Av-gad

Av-Gad and Barak Financials are nearing completion of a 49 million shekel partnership deal after receiving tax authority approval for urban renewal projects.

After bringing Barak Finance into its structure, the company is looking for partners and may bring in institutional investors. The board of directors determined that despite the negative cash flow, there are no liquidity problems. The company published its reports for the second quarter, which show that the company sold 32 apartments in the quarter, compared to 10 in the previous quarter.

Barak Finance will invest about 49 million shekels and hold 49% in a new company with Av-Gad, which will take on 24 projects in the center of the country. Bank Hapoalim is investing about half a million shekels in establishing a community space, a cafe, and a workspace at Hermon Square in Kiryat Shmona. And Samsung will launch a web series in addition to a fashion campaign to promote its new...

The conflict surrounding the "Ir Kinneret" mega-project in Tiberias is escalating. Landowners are threatening to sue Av-Gad directors personally, claiming they approved the project without financial backing.