Shufersal Management Participates in the Opening Bell Ceremony to Mark 40 Years of Trading on the Tel Aviv Stock Exchange

Press Release
09/12/2020
 

Tel Aviv, December 9, 2020 - Management of Shufersal opened trading to mark 40 years of the share's listing on the Tel Aviv Stock Exchange. 

Since opening its first store on Ben Yehuda street in Tel Aviv in 1958, Shufersal has grown into the largest supermarket chain in Israel, with 380 branches nationwide. The company also operates in the investment property sector.

 

With 17,000 employees and more than 600 thousand customers holding the Shufersal membership credit card, the company generated sales of NIS 11.4 billion in the first nine months of 2020.

 

The current market cap of Shufersal is NIS 6.2 billion and its share are included in TASE's TA-35 and TA-125 flagship indices.

 

Shufersal Chairman, Yaki Vadmani, and CEOof Shufersal, Itzik Abercohen, said: “Today's event is a milestone in Shufersal's 40 years of journey with TASE, during which we have grown into the largest and top retailer in Israel, with diverse activities and achievements. We will continue to pursue the success and leadership of the company, in order to create value for all stakeholders in the company and for the advancement of Israel's retail sector."

 

Hani Shitrit Bach, EVP and Head of Listings at TASE, said: “This long-standing company is a cornerstone of Israel's retail sector. Shufersal is an example of a company that has grown and expanded with the Tel Aviv Stock Exchange, reaching its flagship indices, thereby enabling the public to partake in the company success."

 

 Shufersal Management Participates in the Opening Bell Ceremony

 

In the picture from right to left: Ittai Ben Zeev, TASE CEO; Tali Huber, CFO of Shufersal; Itzik Abercohen, CEO of Shufersal; Yaki Vadmani, Chairman of Shufersal; and Amnon Neubach, Chairman of the Board of Directors of TASE.

 

Photography credit: Chen Galili.  The photo is free of charge.