Regulatory Alerts2025-01-01
Circular No. 41/2025 - Al-Khalil Governorate Electricity Company
The Palestine Monetary Authority issued Circular No. 41/2025 to all banks operating in Palestine regarding the Al-Khalil Governorate Electricity Company. The circular instructs banks to stop accepting signatures from Nasri Muhammad Ziyad Ahmad Abu Rajab Tamimi as an authorized signatory for the company's bank accounts. This directive follows a formal request from the Companies Registrar at the Ministry of National Economy to halt his signing authority.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority
Circular No. (41 / 2025) To all banks operating in Palestine Date: Tuesday, May 13, 2025
Subject: Al-Khalil Governorate Electricity Company
We wish to inform you of the receipt of a letter from Mr./the Companies Registrar at the Ministry of National Economy requesting the cessation of the signature of Mr./Nasri Muhammad Ziyad Ahmad Abu Rajab Tamimi, holder of ID number (905662029), as an authorized signatory for the bank accounts of the Al-Khalil Governorate Electricity Company.
Accordingly, compliance with the above is requested.
Supervisory Group Palestine Monetary Authority