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Partner Communications Approved to Distribute NIS 500 Million Dividend
Partner Communications received court approval to distribute a special NIS 500 million dividend after repaying bondholders who opposed the move. The company plans to fund the dividend through a new NIS 750 million bond issuance, as its cash reserves were insufficient.
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What happened
- 01Partner Communications received court approval to distribute a NIS 500 million special dividend.
- 02The company repaid NIS 484 million in bonds to resolve opposition from bondholders.
- 03The dividend will be funded by a new bond issuance of up to NIS 750 million.
- 04Total dividends for 2026 could reach nearly NIS 1 billion, including a prior NIS 465 million payout.
- 05The Amphissa Group, Partner's largest shareholder, is set to receive approximately NIS 106 million.
This dividend, combined with a previous one, brings the total for 2026 to nearly NIS 1 billion. Despite the increased leverage, Partner's business operations are improving, with rising profits and EBITDA.
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