ARAB PALESTINIAN INVESTMENT - APIC(APIC) held its ordinary General Assembly meeting meeting on 09/05/2022.
Meeting Status :
Meeting hold
| Meeting Content | Meeting Decision |
| Company Symbol | APIC |
| Currency | USD |
| ISIN Number | PS4010112960 |
| Meeting Date | 09/05/2022 |
| Meeting Day | Monday |
| Meeting Time | 12:00 |
| GAM Type | Ordinary |
| Meeting Location | Millennium Hotel, Ramallah- Palestine |
| Fiscal Year | 2021 |
| Meeting Invetation Party | Board Member |
| Meeting adjourned Time | 12:30 |
| 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 | Maha Hassonah |
| Number of attending shareholders in person | 50 |
| Number of shareholders who represented by proxy | 40 |
| Number of shares represented in the meeting in person | 58397001 |
| Number of shares represented in the meeting by proxy | 17900613 |
| Total Number of shares presented in the meeting (in person and by proxy) | 76297614 |
| لإhe ratio for the shares presented to the company total No. of shares% | 72.7 |
| Last Updated Date of Agenda | 13/04/2022 11:52:27 AM |
Agenda
Agenda of the Meeting
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Review and ratify the company’s Board of Directors report for the year 2021. To view APIC's annual report, please visit APIC's website at the following link:
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Review, discuss and ratify the auditor’s report and the financial statements for the year ending December 31, 2021.
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Elect auditors of the company for the year 2022 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 a dividend distribution of around 17.14% of APIC's paid-in capital amounting to USD 105 million for shareholders who were registered as of May 8, 2022, COB as follows:
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Cash dividends amounting to USD 11 million, representing around 10.476%.
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Share dividends amounting to 7 million shares, representing around 6.666%.
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Exonerate the members of the Board of Directors for the fiscal year ending December 31, 2021.
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Elect a new Board of Directors for a 4-year term.
Stock Dividends
Share dividends amounting to 7 million shares, representing around 6.666%.
Cash Distribution
Cash dividends amounting to USD 11 million, representing around 10.476%.
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 | 105000000 | 1 | 105000000 | 105000000 | 3.83 |
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 |
| 11000000 | 0.1047619048 | 11/05/2022 | 08/05/2022 | 15/06/2022 |
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 | 112000000 | 112000000 | 112000000 | 7000000 | 0.0666666667 | 7000000 | 3.59 |
Company Data in case of Approving Corporate Action
| Authorized Capital ACA | Par Value AC |
| 105000000 |
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