With the participation of Gaza shareholders… Palestine Telecommunications Company approves the distribution of 30 piasters per share before al-Adha Eid
Rawabi, May 11, 2026
The General Assembly of the Palestine Telecommunications Company P.L.C. held its twenty-ninth Ordinary Annual Meeting in Rawabi, with participation via video conferencing from the Gaza Strip, under the chairmanship of Mr. Sabih Al-Masri, Chairman of the Board of Directors. The meeting was attended by shareholders representing, in person and by proxy, 73.53% of the Company’s share capital.
During the meeting, the General Assembly approved the Board of Directors’ recommendation to distribute cash dividends for the fiscal year 2025 at a rate of 30% of the nominal share value of one Jordanian Dinar. This corresponds to 30 piasters per share, with a total distribution of 40 million Jordanian Dinars, ensuring dividends are distributed before upcoming al-Adha Eid, taking into account the difficult economic conditions that the Palestinian people are facing.
Mr. Al-Masri opened the meeting by extending his greetings and appreciation to the Company’s shareholders in the Gaza Strip, who participated in the General Assembly Meeting for the first time since the outbreak of the war through video conferencing. In his remarks, the Chairman emphasized that telecommunications services in Palestine play a vital role that extends beyond being a technical means of communication. He noted that these services help reduce the isolation affecting Palestinian cities, villages, and refugee camps, adding that the Company’s continued ability to provide stable and reliable services further strengthens the value of its performance.
For his part, AbdulMajeed Melhem, the Company’s CEO, highlighted the Company’s key achievements during the year, including network development and the advancement of digital transformation, in addition to the expansion of the home fiber-optic subscriber base, fintech solutions, and ICT services. These achievements were accompanied by growth in profits despite the complex economic and political conditions.
Furthermore, the meeting addressed the agenda items and related recommendations. The General Assembly approved the audited financial statements for the year 2025, discharged the members of the Board of Directors from liability for that period, and appointed Ernst & Young as the Company’s external auditor for the year 2026.
During the Extraordinary General Assembly Meeting, shareholders also approved amendments to the provisions related to borrowing powers in the Company’s Articles of Association, in a manner that strengthens the Company’s governance and enhances its flexibility in addressing investment challenges and future changes.
Founded in 1995 as a public shareholding Company, Palestine Telecommunications Company/Jawwal has since established the most extensive and advanced telecommunications network in Palestine, offering mobile, fixed-line, internet, and ICT solutions. With consistent growth, it continues to elevate Palestine’s position as a key player in the regional technology and telecommunications sector.
