Ashdod to pay government first dividend

Jacob Raz, chairman of the board at Ashdod, said that the dividend amounted to 30% of the port’s aggregate NIS218m profit in the three-year period 2005–07. Raz noted that the port was profitable and expressed high hopes that it would continue to be so despite the harsh international economic conditions.


Altogether, the state will receive NIS200m in dividends from the three ports companies on their profits, in addition to the royalties they pay to Israel Ports Development & Assets Company Ltd.