Click here to close now.




















Welcome!

News Feed Item

Bank of Palestine (BoP) Wins the MEIRS Award for "Best Company for Investor Relations in Palestine" and Launches its New Investor Relations Website

ABU DHABI, UAE, December 10, 2012 /PRNewswire/ --

  • BoP was announced the winner of the Middle East IR Society award for "Best Company for Investor Relations in Palestine" at the largest IR Conference ever hosted in the Middle East
  • BoP launches its new Investor Relations website: http://www.bop.ps/ir

Bank of Palestine (BoP) was awarded the "Best Company for Investor Relations in Palestine" award at the 4th annual Middle East Investor Relations Society (ME-IRSociety) Conference and Awards Ceremony held at the Park Hyatt, Saadiyat Island, in Abu Dhabi, UAE. The conference was the largest Investor Relations Conference (IR) ever hosted in the Middle East.

The event brought together listed and unlisted firms, family offices, investors, analysts, advisors, participants of the buy- and sell-side communities and exchanges. Senior level delegates attended from the Society's different chapters.

The Awards ceremony, revealed the Middle East companies that had adopted the highest standards of IR. The winners were voted for by 293 individuals from 137 buy-side and sell-side organisations in the Middle East, the US, UK and Continental Europe in an independent IR survey by Thomson Reuters' Extel. The Extel Middle East survey has been in existence since 2008 and has continuously tracked the highest IR performers in the region.

Bank of Palestine's Investor Relations programme is built to increase investor confidence as the bank is committed to the principles of transparency and responsiveness. Hashim Shawa, Chairman and General Manager of Bank of Palestine stated: "We are pleased to be recognized for our commitment to best IR and corporate governance practices, transparent and effective disclosures and communications with our investors, and our efforts to actively engage the financial community."

Shawa also pointed out to one of the bank's main objectives, which is keeping both the customer and shareholder at the core of the company's strategy to ensure long term success: "In order to attract both foreign and local investors we need to meet their demands and the demands of ever increasing standards, especially in these very difficult financial times we witness around the world.  We consider top quality shareholder service and satisfaction through IR is equally as important as customer service and satisfaction at the bank."

Bank of Palestine's new IR Website

As part of the bank's Investor Relations programme and its investor outreach efforts, Bank of Palestine launched a dedicated Investor Relations Website (http://www.bop.ps/ir). The website gathers a wealth of useful information for investors, and serves as a medium through which shareholders can quickly and easily obtain publicly available information about Bank of Palestine.  

The bank's IR website has been designed to provide both local and foreign investors with relevant information, and to be easy to use, navigate, and meet the needs of both individual investors and sophisticated fund managers.

The bank's website includes information such as: stock information, financial data, annual and semi-annual reports and presentations, disclosures, information on the board of directors and the management team, major shareholders, historical information on dividends and corporate actions, in addition to dedicated sections on the bank's corporate governance and sustainability strategy.

The bank has plans to continue the development of its IR website by introducing Arabic and Spanish versions, in addition to continuously updating and adding relevant information, and introducing new technologies to enhance the communications and interaction with investors.

About Bank of Palestine (BoP)

Bank of Palestine has a long embedded presence and experience in Palestine dating back to 1960.  The bank is now the largest Palestinian bank with the most widespread branch network in Palestine, a paid up capital of $134 million, and assets of over $1.7 billion, with 1,100 employees serving around 600,000 customers.  Operating as a universal bank, BoP is engaged in retail, corporate, micro and SME, and Diaspora banking operations, with the largest card processing operations in Palestine; BoP is the sole agent for issuing and acquiring Visa and MasterCard in Palestine with over 5,000 Point of Sale merchant terminals nationwide.  Recently, BoP has also been playing a leading role in some of the largest project finance loan syndications in Palestine. Bank of Palestine adopts a holistic sustainability strategy and has been the leader in Corporate Social Responsibility (CSR) in Palestine dedicating 5% of its net profit to community development.

Bank of Palestine's stock (PEX: BOP) has been listed on the Palestine Exchange (PEX) since 2005. It is among the market's blue chip stocks, and represents around 14% of total PEX market capitalization.  

For more information, please contact:
Raya Sbitany - Head of Investor Relations
[email protected]
Mobile: +972-595-746555
http://www.bop.ps/ir

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...