Ahmad Aweidah, Chief Executive Officer of the Palestine Exchange announced the listing and trading date of the PSE on the fourth of April 2012. The listing ceremony will be held in Ramallah on the fifteenth trading anniversary of the Palestine Exchange. The PSE listing is the first in 2012; the number of listed companies will rise to 47 with a market capitalization of about 2.9 billion USD.
Aweidah confirmed that the PSE listing is in accordance with the securities law applicable in Palestine and the Palestine Capital Market Authority’s regulations. He added: “this listing is in compliance with good corporate governance practices, including the restructuring of PSE shareholders’ structure by expanding it. It will also contribute to attaining proper price discovery of the stock”.
Aweidah noted the importance of this listing; “the PSE will be a model for other public shareholding companies” he said. Aweidah indicated that the PSE transformed into a public shareholding company in 2010, it is the second Arab stock exchange to be publicly traded after Dubai Financial Market and the only Arab exchange that is fully owned by the private sector.