Palestine Exchange CEO Announces Cash Dividends for 2014 Exceeds USD 150 Million

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Palestine Exchange CEO Announces Cash Dividends for 2014 Exceeds USD 150 Million

Mr. Ahmad Aweidah, CEO of the Palestine Exchange (PEX), announced that the amount of cash dividends distributed by listed companies on the PEX was USD 150,274,317 for the year 2014, a growth of 0.02 % compared to 2013. 
 
Mr. Ahmad Aweidah said: “Dividends yield in 2014 was 6.2%. This corresponds to the outstanding performance of many PEX listed companies; (22) out of (49) companies with 3.187 billion market cap. (As of 31/12/2014) distributed cash dividends for 2014. Even though 2014 was full of challenges in Palestine on all levels, listed companies proved their resilience and achieved exceptional profits.” Mr. Aweidah hoped that this performance will have a positive impact on trading volumes and market liquidity.

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