Major deal on the Tel Aviv Stock Exchange: 35 million shekel share buyback
A technology company operating in the global chip market is launching a share buyback program. The board of directors determined that the move constitutes a sound business opportunity that serves the best interests of shareholders.
Qualitau, which develops and manufactures testing systems for the chip and semiconductor industry, has announced the adoption of a share buyback program. The company's board of directors stated that the move expresses absolute confidence in its business and will be funded through existing liquidity sources, without impacting ongoing operations or the implementation of strategic goals.
The buyback program is expected to cover shares totaling approximately 35 million shekels. Prior to approval, the board of directors verified the company's compliance with the distribution criteria set by the Companies Law. As of the financial statements for mid-2026, the company holds a balance of profits available for distribution amounting to approximately 206 million shekels. It was further determined that the move would not impair the company's ability to meet its financial obligations.
Qualitau, which is traded on the Tel Aviv Stock Exchange, provides end-to-end solutions for testing the reliability of microelectronic components. The company's systems assist chip manufacturing plants in validating advanced technological processes. There is currently growing demand for these solutions, particularly in the fields of artificial intelligence, data centers, silicon photonics, and electric vehicles.
The company currently operates on a global scale, including the USA, Europe, the Far East, and Israel. The board of directors concluded that the implementation of the buyback program constitutes a clear business opportunity that serves the best interests of the company and its shareholders.
