Arad Investment & Industrial Development Ltd. (TASE:ARAD) agreed to Spin-Off unknown stake in Isras Holdings Ltd on January 25, 2023. Shareholders of ARAD are entitled to receive 1 share in ISRAS for every share held. The ex-date has been set as January 29, 2024. Transaction is expected to be closed on January 29, 2024.

Arad Investment & Industrial Development Ltd. completed the Spin-Off of unknown stake in Isras Holdings Ltd (TASE:ISHO) on January 30, 2024.