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An announcement from Kardan Real Es ( (IL:KARE) ) is now available.
Kardan Real Estate Investment Company Ltd. has announced the sale of land in Tel Aviv as part of its strategy to divest non-core assets and concentrate on its primary business activities. This transaction, approved by the board and expected to conclude by the end of Q1 2025, will significantly reduce the company’s debt and improve financial stability. The proceeds will be used to develop core business areas, reinforcing Kardan’s market position and enhancing shareholder value.
More about Kardan Real Es
Kardan Real Estate Investment Company Ltd. operates in the real estate industry, focusing on investment and development. The company primarily engages in activities related to the acquisition, development, and management of real estate assets, with a strategic focus on enhancing shareholder value through core business operations.
YTD Price Performance: 13.68%
Average Trading Volume: 126,774
Current Market Cap: ILS1.19B
See more insights into KARE stock on TipRanks’ Stock Analysis page.