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The General Assembly of Arab Palestinian Investment Company (APIC) ratifies the distribution of stock dividends totaling 8 million shares, with a market value of around USD 20 million
RAMALLAH, Palestine, May 16, 2024 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) convened its ordinary general assembly on Wednesday, May 15, 2024, in Ramallah, Palestine. The meeting, which was chaired by APIC Chairman and CEO Tarek Aggad, was attended by members of APIC's Board of Directors, representatives from the Ministry of National Economy, the Palestine Capital Market Authority, the external auditor of the company, its legal counsel and many of its shareholders.
In its meeting, the general assembly ratified the recommendation of APIC's Board of Directors to distribute stock dividends totaling eight million shares, representing approximately 6.84% of the current paid-in capital of USD 117 million, thus increasing the paid-in capital to be equal to the authorized capital of USD 125 ...