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The Commercial Bank of Palestine raises its capital to $ 30 million

2008-02-19

The commercial Bank of Palestine convened its general assembly meeting yesterday, and approved during this meeting the new board of directors" decision of raising the bank capital to $ 30 million divided into 30 million shares after it was $20 million. This will be with the coordination of the monetary authority, where the priority is given to the original shareholders and then offered to public subscription to complete the capital by participation of new shareholders. The meeting that gathered between the ordinary and unordinary general assemblies was held in Best Eastern Hotel in Al- Beireh and through the video conference with Amman, with the participation of the companies" observer Mr. Nizam Ayyoub, the old board of directors" members, PMA and PSE representatives, the Bank consultant and the auditor.