5 April, 2001

Structural Reorganization in Paltel

Recognizing the new role, which Paltel is preparing to assume per a comprehensive enhancement of offered services, a full integration with global telecom advancements and a total adaptation with the current challenges affecting the region, Paltel's Board of Directors, has had serious decisions during its last session. The assignment of both Mus'ab Khourma; Paltel's CFO & previously a key person at Fast Link/ Jordan with lengthy experience in the field of telecommunications in the USA. And Abdel Rahman Omar, CEO at Alkan Communications in Egypt with applied experience exceeding 30 years in the field of telecommunications industry basically in Canada, as Executive Vice Presidents was on top of the Board's agenda. This decision was the first issuing approved by the new Executive Council formulated during the same meeting in which Zahi Khouri is its chairman with the membership of Walid Najab and Mazen Abu Hamdan.

Separating Jawwal, Palestine Cellular Company, from the mother company Paltel was the Board's second major accomplishment. This decision hits directly at giving Jawwal the desired independence aiming at a faster strategic development. It is worth mentioning that Paltel still owns a 65% share of Jawwal.

Paltel's Bylaw regarding incentives, bonuses and performance evaluations has had a share in the changes, as part of the total organizational upgrading policy targeted by Paltel currently.