Shikun & Binui Chairman Sells 4% Stake, Stock Dips
Nati Saidoff, Chairman of Shikun & Binui, has sold 4% of his shares in the company to institutional investors for NIS 450 million. The sale was executed at a discount of 4.5% compared to the previous day's closing price, leading to a 4% drop in Shikun & Binui's stock price in response.
Following the transaction, Saidoff's ownership in Shikun & Binui has decreased to 31.5%. The company's stock has seen an 8.5% increase year-to-date, with its current market capitalization standing at NIS 11.6 billion.
Barak Leumi Hatmim was the entity that facilitated this share sale.
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