Billionaire Nati Saidoff Sells Major Stake in Shikun & Binui

Billionaire Nati Saidoff is selling shares in the real estate and infrastructure company Shikun & Binui for NIS 500-600 million (approximately $135-160 million). The sale involves at least 5% of the company's shares, which will reduce Saidoff's ownership to around 30%. Saidoff currently holds 35% of Shikun & Binui, valued at approximately NIS 4 billion ($1.08 billion).

The share distribution is being managed by Zvi Mans, CEO of Barak Lavi Underwriting. The sale is being conducted at a 5% discount to the market value of the shares.