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PALTEL approves distributing 50% cash dividends for the year 2013

2014-03-27

The General Assembly of Palestine Telecommunications approved, on its meeting on 26/03/2014, distributing 40% cash dividends for the year 2013 and 10% exceptional cash dividends for the company’s investments in 2013, to total 50% cash dividends distributions for the company’s shareholders as for the general assembly meeting date. The Chairman of the Board of directors, Sabih Al-Masri, indicated during the General Assembly meeting, the steady and continuous growth in the financial performance of the Paltel Group, in which is a result of the studied plans pursued by the Group"s management in its operations that were flexible in terms of dealing with the economic, political and investment changes, with a commitment to respond to the needs and aspirations of the market on one hand, and the interests of the shareholders of the company and maintaining their return on investment on the other.