Phoenix Finance

The core profit of Phoenix grew 10% above expectations, asset management activity jumped 36%, and the company is returning 62% of the half-year profits to shareholders. Phoenix is also increasing its share buyback program and announces that it will update its 2028 targets upwards.

The American investment fund Affinity Partners, led by Jared Kushner, has sold 2.5% of its holdings in Phoenix Finance for 1.05 billion shekels. The American firm Fidelity acquired the largest portion of the sold shares.