Management of Yaaz Urban Renewal opened trading this morning in celebration of its listing on TASE.
Yaaz Urban Renewal is one of the 18 companies that have chosen to perform a share-IPO on TASE since the beginning of the year. At this challenging time, each successful IPO serves as a powerful testament to the robustness and resilience of the local capital market.
With over a decade of activity in urban renewal, Yaaz Urban Renewal is now recognized as a leading force in Tel Aviv, boasting a portfolio of more than 80 National Development Plan (TAMA) 38 and Removal and Construction projects.
Yaaz’s potential is further substantiated by robust financials: annual revenues surpassing NIS 50 million and a post-IPO market capitalization of NIS 240 million, achieved after a successful NIS 43 million capital raise.
Tomer Raifman, CEO and owner of Yaaz Urban Renewal: “The Initial Public Offering of Yaaz Urban Renewal marks a significant milestone in the Company's evolution and reflects the profound confidence the market places in our operations. Over the past decade, we have cemented our position as a leading player in Tel Aviv's urban renewal sector, building a robust pipeline of dozens of projects across various stages, all while forging strong partnerships with tenants, municipal authorities, and the banking system. Our listing on TASE will empower us to sustain this growth trajectory, expand our scope of activity, and contribute meaningfully to shaping the urban landscape and housing solutions in Israel. As a public company, we are committed to generating continuous value for our investors through responsible, transparent management focused on long-term growth."
Tom Alhadif, Head of Sales and Market Development at TASE’s Economic Department: “Close to one-third of all capital raised in public offerings in 2025 was raised by Real Estate and Construction companies. This trajectory underscores the robust momentum of the sector, positioning it as a key engine for the continuous growth of the Israeli economy. TASE’s Construction Subsector currently comprises 55 shares with a combined market capitalization of NIS 94 billion. I extend my wishes for continued success, prosperity, and growth to the company, its employees, and its shareholders, for the benefit of its clients, investors, and the Israeli economy."
In the photograph: Tomer Raifman, CEO and owner of Yaaz Urban Renewal; Ron Klein, EVP, Head of the Economic Department at TASE; Tom Alhadif, Head of Sales and Market Development at TASE; and employees of Yaaz Urban Renewal.
Photography credit: Vered Farkash, authorized for use for no consideration.
