Company Gaon Group Ltd.

Equities

GAGR

IL0004540170

Iron & Steel

Delayed TEL AVIV STOCK EXCHANGE 05:30:35 15/05/2024 pm IST 5-day change 1st Jan Change
333 ILa -3.39% Intraday chart for Gaon Group Ltd. -2.55% +16.35%

Business Summary

Gaon Group Ltd, formerly Middle East Tube Co Ltd, is an Israel-based company active in the steel sector. The Company manufactures and markets pipes for water, sewage and oil and gas infrastructure. The main technologies used in producing pipes by Company are Electric Resistance Welding (ERW) for longitudinal seam pipes, and Submerged Arc Welding (SAW) for spiral seam pipes. The Company manufactures pipes in the Tzrifin Plant. It also provides galvanization of steel pipes and other products in the Acre Facility. The Company operates two subsidiaries, Middle East Tube Industries Ltd, Middle East Tube Galvanization Ltd. It is 54.3%-owned by Gaon Agro Industries Ltd.

Number of employees: 489

Sales per Business

ILS in Million2022Weight2023Weight Delta
Infrastructure and Industry
73.3 %
528 75.7 % 465 73.3 % -12.00%
Systems Building
44.6 %
293 42.1 % 282 44.6 % -3.80%
Adjustments
-27.7 %
-171 -24.5 % -176 -27.7 % +2.95%
Others
9.9 %
47 6.7 % 62 9.9 % +33.95%

Sales per region

ILS in Million2022Weight2023Weight Delta
Israel
100.0 %
697 100.0 % 634 100.0 % -9.14%

Managers

Managers TitleAgeSince
Chief Executive Officer 55 08/14/08
Director of Finance/CFO 52 01/14/01
Director of Finance/CFO 51 08/11/08
Chief Operating Officer 49 02/18/02
Chief Tech/Sci/R&D Officer 52 02/14/02
Human Resources Officer 48 01/22/01
General Counsel 50 01/15/01
Comptroller/Controller/Auditor 53 21/14/21

Members of the board

Members of the board TitleAgeSince
Chairman 64 11/13/11
Director/Board Member 65 20/17/20
Director/Board Member 59 16/88/16
Chief Executive Officer 55 08/14/08
Director/Board Member 61 03/17/03
Director/Board Member 72 11/18/11
Director/Board Member 74 15/21/15

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 46,801,741 13,867,196 ( 29.63 %) 1,263,120 ( 2.699 %) 29.63 %

Shareholders

NameEquities%Valuation
Barometer Investment House Ltd.
1.056 %
480,993 1.056 % 417 401 ILa
Ayalim Mutual Funds Ltd.
0.3300 %
150,280 0.3300 % 130 411 ILa
Ramco Mutual Funds Management (1989) Ltd.
0.2646 %
120,500 0.2646 % 104 569 ILa
Excellence Nessuah Mutual Funds Management Ltd.
0.1318 %
60,000 0.1318 % 52 067 ILa
Millennium Mutual Funds Ltd.
0.0568 %
25,888 0.0568 % 22 465 ILa
U-Bank Mutual Funds Ltd.
0.0513 %
23,372 0.0513 % 20 282 ILa
Ayalon Mutual Funds Ltd.
0.0314 %
14,285 0.0314 % 12 396 ILa
KSM Mutual Funds Ltd.
0.0272 %
12,388 0.0272 % 10 750 ILa
Migdal Mutual Funds Ltd.
0.008518 %
3,879 0.008518 % 3 366 ILa

Company contact information

Gaon Group Ltd.

8 Ariel Sharon Boulevard

6039730, Or Yehuda

+

http://www.gaon.com
address Gaon Group Ltd.(GAGR)
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