ARAB PALESTINIAN INVESTMENT - APIC(APIC) held its ordinary General Assembly meeting meeting on 05/05/2021.
Meeting Status :
Meeting hold
| Meeting Content | Meeting Decision |
| Company Symbol | APIC |
| Currency | USD |
| ISIN Number | PS4010112960 |
| Meeting Date | 04/05/2021 |
| Meeting Day | Wednesday |
| Meeting Time | 12:00 |
| GAM Type | Ordinary |
| Meeting Location | APIC Premises- Palestine |
| Fiscal Year | 2020 |
| Meeting Invetation Party | Board Member |
| Meeting adjourned Time | 12:20 |
| Meeting Chairman | Tarek Omar A Alaggad |
| Meeting Recorder | Fida Musleh/Azar |
| PEX Representative | Ahmad Safi |
| PCMA Representative | Murad Jadbeh |
| Controller/Registrar (or his representative)v | Maher Zbn |
| Number of attending shareholders in person | 59 |
| Number of shareholders who represented by proxy | 32 |
| Number of shares represented in the meeting in person | 48279840 |
| Number of shares represented in the meeting by proxy | 22068215 |
| Total Number of shares presented in the meeting (in person and by proxy) | 70348055 |
| لإhe ratio for the shares presented to the company total No. of shares% | 73.1 |
| Last Updated Date of Agenda | 18/04/2021 10:46:28 AM |
Stock Dividends
Bonus shares amounting to 8.8 million shares (9.1476%)
Cash Distribution
Cash dividend amounting to USD 7.215 million (7.5%).
Agenda
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Review and approve the company’s Board of Directors report for the year 2020. To view APIC's annual report, please visit the company's website on the following link:
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Review, discuss and approve the auditor’s report and the financial statements for the year ending December 31, 2020.
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Elect auditors of the company for the year 2021 and authorize the Board of Directors to set their remuneration.
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Ratify the recommendation of APIC's Board of Directors in relation to dividend distribution of 16.647% of APIC's paid-in capital amounting to USD 96.2 million for shareholders who were registered as at May 4, 2021, COB as follows:
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Cash dividends amounting to USD 7.215 million, representing 7.5%.
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Share dividends amounting to 8.8 million shares, representing 9.147%.
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Exonerate members of the Board of Directors for the fiscal year ending December 31, 2020.
Company Data Before Corporate Action
| Authorized Capital BCA | Subscribed Capital BCA | Par Value BC | Paid-In Capital BCA | No. of Outstanding Shares BC - Share | Issued share Price |
| 125000000 | 96200000 | 1 | 95000000 | 96200000 | 3.14 |
GAM Recommendations of Corporate Actions
Dividends Information
| Cash Distribution Value | Cash Distribution Ratio | Cash Distribution Record Date | Cash Distribution Last Day to Participate | Cash Distribution Payment Date |
| 7215000 | 0.075 | 08/05/2021 | 03/05/2021 | 04/07/2021 |
Corporate Actions Details
| Corporate Action Type | Subscribed Capital ACA | Paid-In Capital ACA | No. of Outstanding Shares AC - Share | No. of CA Values | Dividend - Capital Increase/ Decrease Ratio per par value | Dividends in Shares | Issued Share Price ACA |
| Stock Dividends | 105000000 | 105000000 | 105000000 | 8800000 | 0.0914760915 | 8800000 | 2.87 |
Company Data in case of Approving Corporate Action
| Authorized Capital ACA | Par Value AC |
| 125000000 | 1 |
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