Regulatory Alerts2018-01-01
Circular No. 34 Al-Najah National University Non-Profit Hospital Company
The Palestine Monetary Authority issued Circular No. 34 to instruct all Palestinian banks to execute Cabinet Decision No. (17/192/10) of 2018, which approves Al-Najah National University Non-Profit Hospital Company (Reg. No. 562525360) to receive 15 million NIS in monthly financing from local institutions, the Ministry of Health, Military Medical Services, and insurance providers to cover operational revenue. The Ministry of National Economy’s Companies Controller formally endorsed this approval and directed banking institutions to process the recurring transfers into the hospital’s designated accounts. This regulatory directive mandates immediate compliance from all commercial banks to facilitate the hospital’s approved monthly funding stream.