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PICO approves raising the paid-capital to $6 million

2017-07-18

The extraordinary general assembly GA of Palestine Insurance Company PICO approved, in its meeting on 13/07/2017, the board of directors BOD’s recommendation in March to raise the paid-up capital from $5.00 million to $6.00 million through distributing 20% stocks dividends for the year 2016. It is worth mentioning that the company has previously approved distributing 40% cash dividends for the year 2016.