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PIIC Board meeting postponed to Dec 22

PIIC Board meeting postponed to Dec 22
Palestine Industrial Investment Co (PIIC) Board meeting scheduled to be held on Sunday, December 21, has been postponed to Monday, December 22, according to the Company's statement to the Palestine Exchange (PEX).

The board will meet to review the financial results of the company and its subsidiaries for the period ended November 30, 2014.

It is worth mentioning that PIIC capital amounts to about JOD 18.75 million, distributed on 18.75 million shares at JOD 1 par value each. The Company operates within diversified financial sector focusing on multi-sector holdings.

PIIC’s net profit after taxes amounted to around JOD 3 million during the first nine months of 2014, compared to JOD 3.92 million in the corresponding period a year earlier, losing 23.3%.

Photo Credit: Arabianeye-Reuters