Regulatory Alerts2019-01-01
Circular No. 281 - Company 48 for Television and Film Production
The Palestine Monetary Authority issued Circular No. 281/2019 to instruct all Palestinian banks to immediately revoke the authorization of shareholders Majd Omar Ibrahim Samara and Nasser Al-Yasar from Company 48 for Television and Film Production. This directive follows a formal complaint from another shareholder to the Ministry of National Economy regarding potential rights violations and the need to protect partners and creditors. The suspension of shareholder authority remains in effect until the company's legal status is fully rectified in compliance with justice and the rule of law.
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