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Al Quds Bank Board to convene on Dec 24

Al Quds Bank Board to convene on Dec 24
Quds Bank
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Al Quds Bank has scheduled its Board meeting to be held on Wednesday, December 24, to approve the plan to increase capital through gains, according to the Palestine Exchange (PEX).

The Bank’s capital amounts to about $50 million, distributed on 50 million shares at $1 par value each.

Noteworthy, Al-Quds Bank net profit after taxes added 29.6% to $5.87 million during the nine- month period ending September 30, 2014, compared to $4.52 million in the corresponding period a year earlier. 

Photo Credit: Arabianeye-Reuters