Category: NIS
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Little-known hedge fund makes NIS 700m gain on TASE shares
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Buying stocks on the Tel Aviv Stock Exchange (TASE: TASE) has proven to be a very successful investment in the past few years, much more so than on its major indices, or on any other exchange. The stock price of the Tel Aviv Stock Exchange, which is among the stocks…
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Tel Aviv penthouse sold for NIS 20m
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A penthouse apartment under construction as part of a historic building at Kaplan Street 6 in Tel Aviv has been sold for NIS 20 million in bare shell form. The 200 square meter apartment on the eighth floor in Beit Hazofer will have a 49 square meter balcony overlooking Itamar…
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Allied Group to pay Amir Shaltiel NIS 200m for Metropolis stake
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Metropolis implements urban renewal projects in central Israel. The value of the deal is estimated at 800 million shekels. The boom in residential construction in Israel, and in urban renewal in particular, has led to an interesting departure. Amir Shaltil, founder and chairman of Eldar Group, which works in the…
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Pomvom secures NIS 19.7m in private placement
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Pomvom (TSE: PMVM) is moving towards realizing its vision of becoming the leading technology player in the digital experiential documentation market at theme parks by completing a private placement, raising NIS 19.7 million (about $5.3 million) through an allocation to institutional investors . The offering was led by Mor Investment…
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Timora buys Kiryat Ata mall and offices for NIS 134m
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Income-generating real estate fund Temora acquired a shopping center and office complex in Kiryat Ata city center near City Hall for NIS 134 million. The building is being sold by the Kfir Group, owned by Avi Ohayon. The complex was originally built by Azrieli Group (TASE: AZRG). The building’s main…
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Cannabis co InterCure raising NIS 66m for Nir Oz facility
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Medical cannabis company InterCure (TASE: INCR, Nasdaq: INCR), headed by Ehud Barak (Chairman of the Board of Directors) and Alexander Rabinovich (CEO), announced that it has raised NIS 66 million, with an option to increase the amount to NIS 107 million. Rehabilitation of its facility in Kibbutz Nir Oz in…
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Ashot Ashkelon wins NIS 146m Defense Ministry order
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Ashot Ashkelon Industries Limited (level:Let’s say), controlled by FIMI Opportunity Funds, received an order worth NIS 146 million from the Israeli Ministry of Defense Procurement Department for the manufacture and supply of 1,200 hp transmissions. At the end of the third quarter of 2024, the value of Ashot Ashkelon’s backlog…
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Bezeq chairman: Over NIS 2b infrastructure investment during war
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Speaking to Globes news editor Bar Lavi, Bezeq Chairman Tomer Ravid spoke at the Globes Israel Business Conference about the company’s investments in infrastructure since the beginning of the war, competition in the telecommunications market, and Israel’s position as a geographical bridge between… East and West. . Lavie said that…
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2025 budget bill gives Ben-Gvir extra NIS 2b
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The state budget for 2025 was presented to the Knesset today, ahead of its first reading next week. It contains fundamental changes from the original budget proposal approved by the government a month ago. One of the most notable changes occurred in the budget of the Ministry of National Security…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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Paz sells real estate assets for NIS 127m
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Paz Retail and Energy (TASE: PAZ) announced today that it has sold land and logistics assets for a total of NIS 127 million to Egged Real Estate, the real estate arm of Egged Transportation and Keystone Infrastructure Fund (TASE: KSTN), and Nadav Corporation. for. Logistics services. Three assets are the…
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Treasury short of NIS 30b as budget deadline nears
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After two and a half months, and assuming no further delays, the 2025 state budget will be submitted to the government for approval this Thursday. Although there is little time left, the package of measures presented by Finance Minister Bezalel Smotrich aimed at narrowing the fiscal deficit is still full…
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Defense Ministry signs NIS 2b laser defense system deal
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Director General of the Israeli Ministry of Defense, General Eyal Zamir (res.), last night signed an order worth NIS 2 billion to expand serial production of Iron Beam – the first laser interceptor system developed by Israel. As part of the agreement concluded between the Directorate of Defense Research and…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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Aaron Frenkel invests NIS 800m in Alony Hetz
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Aaron Frenkel has shown an impressive ability in recent years to spot investment opportunities on the Tel Aviv Stock Exchange to generate huge gains for himself. This was the case in the case of the drone company Aeronautics, and especially in the case of the income-generating real estate company Gav-Yam…