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Bank of Palestine recommends 5.71% stock dividends and 10.29% cash dividends and approves several deals

2016-03-06

The Board of directors of Bank of Palestine BOP approved the purchase of an additional share of 31% of the Arab Islamic Bank, where BOP's stake will reach 51.98% accordingly. The final approval will be taken from the bank's extraordinary General Assembly at its meeting on 25/03/2016, noting that it was approved by Palestine Monetary Authority. BOP's board of directors also approved to merge with Palestine Commercial Bank unanimously with Bank of Palestine by allocating every three shares in PCB equivalent to one share in BOP. Final approval will be taken from the bank's extraordinary General Assembly too.

On another hand, BOP's BOD approved the recommendation to the General assembly to distribute $ 28,000,000 dollars for the year 2015 to the shareholders equivalent to 16% of its paid up capital, as follows:

An amount of $10,000,000 as stock dividends; equivalent to 5.71% of the paid-up capital and an amount of $18,000,000 as cash dividends which are equivalent to 10.29% of the paid-up capital. These dividends are in title to the shareholders of  the bank that are registered in PEX as of  Thursday 24th of January 2016, on a pro rata basis.

 


 

2018-01-18
Scarce liquidity in the PEX and 3G mobile networks in the West Bank by the end of January

2018-01-18
launching 3G mobile networks in the west bank by the end of January

2018-01-11
Relative quietness in the PEX with the increasing anticipation for the annual disclosures

2018-01-08
WATANIYA discusses raising its paid-up capital to $293 million

2018-01-04
The PEX opens the year 2018 in optimism

2018-01-03
The PEX modifies AL-Quds Index composition for the year 2018

 

 

 
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