Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

The Palestinian Capital Market Forum recommends family businesses to gradually going into Public Shareholding Companies

2011-11-23

Mr. Ahmad Aweidah, the Palestine Exchange (PEX) Chief Executive Officer, announced the concluding recommendations of the 5th Annual Palestinian Capital Market Forum, held in Ramallah, Palestine on 21 November 2011.

Under the theme of family-owned businesses, a consortium that included the local business community as well as regional and international guest speakers gathered to produce a series of business development recommendations for Palestine’s family business community.

Following are key recommendations of the Forum:

  1. Relevant parties should encourage good corporate governance practices among family businesses and issue a code of corporate governance of family owned businesses.
  2. Enhance awareness amongst owners of family businesses about future options for these companies. In-depth and objective debate should take place within family businesses to address challenges and risks facing these companies, inter-generational transition, conflict resolution, institutionalization, adopting good corporate governance practices, restructuring, investing in human capital, as well as the benefits of listing on the exchange.
  3. Family businesses should pay attention to HR development to professionally pave the way for the intergenerational transition of authority.
  4. Family businesses should do all necessary preparation before the legal transformation into public shareholding companies. Understanding the perspective of being a public shareholding company is more important than the transformation itself.
  5. The public sector including line ministries should provide needed support and guidance for family businesses s by offering certain incentives for family-owned companies. The public sector should also develop a needed database on these companies.
  6. Adopting the principal of gradual transformation from a family-owned business into a public shareholding company according to specific conditions. This should give enough time to owners to adapt to the new concept of sharing responsibility and decentralization and will allow regulatory bodies to review the financial and operational aspects of these companies so that once listed shareholders interests and market interest are protected.

The Forum was held under the patronage of Prime Minister HE Dr. Salam Fayyad, and with the participation of representatives of both the private and the public sectors from Palestine and abroad.  The Forum was sponsored by PADICO Holding – Diamond Sponsor; the Palestine Investment Fund (PIF) – Silver Sponsor; Ernst and Young – Silver Sponsor; and a joint exclusive media sponsorship from Ellam Tam for Communications and Public Relations and PR Newswire.

 

 

 

 

 

 

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013