Ari Real Estate Approves 30 Million Shekel Share Buyback Program
Ari Real Estate approved a share buyback program of up to 30 million shekels, starting November 2026, funded entirely through internal cash reserves.
Ari Real Estate is capitalizing on its low share price by launching a new buyback program. The company's board of directors has approved the repurchase of its ordinary shares for a total financial scope of up to 30 million shekels.
The program is scheduled to commence on November 17, 2026, which is the trading day following the publication of the financial reports for the third quarter of the year. The initiative is expected to last for approximately six months, concluding on May 16, 2027. Purchases will be executed directly on the stock exchange or off-exchange, funded entirely through internal corporate sources without any external financing or loans.
The board emphasized that the repurchase complies with the distribution tests set forth in the Companies Law. The company holds distributable profits of approximately 243 million shekels and has confirmed through solvency analysis that the move will not impair its ability to meet debt obligations or financial covenants.
Management explained that share buybacks represent a standard global capital market practice to utilize capital surpluses and generate shareholder value. Current market conditions and share prices present a viable investment opportunity for a portion of the company's cash reserves.
