The brothers celebrated Bursa (Photo by Amir Levy)
The management of the Hajj Real Estate Initiative Group opened trading this morning (Monday) on the occasion of its entry into the TASE’s flagship indices, the TA-90 and TA-125 indices.
The Hajjaj Group, which was established in 2003 by Tzachi and Ido Hajjaj, is an entrepreneurial company engaged in the field of real estate in Israel and is considered one of the largest real estate projects in Israel, and holds a portfolio of dozens of real estate projects. To operate as a public company, the company specializes in initiating residential, commercial and hotel projects, mainly in the Tel Aviv area and demand areas in the center of the country, and is also involved in the field of urban renewal, where it carries out large-scale projects in the center.
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Also recently, the company began significant activity in the field of income-producing properties, including in the field of hotels in collaboration with the hotel brand Selena as well as in the establishment of a prestigious and exclusive sheltered housing activity.
The company owns, among others, the Phoenix, Moore, Nokd, Excellence and more. Since the beginning of 2021 until today, the share price has jumped by about 50% and the group’s market value currently stands at about NIS 1.6 billion.
The Hajj Group is also included in the Tel Aviv Construction Index, which was launched about two years ago and includes 35 construction and infrastructure companies, with a total value of about NIS 60 billion. Since the launch of the index until today, the construction index has risen by 108%.
Tzachi and Ido Hajaj said: “We are happy and proud of the company’s entry into the Tel Aviv-90 index, this is an important milestone in the process of the company’s development and success. The company’s notable projects include the Four Towers, residential and commercial complexes on Einstein Street, luxury residential towers in the Bavli complex in Tel Aviv, the Gordon Farm project, the Infiniti project in the Somail complex, the MOMA project in the Florentine neighborhood, the H-Tower Recital office tower, the Marina Complex development. Designed for hotels, an avenue tower on Rothschild Boulevard that combines housing and hotels, the Jaffa complex where the company is promoting a master plan for more than 2,000 housing units, the Amishav urban renewal project in Petah Tikva, the Ludwipol complex and many other projects. We are confident that the company will continue to grow and be a market leader in the field of real estate, both in the best locations and in the quality of the projects, yes in the other areas in which it operates. ”
Alon Dangot, director of the derivatives market in the Derivatives Trading and Indices Department, added that “entering the stock exchange’s flagship indices will allow the Israeli public to be exposed to the company through public savings, pension funds and provident funds, most of which are exposed to stock exchange indices. 90 and Tel Aviv-125 have more than 67 investment products that follow these indices, with a total value of about NIS 20 billion. I wish the company’s management and employees growth, development, and continued construction throughout the country, for the benefit of the investing public and the entire Israeli economy. ”
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