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Jerusalem Cigarette Company raises its capital to JD10 million

2011-05-24

Jerusalem Cigarette Company (JCC) held an extraordinary meeting for its general assembly yesterday 23/05/2011, where they approved raising the company’s capital from JD7.00 million to JD10.00 million through capitalizing a balance of JD3.00 million from the retained earnings to be distributed as bonus shares to shareholders by 42.85%. Therefore, the share’s previous closing was modified to JD1.65 based on the dividends percentage.