Gazit-Globe, Ltd. (TASE:GZT) announces a share repurchase program. Under the program, the company will repurchase up to ILS 150 million worth of its ordinary shares. The share repurchases will be financed from the company’s internal resources. The company indicated that the repurchase program would give the company’s management flexibility to repurchase ordinary shares in the event that the market price of the ordinary shares reflects a significant discount relative to the company’s net asset value. The repurchase program will be valid for one year period, till March 31, 2018.