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Palestine Mortgage & Housing Corporation distributes 5% cash dividends before listing

2011-04-13

Trading on the shares of Palestine Mortgage & Housing Corporation PMHC will begin today; The share price will be floated in the preopening period between (9:45-10:15) and the share will be opened for trading at 10:15, so that all offers in time of opening will be executed at the best price, then trading will be halted on the company"s shares immediately after the opening for 15 minutes in order for the price limits – up and down- to be calculated for the post trading on the basis of the opening price, then trading will be resumed on the company"s share at 10:30 just like any other share. On the other hand, the company held its general assembly yesterday and approved distributing cash dividends by 5%, it should be mentioned that the company’s number of subscribed shares is 20 million.