Ari Real Estate to Buy Back Shares Worth $8 Million

Ari Real Estate, led by Tzachi Abu, announced a plan to repurchase up to 30 million shekels (approximately $8 million) worth of its ordinary shares, citing current low stock prices as an attractive investment opportunity. The buyback program is scheduled to commence on November 17, 2026, the trading day after the company releases its third-quarter financial reports, and is expected to continue for approximately six months, concluding on May 16, 2027. The repurchases will be conducted directly on the stock exchange or off-exchange and will be funded entirely from the company's own resources, without external financing or loans.

The company's board of directors confirmed that the buyback meets the legal requirements under Israel's Companies Law, including solvency and profit tests. As of June 2026, Ari Real Estate had distributable profits of approximately 243 million shekels. A financial analysis indicated that the buyback would not jeopardize the company's ability to meet its obligations or its bond covenants.

Ari Real Estate explained that share buybacks are a common capital market practice used to deploy surplus capital and profits to enhance shareholder returns. The company views the current market conditions and stock prices as a "worthy investment opportunity" for a portion of its cash reserves. This initiative follows a consistent strategy, as the company approved four previous buyback programs in 2024. Ari Real Estate anticipates that this buyback will not significantly alter the ownership stakes or rights of its stakeholders.