Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2018/34)
To all banks operating in Palestine
Date: Tuesday, February 27, 2018

Subject: Al-Najah National University Non-Profit Hospital Company (562525360)

Greetings,
Attached is the Cabinet Decision approved on 20/02/2018, and the letter from the Companies Controller dated 25/02/2018 regarding the approval for Al-Najah National University Non-Profit Hospital Company to obtain financing of a specified amount according to the attached decision. Accordingly, please take the necessary measures to implement the decision.

Please accept our highest regards,

Supervision and Inspection Department
Palestine Monetary Authority

Attachments: Approved Cabinet Decision.
Letter from the Companies Controller.

www.pma.ps

State of Palestine

Ministry of National Economy

State of Palestine
Ministry of National Economy

Date: 25/02/2018

His Excellency Mr. Azzam Shawah
Governor of the Palestine Monetary Authority
Greetings,

Subject: Allowing Al-Najah National University Hospital/Non-Profit to Obtain Financing (562525360)

The Ministry of National Economy extends its warmest greetings. With reference to the above subject and based on the approval decision issued by the Cabinet, No. (17/192/10) of 2018 (Official Gazette), dated 20/02/2018, regarding the request submitted by the aforementioned company to obtain financing valued at 15,000,000 NIS, funded by the Ministry of Health, Military Medical Services, and various insurance companies to cover the hospital's total monthly revenue, in its accounts with banks operating in Palestine, as stated in the financing request.

Please instruct the gentlemen at the banks operating in Palestine to take the necessary action.

With utmost respect and appreciation,

Dr. Hatem Sarakan
Companies Controller

Attached: Copy of the Cabinet Decision
Copy to His Excellency the Minister

Ramallah - Tel: +970-2-2977010, Fax: +970-2-2981207/8 - P.O. Box: 1629 Email: info@met.gov.ps ; www.mne.gov.ps

State of Palestine

Cabinet of Ministers

Cabinet Decision No. (17/192/10) of 2018
Approval for Al-Najah National University Company to Receive Financial Amounts Based on the powers authorized to us by law And the Minister of National Economy And based on public interest requirements And after reviewing the Amended Basic Law of 2003 and its amendments; And the Companies Law No. (12) of 1964 and its amendments; And the Non-Profit Companies System No. (3) of 2010 and its amendments; And Cabinet Decision No. (17/99/15) of 2016 (Official Gazette) The Cabinet decided in its session held in Ramallah on (20/2/2018) as follows:

Article One

Approval is granted to Al-Najah National University "Non-Profit" Company, registered under number (562525360), to receive financial amounts, through banks operating in Palestine, according to the following table:

Project Name	Granting Institution/Funder	Financing Amount	Transfer Date
Monthly hospital revenue against its activities	Local institutions	15 million NIS	Monthly

Article Two

The competent authorities shall implement the provisions of this decision, each within its jurisdiction, and it shall take effect from the date of its issuance.

Issued in Ramallah on 20/2/2018.

[Stamp: Cabinet of Ministers - State of Palestine]