At their meeting held on March 24, 2013, Bank of Palestine's board of directors scheduled the bank’s Annual Assembly General Meeting (AGM) to take place on Friday, April 26, 2013 at 10:00 am at the bank’s headquarters in Ramallah and via videoconference at the bank's headquarters in Gaza. They also recommended the distribution of USD 26,050,000 (19.44% of the nominal value of the share) from realized profits to shareholders as follows:
• USD 16 million (11.94% of the nominal value of the share) as stock dividends in proportion to each shareholder’s ownership in paid capital as of April 25, 2013, which will increase the bank’s paid capital to USD 150 million.
• USD 10,050,000 (7.5% of the nominal value of the share) as cash dividends in proportion to each shareholder’s ownership in paid capital as of April 25, 2013.