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The Palestine Investment and Development Company Elects new Board of Directors

2007-04-03

The general assembly for the Palestine Investment and Development Company (PID) ratified the financial and administrative reports for the fiscal year of 2006, and elected a new board of directors consisting of 11 members. In addition to that, it appointed an auditor for the company"s 2007 financial accounts.

PID financial statements showed 4747 JDs as net profits for 2006, and 1351745 JDs as capital profits.

The report pointed to the increase in the PID investment in Everest Housing company from 52% to 57% from its capital (1.5 Million dollars), and pointed also to the market value of its owned lands that equals approximately the company"s capital value (4840419 JD).


 

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