Nablus, 22/04/2025
The General Assembly of the National Carton Industry Company approved the Board of Directors’ recommendation to distribute cash dividends to shareholders at a rate of 10% of the nominal value, equivalent to 10 cents per share.
This came during an ordinary meeting held by the General Assembly at the Golden Old City Hotel in Nablus last Tuesday, chaired by Mahdi Hayati Al-Masri, Chairman of the Board of Directors, and attended by the company’s General Manager, Abdelnaser Dwaikat, the Companies Registrar’s representative, the external auditor’s representative, and the company’s legal advisor, Haitham Al-Zoubi.
Al-Masri presented the Board of Directors’ report on the company’s operations for the year 2024, a year marked by exceptional political and economic circumstances due to the ongoing Israeli war on the Gaza Strip and its repercussions in the West Bank. These events negatively impacted the company’s situation and financial performance, similar to most companies and economic institutions in Palestine.
Al-Masri stated that despite these challenging circumstances, the company maintained its financial solvency, achieving a net profit after tax of USD 885,432 for the year 2024.
Al-Masri expressed his appreciation to the company’s shareholders for their trust, to the members of the Board of Directors and the executive management for their dedicated efforts, and to the company’s customers and suppliers, who are true partners in the company’s successes and continued achievements. He reaffirmed the Board’s and management’s ongoing commitment to advancing the company’s operations in line with the latest technologies and innovations in the packaging industry.
The Ordinary General Assembly also approved the administrative and financial reports for the year 2024, granted a discharge to the Board of Directors, reappointed Ernst & Young as the company’s external auditor for the current year 2025, and authorized the Board of Directors to determine their fees.
