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Palestine Securities Exchange holds a seminar entitled: "Palestine Islamic Bank on the approach of listing"

2009-06-29

Palestine Securities Exchange in cooperation with Palestine Islamic Bank held on Sunday 28/6/2009, at the PSE Representative Office in Ramallah and via the video link with Gaza, a special symposium entitled: "Palestinian Islamic Bank on the approach of listing", in the presence of a number of managers and representatives of member securities companies and listed companies and banks, and a number of investors and media representatives. In his opening speech ; Sufian Al Barghouthi the Director of the Office of the representation of the market in Ramallah, pointed to the importance of the listing of the corporate companies contributing to the market and the economy and the company, valuing the Palestine Islamic Bank  who requested for listing its shares in the Palestine Securities Exchange, in the hope that this is the beginning for the rest of public shareholding companies to meet the requirements set by the legal incorporation, indicating that this is the first listing of its kind this year, and is the second Islamic bank to join the list of companies on the market, raising the number of listed companies to 38 companies. For his part, during his intervention, the deputy general manager of the bank presented a an overview of the establishment of the Palestinian Islamic bank and its 12 branches in the country, noting the evolution of the path of the bank during the past ten years, and pointed to the growing the bank"s capital in a gradual up to capital of $ 35 million by the end of June 2009.