Meeting of the General Assembly of the Vegetable Oil Industries Company 2023.

Meeting of the General Assembly of the Vegetable Oil Industries Company 2023.

The Ordinary General Assembly of the Vegetable Oil Industries Company held its annual meeting at eleven o’clock in the morning on Wednesday, 10/05/2023, chaired by Mr. Iyad Al-Hajji, Chairman of the Board of Directors. And Rashid Al-Kukhan, Zuhair Asili, Bassam Walweel and Mr. Hisham Al-Masry via Zoom, in the presence of Mr. Ali Hijawi, the General Manager and members of the executive management, as the percentage of shareholders attending the meeting reached 89%.

The meeting was preceded by the meeting of the Extraordinary General Assembly, where it decided to increase the number of members of the Board of Directors to nine members as a maximum.

The meeting was also attended by Ms. Nour Al-Masry / Representative of the Registrar of Companies, Messrs. Al-Zoubi Law Firm / Messrs. Haitham Al-Zoubi, Jihad Al-Zoubi and Masa Al-Gohary - the legal advisor of the company and Mr. Abdul Karim Mahmoud / representative of the company's auditors (Messrs. Ernst Weng).

The General Assembly decided to distribute cash dividends to the shareholders at 50% of the nominal value of the share.

The company will start distributing profits during the first week of June 2023.

It is worth noting that the Vegetable Oils Company was established in 1953 as a public shareholding company listed on the Palestine Exchange, aiming to increase the efficiency of operations and production, with the aim of strengthening the company’s financial position and cash flows, and establishing its position at the forefront of the leading investment companies