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Listed Companies Did Not Hold Any Meetings for its Board of Directors For Half the Year.

2007-07-02

Listed Companies Did Not Hold Any Meetings for its Board of Directors For Half the Year.

With the first half of the end of this year 2006, as market records indicate, a number of listed companies did not hold their board of directors meetings during the first half for this year. The disclosure is required by the market for the companies. The market instructs the companies to schedule their meetings 10 days before the meeting date. Records indicate that 24 out of 35 listed companies have scheduled dates for their Board of Directors meetings and issued the system all disclosure requirements. The same records also indicate that the Bank of Palestine and the Palestinian Telecommunications Company scheduled 3 meetings each. It is worth mentioning that some companies disclosed for scheduling meetings had been held to their board of directors on the sidelines of public bodies, but just to unveil the results of the work of public bodies. Followed are the names of companies that have not held meetings for their boards of directors for the first half of this year as indicated by our records : Ahleia Insurance Group, Al Quds Bank for Development and Investment, Arab Company for Paint Products, The National Carton Industry, Jerusalem Real Estate Investments, Arab Concrete Products Company, Arab Islamic Bank, Arab Hotel Company, Arab Insurance Establishment.