(0) RAMALLAH, Palestine, May 6, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) held its ordinary general assembly on Wednesday, May 5, 2021, in Ramallah, Palestine. In its meeting, the general assembly ratified dividend distribution for registered shareholders as of May 4, 2021, of 16.65% of APIC's paid-in capital amounting to USD 96.2 million to date, 7.5% as cash dividends amounting to USD 7.215 million and 9.147 % as 8.8 million in bonus shares. Accordingly, APIC's paid-in capital will reach USD 105 million following the bonus share distribution. Net profit attributed to APIC shareholders grew by 11% in 2020 In his statement, Chairman and CEO of APIC Tarek Aggad spoke of the consequences of the coronavirus pandemic, which caused disruptions to businesses and its consequent negative impact on global economic activity. However, he noted that APIC's management was able to respond rapidly, effectively, and decisively to the challenges of the coronavirus crisis from its onset, forming a planning and oversight committee to supervise business continuity for all the group's companies during the emergency phase that worked to prioritize the safety of all employees and customers, ensure the stability and efficiency of operations and maintain customer services. Accordingly, these measures were instrumental in mitigating the impact of the pandemic on the consolidated results of the group in 2020, and furthermore, the group reported a good year-on-year growth rate. Total revenues reached USD 958.2 million in 2020, a growth of 16% compared to 2019. The group's net profits grew by 12.8% to reach USD 24.64 million, while net profits attributed to APIC shareholders rose by 11% and amounted to USD 19.86 million. Consequently, earnings per share increased to reach 21 cents in 2020, a growth of 10% year on year.