RAMALLAH, The Ramallah-based Arab Palestinian Investment Company (APIC), in a meeting for its extraordinary and ordinary general assembly held today in Ramallah, ratified dividend distribution for registered shareholders amounting to $18 million, 17.14% of APIC’s paid-in capital amounting to $105 million to date, around 10.476% as cash dividends amounting to $11 million and around 6.666% as $7 million in bonus shares. Accordingly, APIC’s paid-in capital will reach $112 million following the bonus share distribution.
The general assembly also elected a new board of directors comprising of 13 board members for the next four years and includes businesswomen and businessmen from Palestine, Saudi Arabia, Jordan, the United Arab Emirates, the United Kingdom, and the United States of America.
APIC is a foreign public shareholding investment holding company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey through its group of subsidiaries: Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; National Aluminum and Profiles Company (NAPCO); Sky Advertising and Public Relations and Event Management Company; Arab Leasing Company and Arab Palestinian Storage and Cooling Company, employing over 2,600 staff through its group of subsidiaries.
Source: Palestine News & Info Agency