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The management of Amanet Management & Systems opened the trading this morning (February 20, 2019) on the occasion of the 25th anniversary of its listing on the Tel-Aviv Stock Exchange (TASE).
Amanet has been in existence for almost 50 years. It was founded in 1970 by three partners Avraham Asaf, Elan Shaham and Shmuel Bar-On, who are still managing the company. The company’s revenues in the first half of 2018 totaled NIS 190 million.
Avraham (Lulu) Assaf, Chairman of the board of directors of Amanet: “I am proud and excited to be marking 25 years of Amanet being a public company and the Golden Jubilee of the founding of Aman. Amanet Group is an exceptional success story that started as the dream of three industrial and management engineers whose leading intention was to promote engineering and management projects in Israel. The IPO on the Tel Aviv Stock Exchange enabled Amanet to establish its position as the sole systems house in Israel and to lead hundreds of projects in Israel, some of which are the most significant national projects that the state has seen, including the building of the city of Yamit, projects for the Ministry of Defense, the building of Terminal 3 at Ben-Gurion Airport, a housing project for hundreds of thousands of new immigrants from the former Soviet Union, as well as major projects around the world, such as: a project with the World Bank, IT services in Eastern Europe and, in the last two years, the company’s entry into the cyber sector. Amanet currently employs 2,500 people in an organizational structure that matches the largest systems houses in the world with a full-service solution in the fields of software, logistics services and outsourcing. Amanet has shown consistent growth over the years, while posting profits and allowing investors to share in the profits by means of a fixed dividend policy. In its strategic approach, which is based on diversified operations, a cautious and meticulous business policy, considerable management experience and financial stability, the company’s employees and managers have prevailed in leading Amanet’s march to success. I am sure and certain that the significant competitive and the business advantages that we have amassed over the years will ensure the company’s continued success for many years to come”.
Shmuel Alfasi, CEO of Aman Organization and Management Sciences Consultants: “In the name of Aman, the oldest company in the Amanet Group and currently celebrating its Golden Jubilee, in my own name and in name of all the Group companies, their employees and their managers, I would like to congratulate the Amanet Group on the occasion of marking its 25th anniversary of being listed on the Israeli Stock Exchange. May the Group continue to lead, to be a partner in national projects and to be an influential player in the growth of the Israeli economy”.
Anat Geron, Listing Companies Compliance Unit Manager: “Amanet is one of the few companies on TASE that has never made a loss in any year since its IPO. The company has had a dividend distribution policy for many years, whereby it distributes 75% of its profits and, since being listed on TASE, it has distributed dividends totaling more than NIS 160 million. The company’s shares included in the TA-Growth Index and the return on the share over the last 10 years stands at 630%. The role of TASE is to assist companies like Amanet to grow and develop and Amanet is indeed a strong and stable company that, over the years, has benefited its investors, employees thousands of workers and hence contributes greatly to the Israeli economy. I wish the company further success and many more years of fruitful trade on the Tel Aviv Stock exchange”.
Pictured (from right to left): Amnon Neubach, Chairman of TASE’s board of Directors; Shmuel Alfasi, CEO of Aman Organization and Management Sciences Consultants; Elan Shaham, Director of Amanet Management & Systems; Avraham (Lulu) Asaf, Chairman of the board of directors of Amanet Management & Systems Group; Shmuel Bar-Or, CEO of Amanet Management & Systems Group; and, Anat Geron, Listing Companies Compliance Unit Manager.
Photo credit: Guy Assiag, for no financial consideration.
