The Board of Palestine Telecommunications Company P.L.C (PLSE:PALTEL) agreed to spin-off of real estate assets and investment portfolio on November 4, 2021. Pursuant to the terms, Palestine Telecommunications Company P.L.C. shall spin-off real estate assets and investment portfolio into a new company and once procedures of establishing the new company are completed, each shareholder at Palestine Telecommunications Company P.L.C. will receive another share in new company. The Board of Palestine Telecommunications Company P.L.C., recommends the transaction.