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Halting the trading on Al Mashreq Insurance Company MIC

2011-05-18

The Palestinian Capital Market Authority decided yesterday to halt the trading on the shares of Al Mashreq Insurance Company MIC for two weeks.  Following the GA’s meeting; the board of directors of MIC held a meeting on 16/05/2011, where they approved the plan submitted by the executive management that included the restructuring of the company"s departments from all administrative and technical aspects, as well as to examine the restructuring of the company"s capital.