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Bank of Palestine-Announces the offering of none subscribed shares for the annual subscription.


 Bank of Palestine-Announces the offering of none subscribed shares for the annual subscription.

After given permission from the Head of capital market board of directors according to the conditions& rules of the annual subscription:-


 The bank of Palestine "the general limited shareholder" announces the offering of (1,479,016) shares in the annual meeting. Therefore, from today Sunday 03/06/07 until the end of the Thursday working day 14/06/2007, the accepted conditions are as follows:


1.      Subscription is limited to the bank of Palestine company shareholders as of the end of trade share on Thursday 05/04/2007.


2.      Share price (1.05$)- (value 1 dollar +0.05 dollars non refunds)


3.      Shareholder has the right to fully subscribe to the offered shares.


4.      If the subscriber end up with a larger amount of shares than offered, a number of shares will be limited  and will end up equaling the same percentage as of the date 05/04/2007. The remaining amount of shares will be distributed to the subscriber as requested as for high distributing specified shares; the bank will handle it in a suitable manner.


5.      Subscription will take place by the department of relations and marketing   in all bank branches in Palestine .


Important note to shareholders outside the country : to simplify the subscription procedures you will find the application and the brochure from bank website , this could be sent to the bank of Palestine-Al-Rimal branch   by fax and transfer the amount to  account number: 1116666,bank number:89,Swift code :PALSPSS22





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