Sami Matzlawi makes an impressive move: this is how he earned 20% from an off-exchange deal

The real estate company Matzlawi reports today (Tuesday) on a transaction that indicates market confidence. The chairman of the board and controlling shareholder, Sami Matzlawi, sold about 4.5% of the company's shares (one million shares) to a third party in an off-exchange transaction. The proceeds amount to about 14 million shekels, based on a valuation of 14 shekels per share — an impressive premium of about 20% above the stock's closing price yesterday.

The background to this financial move is a specific need: the proceeds from the sale are intended to repay a loan that Matzlawi took in January 2023, when he purchased Eliyahu Knapler's stake in the company, and the repayment date for which has now arrived. Sources close to the company emphasize that this is not a decrease in Matzlawi's level of confidence, but a technical move to settle a debt. Following the transaction, Sami and Clara Matzlawi will continue to hold the controlling interest with about 55.67% of the company's shares.

The Matzlawi company, founded in 1977 and traded on the stock exchange since 2007, is known as a pioneer in the field of urban renewal and 'pinui-binui' (evacuation and construction) in Israel. Today, the company is a developer and contractor (with a G-5 contractor classification) for dozens of projects in high-demand areas, including Tel Aviv, Herzliya, Ramat Gan, and Kiryat Ono.