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Ramallah- Al Ayyam: The General Assembly of Golden Wheat Mills Company approved the distribution of profits by %7.5 of the capital as cash dividends to the shareholders yesterday, and within sixty days.
The irregular assembly also approved the reduction in the number of members of the directors" board from 11 members to 9 members.
The company held two separate meetings of its regular and irregular assemblies at its headquarters in Barham town, in the presence of Yusef Joudeh as representative of the companies observer in the Ministry of National Economy, and the participation of shareholders that holding %75 of the shares in authenticity and agency.
The ordinary general assembly approved the report of the board of directors of the past year, the auditor"s report, financial statements, and the discharge of the Board of Directors.
In his report to the regular assembly, the Chairman of the Board of Directors Dr. Abdul Malik Al Jaber said that the company achieved growth and development in last year despite the challenges they faced, stressing the strength of the financial position of the company, which achieved a net profit of about two million dinars compared to net profit before tax amounted to about JD 387 thousand in the previous year.
Al Jaber considered the year 2008 "the year of qualitative transformation of the company for the better, through the serious achievements among all the levels of productivity, administrative and financial, in spite of the many challenges they faced, as the past year has seen a big rise in the prices of grains, fruits and global transport, which had a negative impact on the prices of all items of our products".