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Bank of Palestine recommends 5.71% stock dividends and 10.29% cash dividends and approves several deals

2016-03-06

The Board of directors of Bank of Palestine BOP approved the purchase of an additional share of 31% of the Arab Islamic Bank, where BOP's stake will reach 51.98% accordingly. The final approval will be taken from the bank's extraordinary General Assembly at its meeting on 25/03/2016, noting that it was approved by Palestine Monetary Authority. BOP's board of directors also approved to merge with Palestine Commercial Bank unanimously with Bank of Palestine by allocating every three shares in PCB equivalent to one share in BOP. Final approval will be taken from the bank's extraordinary General Assembly too.

On another hand, BOP's BOD approved the recommendation to the General assembly to distribute $ 28,000,000 dollars for the year 2015 to the shareholders equivalent to 16% of its paid up capital, as follows:

An amount of $10,000,000 as stock dividends; equivalent to 5.71% of the paid-up capital and an amount of $18,000,000 as cash dividends which are equivalent to 10.29% of the paid-up capital. These dividends are in title to the shareholders of  the bank that are registered in PEX as of  Thursday 24th of January 2016, on a pro rata basis.

 


 

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ISBK posts net income of $4.85 million in 2023

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JREI realizes net loss of $0.10 million in 2023

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NAPCO realizes net loss of JD1.68 million in 2023

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APIC posts net income of $19.05 million in 2023

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SAFABANK realizes net loss of $0.88 million in 2023

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QUDS posts net income of $9.18 million in 2023

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NSC posts net income of JD0.80 million in 2023

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PIBC posts net income of $5.07 million in 2023

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ARAB posts net income of JD0.69 million in 2023

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ABRAJ posts net income of $1.02 million in 2023

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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

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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

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Weak trading amid a continuation in the annual data disclosures for 2023

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WASSEL posts net income of $0.54 million in 2023

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PRICO realizes net loss of JD12.10 million in 2023

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UCI posts net income of $1.01 million in 2023

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TIC recommends distributing 15% cash dividends for the year 2023

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ARKAAN realizes net loss of $9.99 million in 2023

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PADICO realizes net loss of $19.34 million in 2023

 

 

 
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