Jerusalem Economy Ltd. (TASE:ECJM) entered into a sales agreement to sell a non-performing asset located in Atarot, Jerusalem for ILS 28.5 million on December 6, 2015. Of the total consideration, a total of about ILS 1.2 million was deposited in a trust, while the rest will be paid in two installments. Completion is expected to occur during the second quarter of 2016. Jerusalem Economy expects to record earnings of about ILS 6 million from the transaction. Jerusalem Economy Ltd. (TASE:ECJM) cancelled the sale of a non-performing asset located in Atarot, Jerusalem on December 6, 2016.