Tadiran took part in a festive opening bell ceremony, attended by Tadiran and TASE managements, to mark 25 years of listing on the Tel Aviv Stock Exchange, and joining the MidCap-50 Index.
Moshe Mamrud, Tadiran Holdings CEO and controlling shareholder, said: "I am proud and excited to head a company, whose first public offering in the Tel Aviv Stock Exchange was held in 1991, and is thereby marking 25 years of listing on the TASE. In my opinion, the results of the British referendum reflect a protest of Britain's outlying areas against London. We, who live in Tel Aviv, must take care of Israel's outlying areas, so they can flourish and move forward."
Amnon Neubach, Chairman of the Board of the Tel Aviv Stock Exchange, followed Mamrud's suit, saying: "Our duty at the TASE is to enable companies to raise money in order to invest it in the outlying areas."
Sraya Orgad, Senior Vice President and Director of Strategy & Business Development at the TASE, said: "The company's market value during its public offering 25 years ago was approximately NIS 30 million, whereas today its market value is more than NIS 600 million. The return on stocks in 2015 was 162%, and since the beginning of 2016 there has been a 40% return on stocks."
Pictured (right to left): Amnon Neubach, Chairman of the Board of the Tel Aviv Stock Exchange; Nofar Mamrud, Tadiran Marketing Director; Moshe Mamrud, Tadiran Holdings CEO and controlling shareholder, Moran Mamrud, Vice President-Strategy at Tadiran; and Sraya Orgad, Senior Vice President and Director of Strategy & Business Development at the TASE.
Photo, free of charge: Guy Assayag.
