Palestine Stock Exchange General Assembly Approves Dividend Distribution of 10% to Shareholders

SadaNews - The General Assembly of the Palestine Stock Exchange approved, during its sixteenth annual meeting, the board of directors' recommendation to distribute cash dividends for the year 2025 at a rate of 10%, totaling one million dollars.

This came during a meeting held today with the participation of shareholders holding shares representing 82% of the company's capital.

The meeting included the election of a new board of directors for the upcoming term, consisting of 6 seats from the Palestine Development and Investment Company (PADICO), and a seventh seat from Al-Sanabel for Trade and Investment.

During the meeting, Shanar presented the council's report for the year 2025, highlighting the key accomplishments and successes achieved by the exchange.

All agenda items were discussed, with the General Assembly approving the administrative report, financial statements, and auditor's report for the fiscal year 2025, in addition to releasing the board members from liability and electing Ernst & Young as the auditor for the fiscal year 2026, delegating the board to determine its fees.

Shanar stated: "The exchange continued to achieve positive performance in the year 2025, recording significant growth in its profits reaching 185% compared to the previous year, despite the challenges that cast their shadows over the overall situation in Palestine, reflecting our operational strategy's resilience and our ability to adapt."

She noted that the exchange achieved a qualitative breakthrough by enhancing its digital infrastructure through the introduction of modern operating systems in collaboration with a select group of global financial market service providers, supporting performance efficiency and improving the quality of services provided.

Shanar added that the exchange continues its efforts to develop the market working environment, having held a series of consultative meetings with various constituents of the Palestinian securities sector, aiming to enhance the legal and regulatory framework and meet the phase's needs, stressing that efforts are ongoing to expand the base of listed companies by attracting quality listings, contributing to diversifying investment opportunities and enhancing market attractiveness.

It is noteworthy that the Palestine Stock Exchange was established in 1995 as a private joint-stock company before later being listed for trading after it transformed into a public joint-stock company. It is the regulatory body for the issuance and trading of securities in Palestine and includes 47 listed companies distributed across five sectors: banking, investment, services, insurance, and industry.