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PSE listed companies begin to schedule board of directors meetings.

2008-01-20

Listed companies in Palestine securities exchange started to designate the board of directors meetings in order to discuss the last year business results and profits issues. The first BOD" meeting was for Arab insurance establishment (AIE) that had been held in 13 of current month, where operating activities results had been reviewed by the board and recommended to the financial department to exert  more in order to comply with the common disclosure dates. Regarding the company"s capital, AIE"s BOD decided to point another meeting in February, 17 to proceed the procedural steps that are suggested by the committee which had been established for this issue. Arab real estate establishment also convened its board of directors meeting last Tuesday and announced through a disclosure that it hadn"t taken any decisions that affect shareholders equity except a decision regarding selling stocks in PALTEL and AIE. National insurance company scheduled it board of directors in January, 20 to verify the recommendation regarding earnings distribution that will be submitted to the general assembly. Also Bank of Palestine and Jerusalem Cigarettes Company pointed their BOD meetings to be convened in 21 and 22 January consequently.As for Jerusalem pharmaceutical it had scheduled its board of directors in 22 January to discuss the overall position of the company and its financials and its aboard investment strategies.