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Al Jabir denies the selling of his shares in the listed companies in the PSE

2009-11-11

Ramallah- The general manager of ZAIN Levant Dr. Abdelmalik Al Jabir denied what had been reported about him selling his shares in some of the listed companies in the PSE, within a memo that had been directed to the board chairman of the PSE Dr. Rami Al Hamdallah. Al Jabir assured that he hadn’t sold any of his shares in the listed companies at all, but what had been executed refers to ownership transfer to a family"s portfolio, intensifying that he is proud of the PSE and its credibility and transparency, and believes that the Palestinian market is a promising market assuring his intent of investment expansion in the listed companies. And regarding Al Jabir"s resignation from PALTEL"s board of directors, Al Jabir said "my resignation is relevant only to my position and ZAIN, which prevents me from presenting any other party".