The TA-35 index includes the leading sectors on the stock exchange that represent the Israeli economy, including technology companies, biomed, banking, real estate, insurance, trade and services and industry, with a total value of approximately NIS 485 billion.
OPC Operates in the field of electricity generation and its supply to private customers and the IEC, including the initiation, development, construction and operation of power plants and facilities for energy production.
The company was listed for trading in August 2017 and raised approximately NIS 400 million at a market value of approximately NIS 1.65 billion. Its current market value is 4 times the issue date and stands at approximately NIS 7 billion, with a share return of approximately 230% from the date of the issue.
Ashtrom Group And the group’s companies are engaged in initiating residential construction projects, carrying out construction and infrastructure works for the public and private sectors, initiating the construction and rental of income-producing properties, manufacturing raw materials for the construction industry, and concession planning and construction projects. The company is one of the leading companies in the fields of construction and real estate in Israel.
The company was established in 1963 and in 2014 issued on the stock exchange and raised about NIS 270 million in the issue of shares, at a value of about NIS 1.3 billion and about NIS 1.2 billion in the issuance of bonds. Its current market value is almost 5 times the issue date and stands at approximately NIS 6.3 billion, with a share return of approximately 515% from the date of the issue.
Giora Almogi, CEO of OPC Energy said that: “This is a very exciting moment for me, since only about four years ago we first issued OPC Energy on the Tel Aviv Stock Exchange, and today we mark a significant milestone with the company’s entry into the leading stock exchange index, the Tel Aviv-35 Index.
For the past four years, the company has worked to expand its business activities, as the first and leading private electricity company in Israel. Upon entering 2021, the company completed a significant move, in which we acquired control of the American company CPV, which operates in the fields of electricity and renewable energy in the United States, and we intend to expand our operations in the United States in the coming years.
Thanks to the stock exchange and the capital market, we raised a significant amount of NIS 2.7 billion last year, and through it we will accelerate OPC’s growth in Israel and abroad. We intend to continue to cultivate the relationship with the capital market in the future
I would like to thank the stock exchange and the investing public for the great expression of trust, our partners along the way, and of course all the dedicated management and staff who work day and night, especially during this challenging period. “
Rami Nussbaum, chairman of the Ashtrom board of directors, added that“This is a special milestone for the Ashtrom Group, which was founded in 1963, was listed on the Tel Aviv Stock Exchange in May 2014, and is now entering the Tel Aviv-35 index.
The company’s entry into the prestigious stock exchange index is a result of consistent growth in the volume of the group’s activity over the years, along with the confidence that the capital market has in the company’s management, and in the success of its business strategy.
Ashtrom’s strategy, which ensures optimal synergy for the group’s companies in a way that will provide a comprehensive package of solutions for each project in Israel and around the world, is that allows us to continue to face major and significant challenges in the Israeli and global economy.
I would like to take this opportunity to thank the management of the stock exchange, the investing public and our dear partners for expressing their confidence throughout, and most of all I would like to thank the company’s management team and the dedicated employees without whom we would not be here today. “
Sharon Lavie, director of the trading and indices unit at the stock exchange, added that: She congratulates the two companies on their entry into the Tel Aviv-35 index. “Your entry will allow the Israeli public to continue to be exposed to you, also through the pension funds and provident funds, most of which are exposed to the stock exchange’s flagship indices. We wish the two companies to continue to grow, grow and develop in their respective fields, for the benefit of the investing public and the entire Israeli economy. ”
Pictured top right to left: Giora Almogi, CEO of OPC Energy; Rami Nussbaum, Chairman of the Board of Directors of Ashtrom and Sharon Lavie, Director of the Trading and Indices Unit at the TASE.
Photo credit: Stock Exchange.