The management of Keystone opened trading this morning (May 7, 2026) on TASE to celebrate the company’s inclusion in the TA-90 flagship Index, just five years after its initial IPO.
Keystone is one of three infrastructure investment funds listed on TASE and is the largest of its kind, with a market capitalization of approximately NIS 4.4 billion. The fund enables the Israeli public to directly participate in investments in the country’s infrastructure.
Keystone went public in June 2021 at a post-money valuation of NIS 600 million, and its value has since grown to approximately NIS 4.4 billion. Since the beginning of the year, the company’s share price has risen by approximately 120%, following an increase of about 73% in the previous year. At the same time, Keystone has distributed quarterly dividends totaling nearly NIS 300 million to investors since its IPO.
The total market value of the TA-90 Index currently stands at approximately NIS 500 billion.
Navot Bar, CEO of Keystone, said: “Joining the TA-90 Index just five years after our IPO is far more than a financial milestone—it is a strong vote of confidence in the path we have chosen to lead. Keystone was established מתוך a vision that the Israeli public should have direct access to infrastructure and energy assets that shape Israel’s economic future. Now, as Keystone becomes part of the flagship index of Israel’s capital market, we see this as a responsibility to continue building, developing, and investing in long-term, nationally significant infrastructure—across transportation, energy, communications, and data centers. We thank our investors for their trust and remain committed to generating value, stability, and long-term growth.”
Yaniv Hirsch, Head of Index Marketing at the Tel Aviv Stock Exchange, said: “Within just five years of its IPO, Keystone Infra has succeeded in entering the flagship TA-90 Index. The company’s inclusion will enable broader exposure through the public’s savings, pension funds, and provident funds—many of which track TASE indices. This represents a strong vote of confidence from the capital market and investors in the company and its direction. I wish the company’s management and employees continued growth and success—for the benefit of investors and the Israeli economy.”
In the Picture: Navot Bar, CEO; Rachel Segal, Keystone Deputy CEO ; Yaniv Hirsch, Head of Index Marketing at TASE; and Keystone employee.
Photo credit: Ilanit Kitzoni – free of charge.
