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PADICO approves 5% cash dividends and issuing bonds worth $120 million

2016-05-18

The general assembly of Palestine Development and Investment Company PADICO approved, on its meeting yesterday 17/05/2016, the board of directors’ recommendation to distribute 5% cash dividends ($12.5 million) for the year 2015. It also approved in its extraordinary meeting issuing bonds worth $120 million to pay off the existing bonds and short term loans, while allocating the remaining for the investment projects.