Rabbi Maimon Project Ltd. signed an agreement to acquire 1,350 meters land plot in Netanya from Salomon A. Angel Ltd. (TASE:ANGL) for ILS 8.1 million on September 19, 2016. The consideration will be paid in stages, subject to the rights transfer registration of the asset to Rabbi Maimon's name before December 22, 2016. Salomon A. Angel received approval from the General Lien holders, a necessary condition to carry out the sale.