Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

PADICO elects a new board of directors and pay cash dividends

2007-04-28

PADICO general assembly held their regular meeting on Saturday 28/04/2007, chaired by Mr. Muneeb Rasheed Al Masri; the chairman of the board of directors, and the attendance of members of the board, secretary general, executive director of the company and the auditors.

The 2006 financial reports of PADICO showed that the company’s net profit available for dividends was $ 47.2 million, %59.5 decline from 2005 net profit. This decline was due to the decrease of the earning of the subsidiary companies of PADICO and the return investment in the stock market.

The general assembly approved recommendations of the board of directors to distribute %10 of the face value of the stock ($ 0.1 per share) as cash dividends for the registered shareholders up that date. The total amount of dividends was $ 25 million.

The general assembly elected a new board of directors:

  1. Mr Muneeb Rasheed Al Masri – chairman of the board
  2. Mr Nabeel Ghattas Al Sarraf- vice chair
  3. Mr Sabeeh Taher El Masri
  4. Mr Nidal Muneer Sukhtian
  5. Mr Zahi Eadee’ Khuri
  6. Representative of Al Masira Investment Company
  7. Representative of Palestine for Technology Transfer
  8. Representative of Arab Bank
  9. Representative Of Cairo Amman Bank

 

 

The board of directors reappointed Mr Ziad Muhammed Al Turk as the secretary general of the company and Dr. Faruq Z’etir as the excusive director.

 

Mr. Al Masri announced that the company achieved good profit in the first quarter of 2007 that was around $ 16.2 million.


 

2014-11-20
Declines in Al-Quds Index and liquidity under the pressure of the general political anticipation

2014-11-13
A balancing in Al-Quds Index despite the general anticipation

2014-11-09
AIG posts net income of $1.05 million in 9M 2014

2014-11-06
Total companies’ profits drop by 9% following the Gaza war

2014-11-05
Total profits of the listed companies in 9M 2014 hit $177.41 million

2014-11-04
PADICO posts net income of $16.57 million in 9M 2014

2014-11-03
PRICO realizes net loss of JD0.65 million in 9M 2014

2014-11-03
PADICO Holding posts pretax income of $17.1 million in 9M 2014

2014-11-03
GUI reports net income of $0.41 million in 9M 2014

2014-11-02
WASSEL’s share returns to trade in the PEX

2014-11-02
PALTEL posts net income of JD65.21 million in 9M 2014

2014-11-02
JCC realizes net loss of JD1.47 million in 9M 2014

2014-11-02
TIC posts net income of $1.68 million in 9M 2014

2014-11-02
JREI realizes net loss of $0.58 million in 9M 2014

2014-11-02
GCOM realizes net loss of $0.52 million in 9M 2014

2014-11-02
MIC realizes net loss of $0.06 million in 9M 2014

2014-11-02
GMC reports net income of JD0.08 million in 9M 2014

2014-11-02
PICO posts net income of $0.41 million in 9M 2014

2014-11-02
WASSEL realizes net loss of $0.84 million in 9M 2014

2014-11-02
TRUST records net income of $1.22 million in 9M 2014

2014-11-02
PEC posts net income of $1.35 million in 9M 2014

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013