Palestine Securities Exchange Board Meeting
Date 10/04/2000
On Wednesday, April 5th, 2000 the Members of the Palestine Securities Exchange's Board held its second meeting for this year headed by Mr. Sabieh Masri, chairman of the board. The board of directors discussed the schedule matters, and appropriate decisions were taken, most significantly: Amortization of the establishment expenses; adjusting of the listing requirement pertaining to the minimum number of shareholders to 100 instead of 250 shareholders; the selling of 10% of the Exchange's share to member brokerage firms or other parities as determined by the board of directors; approval of the budget for the year 2000; approval of setting up an employee savings fund, and accordingly amending the employee regulation.
