Palestine Exchange Delists Arab Real Estate And Globalcom Telecommunications Companies

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Palestine Exchange Delists Arab Real Estate And Globalcom Telecommunications Companies

Palestine Exchange decided to delist Arab Real Estate Company, traded under the symbol (ARE) and Globalcom Telecommunications Company, traded under the symbol (GCOM), after getting the Palestine Capital Market Authority (PCMA) approval, as of September 20, 2020.

The decision is based on article 27 of the applicable listing regulations as both companies were suspended for more than one year. The CSD will continue to maintain the registry for both companies until necessary arrangements are made with the companies’ controller at the Ministry of National Economy.

 

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