Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

The distribution of PALTEL’s cash dividends will take place within 10 days

2013-04-07

Mr. Sabih Masri; the chairman of Palestine Telecommunications PALTEL noted that PALTEL group increased its determination after the recognition of Palestine in the United Nations, to continue  its contribution to develop the telecommunications and information technology sector in Palestine, including the development of fixed-line, wireless  and data services and the provision of modern technology in Palestine. It is good to note that the general assembly of PALTEL approved distributing 45% cash dividends (JD59.2 million) for the year 2012. Mr. Masri  noted that the distribution will take place within 10 days. 

Achievements and exceptional circumstance

Mr. Masri said: the group worked through the year 2012 in exceptional circumstances, including changes in exchange rates, illegal competition faced by Israeli companies and high taxes, which led to higher operational costs. This came along with various obstacles imposed by the Israeli occupation on the ground to directly affect the company"s business, particularly in the Gaza Strip. He assured that bearing in mind the benefit of its shareholders in the first place, the General Assembly approved distributing 45% of the par value of the share, with a total of JD59.2 million and an unprecedented increase in the ratio of distribution of profits for last year by 12.3% and with the highest percentage of profit not only at the company"s level, but also at the level of Palestine securities exchange.

Growth Continuing

Mr. Ammar Aker mentioned the efforts of The Palestinian Ministry of Telecommunications and Information Technology, especially after the recognition of Palestine in the United Nation, to introduce pressure on the Israeli Authorities to get the 3G service and other devices and equipment that will transfer the Palestinian Telecommunications sector to a new developed phase. Mr. Ammar also noted that the company has a strong financial position that is mostly related to the strength of PALTEL’s share on Palestine Stock Exchange PEX. This was emphasized by RASMALA report about PALTEL shares, whereby, noted that the reasons behind the strength of PALTEL’s share came as a result of the growth achieved by the company in terms of financial performance, cash dividends and shareholders’ equity. In addition, the company is distinguished in terms of the highest dividends distributions and attractive returns on investment. Mr. Aker said that the company is seeking to maintain its growth through the preparation of systematic plans and investment expansion in order to maintain the shareholders’ equity despite all the challenges, in addition, the company is looking forward to get the 3G and 4G services to upgrade the telecommunications and information services in Palestine. The company continues in providing entrepreneuring projects in addition to projects that target women, individuals and local institutions.     

 

 

 

 

 


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403