Africa Israel Properties Ltd (TASE:AFPR) entered into an agreement to sell its entire ownership stake in plots in Petah Tikva for ILS 86 million on April 19, 2016. The buyers paid an amount of ILS 12 million upon signing of agreement while ILS 32 million will be paid no later than May 31, 2016, ILS 6 million no later than July 31, 2016 and the balance will be paid no later than February 28, 2017. Africa Israel Properties Ltd (TASE:AFPR) sold its entire ownership stake in plots in Petah Tikva during the first quarter of 2017.