The Prospectus Reveals: Barzani Will Distribute a Huge Dividend, Owners' Salaries Will Soar

Infrastructure company Y.D. Barzani has filed a prospectus for an initial public offering on the Tel Aviv Stock Exchange, at a valuation of 2.8-3 billion shekels. The company is expected to raise about 1 billion shekels and distribute a third of the proceeds as a dividend to shareholders. The salaries of the co-CEOs, the Barzani and Bar brothers, are expected to jump to 4.1 million shekels each.

Infrastructure company Y.D. Barzani, controlled by brothers Yossi Barzani and Dain Bar, has filed a prospectus for an initial public offering of its shares on the Tel Aviv Stock Exchange, at an estimated valuation of 2.8-3 billion shekels. The company is expected to raise about 1 billion shekels from local investors, led by underwriting firm Active of Omri Levy. The proceeds will be fully injected into the company's treasury and used for ongoing operations and strategic plans, including establishing factories, acquisitions, and expanding activities. However, a third of the proceeds (33%) will be distributed as a dividend to shareholders after the offering. The company forecasts that it will end 2026 with revenues of about 1.06 billion shekels and a net profit of about 113 million shekels. The salaries of the co-CEOs, the Barzani and Bar brothers, are expected to jump from 2 to 4.1 million shekels each.