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Legal structure and shareholders

Reef Finance was registered as a not-for-profit company in Gaza on June 2, 2007 under the registration number of 563143734, working in the West Bank and Gaza. Reef Finance was registered with a capital base of USD 100,000 and by the end of 2008 $96,000 has been paid-in.

The highest authority of Reef Finance is the General Assembly of shareholders (GAS) where voting is proportionate with the number of shares. The tasks and responsibilities of the GAS are defined in the Reef  Finance By-laws.

Reef Finance Shareholders are:

  • Agricultural Development Society (PARC)
  • Palestinian Farmers Union
  • Agricultural Cooperative Society of Grapes and Vegetables farmers Gaza
  • Agricultural Cooperative Society for Producing and marketing vegetables
  • Cooperative Society for Potatoes producers Beit Lahya
  • Womens Savings and Credit Cooperative Jenin
  • Womens Savings and Credit Cooperative Nablus
  • Womens Savings and Credit Cooperative Jerusalem
  • Womens Savings and Credit Cooperative Gaza
  • Womens Savings and Credit Cooperative Salfit
  • Womens Savings and Credit Cooperative Qualqilia
  • Womens Savings and Credit Cooperative Tubas
  • Womens Savings and Credit Cooperative Jericho
  • Womens Savings and Credit Cooperative Ramallah
  • Union of Savings and Credit Cooperatives
  • Youth Development Society
  • Rural Women Development Society
  • individuals
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