Legislative Environment
Monitoring the Capital Market Institutions
The General Administration of Securities, through the Market Operations Supervision Department, continued its efforts to provide an appropriate climate for investment in securities, and to promote the Palestinian capital market in accordance with the highest international standards and practices, specifically the principles emanating from the International Organization of Capital Markets Supervisory Authorities (IOSCO), through:
Services provided to the Sector:
Company | Issuance type | Number of Shares |
1. Arab Palestinian Investment – APIC | Stock dividends | 7,000,000 |
2. Ibn Sina Specialized Hospital | Secondary public subscription | 8,000,000 |
3. Bank of Palestine | Stock dividends | 6,525,050 |
4. Arab Islamic Bank | Stock dividends | 4,500,000 |
5. Al Quds Bank | Stock dividends | 3,566,204 |
6. Palestine Islamic Bank | Stock dividends | 5,000,000 |
7. Sanad Construction Resources | Private subscription | 13,121,264 |
8. Sanad Construction Resources | Stock dividends | 7,996,881 |
9. Birzeit Pharmaceuticals | Stock dividends | 19,382,449 |
10. Al Mashriq Insurance | Stock dividends | 1,500,000 |
11. The Ramallah Summer Resorts | Stock dividends | 300,000 |
12. Dar Al-Shifa Pharmaceuticals | Stock dividends | 406,132 |
13. The National Bank | Stock dividends | 8,503,653 |
The following table shows the extent of commitment of listed companies to disclose periodic reports during 2022:
Periodic reports | Disclosure deadline | Listed companies | Compliant companies | Compliance percentage |
Initial financial statements for 2021 | 15/2/2022 | 47 | 45 | 96% |
Annual reports for 2021 | 31/3/2022 | 47 | 43 | 91% |
First quarter financial statements 2021 | 31/5/2022 | 47 | 37 | 79% |
Semi-annual reports for 2021 | 15/8/2022 | 49 | 46 | 94% |
Third quarter financial statements 2021 | 16/11/2022 | 49 | 47 | 96% |
The Capital Market Authority is an institution that enjoys legal personality, financial and administrative independence, and legal performance in Article No. 2 of the Capital Market Authority Law No. 13 of 2004.
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