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The general assembly of Ahliea Insurance Group approves the distribution of $1.30 million as profits to the shareholders

2009-03-29
amallah - Saed Abu Farha: The general assembly of Ahliea Insurance Group approved the day before yesterday, the recommendation of the Board to distribute dividends to shareholders by %16 from the capital, as of $ 1,288,438 as cash and stocks. The assembly adopted at an ordinary meeting held in Ramallah, Gaza and Cairo, via closed-circuit television, the cash dividends of $ 966,328 as of %12 of the par value of capital ($ 3 for each 100 shares owned) and stock dividends that amounted 322,110 dollars by %4 of the outstanding capital (4 shares for every 100 shares owned), to shareholders registered in the records of Palestine Securities Exchange as at the last trading day prior to the meeting.
The General Authority approved the balance sheet of the company and acquitted the Board of Directors regarding the work of 2008.