Managements of the 35 companies included in TASE “100 Club” in 2024 opened trading on TASE this morning.
On 2023 TASE launched the “100 Club”, which includes companies with a market cap exceeding NIS 200 million, that have achieved a share-yield of more than 100%. TASE publishes the list of Club constituents in 2024, which includes 35 companies, compared to only 13 companies in 2023.
The highest share-yield in 2024 was achieved by Prime Energy, a renewable energy company, with an increase of 574%. Multi Retail, which operates retail chains such as Ace, AutoDepot and Beitili, achieved a yield of 417% in 2024. In addition, six companies achieved a share-yield in excess of 200%.
Five companies were awarded 5 stars top rating, which have achieved a positive yield in each of the past three years: El Al, Bet Shemesh, Teva, Navitas Petroleum and TASE, as compared to only one company awarded the 5-star top rating in 2023.
Arie Zilberberg, Chairman of the Board of Directors of Prime Energy, said: “Prime Energy is proud to be the top-yielder in 2024, which reflects a vote of confidence in its capabilities. Solar energy companies are by nature more solid and stable than rental property companies. We build rental property with set rates for decades ahead, and with Triple A customer.”
Ram Drori, CEO of Bet Shemesh Engines, said: “We, are thrilled to be selected as the highest yielder of the “TASE 100 Club” in the last 3 years. . Bet Shemesh Engines was founded 57 years ago, and we are proud of our successful representation and advancement of Israeli industry and our contribution to national securtity. A significant point of pride for our company is our ability to maintain undisrupted activity, despite the challenges of the past year, and meet the strictest quality requirements of our local and global customers. We are proud of our dedicated employees, who are integral to the continued success and development of the company in the next 57 years and beyond. Bet Shemesh Engines thanks all investors for showing confidence in our company and contributing to our success”.
Dina Ben Tal Ganancia, CEO of El Al, said: “In this challenging year, El Al maintained Israel’s air connectivity under extraordinary operational and security constraints. We are proud to have flown more than 6.5 million passengers and tens of thousands of tons of essential cargo to and from Israel. We have demonstrated the crucial contribution of Israeli aviation to national infrastructure and economic strength. We are proud of our achievements this year - last May we entered the TA-125 index for the first time, and now we are excited to be awarded the 5-star top rating and included in TASE “100 Club”, thanks to the yield that El Al has generated for the investors. The investors’ confidence in the company was also reflected in the financing of the Dreamliner purchase by Israeli banks and the international institutional investments infused into the company. The streamlining measures that we have implemented in the company, alongside significant agreements with the employees’ committees, were instrumental to the growth of the company and to its share activity. I would like to thank the El Al staff in Israel and worldwide for their essential role in maintaining continuous air connectivity and taking the company to new heights. Since the beginning of the war, El Al has been providing essential services to our soldiers, the security forces and the families of the hostages. We pray for the return of all hostages, the safety of our soldiers on all fronts, and the quick recovery of the wounded.”
Tamar Rosenberg, CFO of Navitas Petroleum, said: “Navitas Petroleum is proof that vision and tenacity are essential to creating value over time. Our consistent strategy was to take advantage of high-potential opportunities with a lower risk than that customarily taken in our sector, and we have selected worthy partners, operated transparently and gained the full trust of the capital market investors. The Shenandoah Project, which is nearing production, is expected to comprehensively change Navitas Petroleum. The significant Sea Lion Project, which we are currently advancing, is also expected to enhance the business growth of Navitas Petroleum. We our proud to join the “TASE 100 Club” and thank the investors that have accompanied us on our journey.”
Hani Shitrit-Bach, EVP, Head of Listings at TASE, said: “We are proud to present, for the second year, the list of companies that entered the “TASE 100 Club”. At the end of one of the most difficult and complex years experienced by Israeli society, we are particularly proud to present the 35 companies that achieved a share-yield of more than 100% in 2024. Despite the many challenges of the past year, the companies exhibited business resilience and were quick to recover, thereby enhancing teh strength of the State of Israel and the Israeli capital market.”
In the photograph: managements of the “TASE 100 Club” constituents.
Photography credit: Vered Farkash, authorized for use without consideration.
