2016 has been an excellent year both domestically and internationally, for all Arison Investments companies.
Bank Hapoalim's resilience and leadership in the Israeli banking sector is reflected in its financial statements. In the first quarter of 2017, the bank reported return on equity of 9.2% and common equity Tier 1 ratio of 11.2%, higher than the target set by the Israeli regulator. In recent years, Bank Hapoalim has led the Israeli banking sector in its profitability, and in the past seven years delivered an average ROE of 9.7%.
** Arison Investments was the controlling shareholder of Bank Hapoalim for 21 years. In November 2018, it sold some of its shares and ceased to be the bank's controlling shareholder. **
Real estate and infrastructure company Shikun & Binui reached $845 million in market cap (2/2015), with net profit $112 million (2013), net income of $1.8 billion (2013), and backlog of $2.6 billion (9/2014), generating strong shareholder return with $327 million cumulative cash dividend (since 2009). In the past five years (2009-2013) 34% net profit CAGR and 7% revenues CAGR.
** Arison Investments was the owners of Shikun & Binui for 22 years. On August 6, 2018, the company was sold to the Saidoff Group. **
In the salt industry, Salt of the Earth ( private company wholly owned by Arison Investments) continued to lead the Israeli market in salt production, and also holds 1.3% of Bank Hapoalim's shares.
** Salt of the Earth was a private subsidiary of Arison Investments until it was sold to Fortissimo Capital in January 2019. **
Miya - Jamaica is currently implementing a unique 5-year co-managed project estimated at $42.5 million. Focusing on KSA's high NRW rate of 55%, Miya has targeted to substantially reduce NRW to 30%.