Inactive Instrument

Company Gaon Group Ltd. TEL AVIV STOCK EXCHANGE

Equities

GAGR

IL0004540170

Iron & Steel

Business Summary

Gaon Group Ltd, formerly Middle East Tube Co Ltd, is an Israel-based company active in the steel sector. The Company manufactures and markets pipes for water, sewage and oil and gas infrastructure. The main technologies used in producing pipes by Company are Electric Resistance Welding (ERW) for longitudinal seam pipes, and Submerged Arc Welding (SAW) for spiral seam pipes. The Company manufactures pipes in the Tzrifin Plant. It also provides galvanization of steel pipes and other products in the Acre Facility. The Company operates two subsidiaries, Middle East Tube Industries Ltd, Middle East Tube Galvanization Ltd. It is 54.3%-owned by Gaon Agro Industries Ltd.

Sales per Business

ILS in Million2022Weight2023Weight Delta
Infrastructure and Industry
73.3 %
528 75.7 % 465 73.3 % -12.00%
Systems Building
44.6 %
293 42.1 % 282 44.6 % -3.80%
Adjustments
-27.7 %
-171 -24.5 % -176 -27.7 % +2.95%
Others
9.9 %
47 6.7 % 62 9.9 % +33.95%

Sales per region

ILS in Million2022Weight2023Weight Delta
Israel
100.0 %
697 100.0 % 634 100.0 % -9.14%

Managers

Managers TitleAgeSince
Chief Executive Officer 55 07/01/14
Director of Finance/CFO 52 31/03/14
Director of Finance/CFO 51 07/09/11
Chief Operating Officer 49 01/10/18
Chief Tech/Sci/R&D Officer 52 01/03/14
Human Resources Officer 48 31/10/22
General Counsel 50 31/03/15
Comptroller/Controller/Auditor 53 20/12/14

Members of the board

Members of the board TitleAgeSince
Chairman 64 10/07/13
Director/Board Member 65 19/12/17
Director/Board Member 59 15/07/88
Chief Executive Officer 55 07/01/14
Director/Board Member 61 02/10/17
Director/Board Member 72 10/07/18
Director/Board Member 74 14/07/21

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 46,801,741 13,867,196 ( 29.63 %) 1,263,120 ( 2.699 %) 29.63 %

Shareholders

NameEquities%Valuation
Barometer Investment House Ltd.
1.056 %
480,993 1.056 % 382 438 ₪
Ayalim Mutual Funds Ltd.
0.3300 %
150,280 0.3300 % 119 488 ₪
Ramco Mutual Funds Management (1989) Ltd.
0.2646 %
120,500 0.2646 % 95 810 ₪
Excellence Nessuah Mutual Funds Management Ltd.
0.1318 %
60,000 0.1318 % 47 706 ₪
Millennium Mutual Funds Ltd.
0.0568 %
25,888 0.0568 % 20 584 ₪
U-Bank Mutual Funds Ltd.
0.0411 %
18,694 0.0411 % 14 864 ₪
Ayalon Mutual Funds Ltd.
0.0314 %
14,285 0.0314 % 11 358 ₪
KSM Mutual Funds Ltd.
0.0270 %
12,312 0.0270 % 9 789 ₪
Migdal Mutual Funds Ltd.
0.007128 %
3,246 0.007128 % 2 581 ₪

Company contact information

Gaon Group Ltd.

8 Ariel Sharon Boulevard

6039730, Or Yehuda

+

http://www.gaon.com
address Gaon Group Ltd.(GAGR)