To Mark the Listing of its Shares and Bonds, the Yaacobi Group’s Management Rang the Bell to Open this Morning’s Trading

​This morning (December 13, 2017), the management of YSB - the Yaacobi Brothers Group rang the bell to open trading on TASE to mark its TASE offering of shares and bonds.

Within the framework of the offering, the group raised in excess of NIS 91 million from the issuance of shares and in excess of NIS 73 million from the issuance of bonds.

YSB - the Yaacobi Brothers Group is considered to be one of the leading players in the infrastructure and business entrepreneurship sector in Israel. The group, which began as a small family company from the south of the country, has become – in the course of three decades – the leading group for projects in a range of sizes in Israel and overseas. The group’s activities focus on planning and performing projects in Israel and overseas as a construction contractor in a number of main spheres: the electronic sector, the traffic sector, and control and security; it also provides system maintenance services.

Pini Yaacobi, co-owner of the group: “It is an enormous privilege for us to have earned the trust and recognition of leading institutional investors and we will act with total responsibility to preserve this trust. We will make every effort to realize the business potential, while maintaining our technological and managerial lead and innovativeness for the benefit of all our company’s shareholders”.

Amir Yaacobi, co-owner of the group: “The offering is particularly exciting for us, especially as it is taking place during the festival of Hanukkah, which is traditionally known as a time of good tidings and bright lights. The group, which was founded by our father more than 30 years ago with just a little bit of special oil, has grown and blossomed into a burning beacon. We are committed to continuing to work with even greater vigor toward making this beacon, representing our infrastructure projects, illuminate the lives of millions of Israeli citizens over the coming decades”.

Hani Shitrit Bach, EVP and head of TASE’s Listings & Economics Department: “Yaacobi Group is the 18th company to list on TASE this year; since receiving its listing, there have already been other offerings bringing the total for the year to 20 new IPO's – the highest number since 2010.

The company’s shares are expected to enter the TA-Growth Index, the TA-All Share Index and the TA-Real Estate Index at the end of the trading day on  1 February 2018. Research studies show that family companies are more committed to their business and therefore attain better results. I wish you continued success and hope that you manage to prove that the research is correct”.