Ampa Group, managed by the Nakash brothers (49%) and Shlomi Fogel (25%) have printed a public prospectus for one of many greatest IPOs on the Tel Aviv Inventory Alternate (TASE) lately. Different shareholders within the firm embrace Yehoshua Wolf, Naftali Tzeder and Avi Hormaro. The dimensions of the deliberate providing has not but been printed however market sources imagine that Ampa Group will attempt to increase NIS 700-800 million at an organization valuation of NIS 3-3.5 billion.
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Most of Ampa Group’s actions are in revenue producing actual property together with Electra Tower in Tel Aviv overlooking the Ayalon Freeway. The properties have been constructed over time on the land owned by Ampa and Amcor, two of Israel’s historic firms. Ampa additionally holds a stake in workplace area leasing firm WeWork Israel in addition to agricultural firms Agrexco and Carmel and non-bank financing firm Ampa Capital, led by former senior banker Yuval Gavish.
In 2024, Ampa Group’s income totaled NIS 707 million, down 15% from NIS 829.7 million in 2023, primarily because of decrease gross sales of residences. Nonetheless, the group’s working revenue rose 25% to NIS 414 million, because of an upward reevaluation of Ampa’s property. Internet revenue in 2024 rose 43% to NIS 140 million.
The prospectus reveals the beneficiant remuneration to the corporate’s senior executives. CEO Zohar Levi obtained a “modest” NIS 3.9 million in 2024 whereas chairman Shlomi Fogel obtained NIS 7.87 million. Wolf who owns an 11.25% stake within the firm was paid NIS 7.93 million and Tzeder, who additionally holds an 11.25% stake, obtained NIS 7.82 million. Hormaro, who owns a 2% stake and serves as chairman of Ampa Actual Property, was paid NIS 7.86 million final yr – in different phrases these 5 senior executives obtained NIS 35.4 million. Most of those wage funds had been in bonuses.
Printed by Globes, Israel enterprise information – en.globes.co.il – on Could 8, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
