Rafael to pay state NIS 444m dividend – English Times

Rafael to pay state NIS 444m dividend – English Times

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company. The minister in charge of the Government Companies Authority, David Amsalem, approved the distribution of trapped dividends by state-owned defense company Rafael Advanced Defense Systems today. Rafael will transfer NIS 444 million to the state, “Globes” has learned. Previously, Minister of Defense Israel Katz gave his ap…

David Amsalem, the minister in charge of government companies, approved the distribution of Rafael's frozen dividend. • This year, a significant amount of dividends is expected to be distributed to help finance the state budget. • Amsalem said that action should be taken to maximize their profits and channel them to the benefit of the public.