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The Official Press Release of The 1st Annual Forum Event for the PCM

2007-09-12

Official Press Release:

The conclusion of events for the First Annual Forum for the Palestinian Capital Market

Dr.Abulibdeh:2^nd Forum will be held in October of 2008.

Almasri: The Board Committee started to implement recommendations in collaboration with the market and the Monetary Authority.

The First Annual Forum events, organized by the Palestine Securities Exchange have come to an end. It concluded a group of final recommendations Sunday. All of which Dr.Hassan Abulibdeh participated in including Mr. Maher Almasri , Board Chairman of the Capital Market, Academies, Companies and mediations representatives and economic analysts and experts. This took place in both cities Ramallah and Gaza via video conference. Dr.Hassan Abulibdeh stressed on the obligation to keep the annual forum distinctive. He wagered that the next forum will be more developed and more extensive pointing out that he this has achieved the objectives to develop the market on the map of the national economy. He pointed out that he will send a joint letter from the Capital Market Authority to the government concerning the emanating recommendations for the forums role. Dr.Abulibdeh  added ”Soon it will be broadcasted on Al-Jazeera, CNBC Arabia turning the market into a general shareholding company and we are committed to incline before the end of this year”.Abulibdeh cautioned that the forum will be October 2008 and thanked all attendees of the Arab states and the Gaza strip. He singled out recommendations of the committees and their preparations and also Birzeit  University students who volunteered for the preparation of the forum and worked for a long time to organize the forum. Mr.Samir Zraiq, General Manager of Sahem Trading & Investment Company shared his opinion saying, ”The title of the forum ”A decade of achievements and challenges “was self explanatory of how we were able to put the Palestinian Market in the Arab Markets and that the only message from this forum is Invest in Palestine. He called on all to work better in order to bring foreign investments to inject new funds for the homeland.