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PALTEL recommends granting share/shares in the new established company on the basis of the BOD decision and 40% cash dividends for the year 2021

2022-03-09

The board of directors of Palestine Telecommunications PALTEL raised a recommendation to the general assembly, which will hold an extraordinary general assembly meeting on 22/03/2022, to discuss granting PALTEL’s shareholders share/ shares in the new established company on the basis of the board of directors’ decision on 03/11/2021 for each share/shares owned by PALTEL’s shareholders. Also, it was mentioned before that the board of directors also raised a recommendation to the ordinary general assembly, which will be holding a meeting on the same date on 22/03/2022, to distribute 40% cash dividends for the year 2021, to record dividends yield of 6.90% based on the current market price.