Palestine Exchange Company Holds its Ordinary General Assembly Meeting

Palestine Securities Exchange Company (PSE) held its Ordinary 2018 General Assembly meeting on Tuesday 09/04/2019 at the Millennium Hotel in Ramallah. The meeting was chaired by, Mr. Maher Masri, Chairman of the Board, and attended by the companies controller, the  Capital Market Authority general manager, the External Auditor ”Ernest & Young”, the Legal Advisor, and the general assembly members or whoever acts on their behalf.

The General Assembly unanimously approved the Board of Directors’ recommendation to distribute cash dividend of 4%.  The 2018 administrative report, the financial statements and the auditor’s report were also approved. The board of directors was discharged for the exercise of their mandate for the financial year 2018.

Mr. Maher Masri briefed members of the general assembly on the economic and political conditions that affected exchanges during 2018. He also talked about the company prominent achievements during 2018 which included the agreement with NASDAQ OMX to supply the new trading platform “X-Stream” and the cooperation with the European bank for reconstruction and Development “EBRD” to establish the first equity crowdfunding platform.

PSE was established in 1995 as a private company and transformed into a public shareholding company in February 2010. PSE announced its new corporate identity in September 2010and launched its brand “Palestine Exchange” “PEX”. The company was listed on April 4, 2012 at the Palestine Stock Exchange (PEX), becoming the second listed Arab exchange.