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PADICO adopts 6% cash dividends

2014-05-20

The general assembly of Palestine Development and Investment Company PADICO approved, in its ordinary meeting on 19/05/2014, distributing 6% cash dividends (6 Cents Per Share), a total amount of $15 million for the year 2013. Dividends yield records 4.32%. It also approved in its extraordinary meeting the recommendation of the Board of Directors to amend the Article number 18 in the company’s act related to the ownership’s restriction, where the amended Article indicates “an individual shareholder should possess no more than 10% of the capital, and an institutional shareholders should not possess more than 20% of the capital”.