Management of Y.H. Dimri Construction and Development opened trading this morning in celebration of its joining TASE’s flagship index, TA-35.
Founded as a family business 35 years ago, Dimri operates in the real estate sector, focusing primarily on residential development and construction in Israel alongside income-generating real estate.
Operating out of Its headquarters in the city of Netivot, Southern Israel, Dimri has 300 employees and in the first half of 2024 garnered revenues of close to NIS 1 billion.
Dimri became a public company and joined TASE in May 2004, with a share value of NIS 200 million. Over the years, the Company has earned investor confidence and grown through capital and debt offerings to the public.
Dimri’s current market cap of NIS 7 billion propelled it into TASE's flagship TA-35 Index, making it the only construction company currently included in this prestigious index. The share’s yield over the past 5 years reached 340%.
Currently, the shares of 48 construction companies with a total market cap of NIS 65 billion are traded on TASE, alongside 120 bond series of construction companies with a total market cap of NIS 24 billion.
Ygal Dimri, CEO and owner of Y.H. Dimri said, "Joining the TA-35 index is a significant and proud moment for us. As a company that started in Netivot three decades ago, Y.H. Dimri has come a long way—from a small local venture to managing and executing large-scale projects nationwide. This achievement reflects our vision, confidence in the Israeli market, dedication, and our commitment to quality, safety, and advanced technology. We see it as one more step in our continued growth as a leading Israeli real estate company."
Yaniv Hirsch, Head of Indices Marketing at TASE, said, "The company's inclusion in TASE's flagship indices enables the Israeli public to continue gaining exposure to your firm through public savings, pension and provident funds, which are largely invested in the TASE indices. The investing public has demonstrated its confidence in the company, which benefits from your success, even more so now that you have joined the TA-35 Index. We wish you continued growth, expansion, and advancement in your field. May you continue to realize your vision of building and developing Israel and creating jobs, for the benefit of investors and the Israeli economy."
In the picture from right to left: Ygal Dimri, CEO and Owner of Y.H. Dimri; Nurit Tvito, Deputy CEO of Y.H. Dimri; Hezi Dimri, VP of Dimri Residential Division; Amir Cohen, CMO of Y.H. Dimri; employees of Y.H. Dimri; Yaniv Hirsch, Head of Indices Marketing at TASE, and Ittai Ben Zeev, CEO of TASE.
Photography credit: Vered Farkash. Authorized for use for no consideration.
