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Board of Directors of PADICO discusses today the restructuring plan and disposition of profits

2009-03-29

Jafar Sadaqa wrote:
Palestine Securities Exchange witnessed an active trading last week, as the Palestinian shares continued to gain approaching $ 90 million or %3.70, to increase the market capitalization to more than $2.509 billion at the end of trading week, from about $2.419 billion at the end of trading of the previous week.
Al- Quds index has closed at the level of 546.63 points up 21.73 points or %4.14, driven up by 4 of the indicators represented in the market: services, investment, insurance and industry, compared to a slight decline in the banking sector index.
This coincided with a significant increase in traded shares volumes to levels not seen since the middle of last year, as the average number of shares traded increased by %87.51 to more than two million shares from about 1 .1 million shares per day in the previous week, as the average trading value jumped by %15.72 to reach $8 million dollars per day from about $3.10 million per day in the previous week.
It is scheduled to hold the Board of Directors of Palestine Development and Investment "PADICO", which is the main shareholder in about 12 companies listed in Palestine Securities Exchange, a meeting in Amman today. Al Ayyam knew that the meeting"s agenda has a number of important items, integrate of its 13 companies which operate in the real estate and tourism sectors under a new holding company with capital of more than $300 million, and the integration of the companies operating in the industry under one company, the addition to the establishment of a new company to invest in water and sanitation sector which is the first initiative among the private sector. In the event of approval of these recommendations, Palestine Securities Exchange is on the verge of a fundamental restructuring in terms of the number of shares listed, as the number of vulnerable shares will disappear in favor to a smaller number of shares, but strong. The board will also discuss the latest developments with regard to the partnership deal between the group ZAIN of Kuwait and the Palestinian telecommunications company that is owned by %31 of PADICO.
Also, the Board will discuss act plans in line with year 2008, and submit its recommendations thereon to the General Assembly of the company.

 

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

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Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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