Investor Presentaiton
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About Israel Corp - Recent News
In January 2023, IC announced that the Board of Directors
approved the adoption of a dividend policy. IC will distribute
dividend for each calendar year starting at 2023, amounting
to 45% out of the amount received from: the total net
dividend cash flow received from its held companies for
that calendar year, less an annual amount of $75m (from
the amount of said cash flow). The actual dividend
distribution will be subject to IC Board approval.
Further to the IC's Reports regarding a transaction for the
sale of approximately 9% of the shares of Bazan on
November 2021 in which IC granted a call option to each of
the purchasers, on February 9, 2023, agreement was
reached with the purchasers regarding the exercise of the
entirety of the said options, which was implemented on
February 13, 2023, for approximately NIS 227m (equivalent to
approximately US $64m)
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