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Halting the trading on Palestine Telecommunications' shares (PALTEL) temporarily

2009-01-28

Referring to the request of the capital market authority on 27/01/2009 to halt the trading on Palestinian Telecommunications Company (PALTEL) temporarily until the completion of the strategic partnership and the irregular general assembly in result of the board of directors meeting. The company"s shares will be halted from trading starting from the trading session of Wednesday 28/01/2009 and until convening the irregular general assembly of the company that will discuss the recommendation of the board of directors regarding ZAIN entrance as a strategic partner of the company. The share had been halted on the basis of Article (12/3-d) of the Securities Law No. (12) For the year 2004, and in accordance with Article (79) and (8/w) of the securities trading system in force in order to preserve the rights of shareholders and investors and the transparency of trading and the safety and integrity of trading in Palestine Securities Exchange.