NOAP - NOAP STOCK NEWS

Welcome to our dedicated page for NOAP news (Ticker: NOAP), a resource for investors and traders seeking the latest updates and insights on NOAP stock.

Israel Corporation Ltd. (TASE: ILCO) is a distinguished public investment company known for its strategic investments in high-quality companies with robust management teams and established market positions. Founded in 1968 and headquartered in Tel Aviv, Israel, ILCO has built a diverse portfolio focusing primarily on sectors such as food technology, agricultural technology, healthcare, and Industry 4.0.

As of December 31, 2023, ILCO reported total financial liabilities of $878 million and investments in liquid assets amounting to $975 million. The company's net cash position stood at $70 million. Notably, ILCO's financial results are significantly influenced by the performance of its investees, including a 44% stake in ICL Group (NYSE: ICL, TASE: ICL) and an 18% stake in AKVA Group (OB: AKVA).

In 2023, ILCO initiated a $33 million share buyback program, which is expected to be active until March 31, 2024. Additionally, the company has adopted a dividend policy to distribute 45% of the net dividend cash flow received from its holdings, less an annual amount of $75 million. For the year 2023, ILCO's Board of Directors approved a dividend distribution of $37 million, payable on April 17, 2024.

ILCO's strategy, updated in 2019, aims to expand its portfolio through new investments, primarily targeting the aforementioned sectors. The company leverages its operational and managerial expertise to generate returns on its investments through active board participation and strategic oversight.

For more detailed financial information and updates, stakeholders can visit ILCO's official website at www.israelcorp.com or the Tel Aviv Stock Exchange website at maya.tase.co.il.