Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Partnership between PALTEL and ZAIN waiting for the green light from the PNA

2009-03-08

Jafar Sadaqa wrote:

 

The Palestinian National Authority returned from the donor conference in Sharm el-Sheikh, which was held on the second of this March, with almost double the amount of obligations as requested for the reconstruction of the Gaza Strip, and to support the Palestinian economy including the public budget for 2009, with the total donor commitments for the years 2009 and 2010 to about 5.2 billion dollars, after the conference had adopted the government"s plan to rebuild what was destroyed by the recent Israeli aggression on Gaza, which Prime Minister Salam Fayyad said that it holds several letters, most important is the international community"s confidence in the financial system of the Authority which had been entrenched over the past two years.
At the Palestine Securities Exchange, the most significant developments of the week was postponing the meeting of the irregular general assembly of the Palestinian Telecommunications Company PALTEL, which was scheduled for the end of last week for approval to raise capital and enter Kuwaiti ZAIN as strategic partner, to be called as soon as the company got the approval of the Palestinian National Authority for the partnership in commitment to the convention on the license that one of its clauses provides that any substantial change in the ownership structure of the company must be approved by the Authority, with confirmation of the company"s chairman of the Board of Directors Mr.Sabeih Al Masri that the partnership agreement with the ZAIN is in final stages, and only awaits the formal approval of the Authority.
The company held its ordinary general meeting as planned, and approved the terms of the distribution of cash dividend to shareholders by 52.6  million Jordanian dinars (40 pounds per share), or by 40% of the nominal capital 131.625 million JD.
Under a resolution adopted by the board of directors in its meeting last Wednesday, the company"s shares will be returned to trading in the Palestine Securities Exchange in the first trading session this week, the day after tomorrow, when the PSE decided to abolish the trading sessions today and tomorrow because of moving to its new headquarters in Nablus.
The shares PALTEL was suspended from trading on the decision of the Board of Directors since January 28 last, and closed on time 5.82 JD.
 

 


 

2017-08-17
Medium liquidity with the end of the legal semi-annual disclosures’ period

2017-08-16
PADICO posts net income of $7.46 million in H1 2017

2017-08-16
PRICO realizes net loss of JD1.28 million in H1 2017

2017-08-16
WASSEL reports net income of 0.07 million in H1 2017

2017-08-16
JCC reports net income of JD0.27 million in H1 2017

2017-08-16
AZIZA reports net income of JD2.20 million in H1 2017

2017-08-16
PID realizes net loss of JD0.03 million in H1 2017

2017-08-16
PIIC records net income of JD3.33 million in H1 2017

2017-08-16
PIBC records net income of $1.97 million in H1 2017

2017-08-16
LADAEN realizes net loss of JD0.50 million in H1 2017

2017-08-15
NCI reports net income of $0.15 million in H1 2017

2017-08-15
PALAQAR reports net income of JD0.07 million in H1 2017

2017-08-15
JREI realizes net loss of $0.17 million in H1 2017

2017-08-15
TIC records net income of $1.33 million in H1 2017

2017-08-15
NSC reports net income of JD0.13 million in H1 2017

2017-08-15
ABRAJ posted net income of $0.18 million in H1 2017

2017-08-14
AQARIYA reports net income of JD0.42 million in H1 2017

2017-08-14
BOP posted net income of $24.72 million in H1 2017

2017-08-14
TRUST posted net income of $2.83 million in H1 2017

2017-08-14
PICO reports net income of $2.13 million in H1 2017

2017-08-14
GMC posted net income of JD0.60 million in H1 2017

2017-08-14
JPH posted net income of $0.76 million in H1 2017

2017-08-14
GUI records net income of $0.96 million in H1 2017

2017-08-14
BPC reports net income of $6.02 million in H1 2017

2017-08-14
TNB records net income of $5.36 million in H1 2017

2017-08-14
PEC reports net income of $5.25 million in H1 2017

2017-08-13
ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13
AIB reports net income of $4.01 million in H1 2017

2017-08-13
NAPCO records net income of JD0.18 million in H1 2017

2017-08-13
APIC reports net income of $7.87 million in H1 2017

2017-08-10
Al-Quds Index increases amid the semi-annual financial data disclosures’ domination

2017-08-09
ARAB records net income of JD0.05 million in H1 2017

2017-08-09
ISBK reports net income of $6.37 million in H1 2017

2017-08-09
APC records net income of JD0.70 million in H1 2017

2017-08-09
MIC posts net income of $1.00 million in H1 2017

2017-08-07
UCI reports net income of $0.54 million in H1 2017

2017-08-07
VOIC posts net income of JD3.39 million in H1 2017

2017-08-07
PSE realizes net loss of $0.10 million in H1 2017

2017-08-07
QUDS reports net income of $6.13 million in H1 2017

2017-08-07
PALTEL records net income of JD33.06 million in H1 2017

2017-08-07
BJP records net income of JD0.59 million in H1 2017

2017-08-03
Executing several transactions raises the market's trading value this week

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013