ALTSHULER SHAHAM FINANCIAL LTD
TTASE:ALTF562.60
ILA
-5.90
(-1.04%)
ISIN
IL0011849366
Return %
Stock
S&P 500
1Y
-34.04
14.20
3Y
24.80
81.12
5Y
-66.75
68.34
Capital Structure
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in mil. unless spec.Working Capital
ILS
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in mil. unless spec.Growth Rates
ILS
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in mil. unless spec.Quarterly Revenue
ILS
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in mil. unless spec.Quarterly Earnings Per Share
ILS
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in mil. unless spec.Quarterly Dividends Per Share
ILS
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in mil. unless spec.Company Description
- CEO
- Yair Lowenstein
- Full Time Employees
- 828
- Sector
- Finance
- Industry
- Investment managers
- Address
- Habarzel 19 Tel Aviv TA Israel 6971026
- IPO Date
- Apr 4, 2022
- Website
- ir.as-invest.co.il
- Similar Companies
- Business
- Altshuler Shaham Finance Ltd engages in managing long-term savings and pension funds, focusing on provident funds, study funds, personal severance pay provident funds, central severance pay funds, central provident funds for budgetary pension participation, and central sick pay provident funds. The company also manages investment provident funds including children savings plans, comprehensive pension funds, and general pension funds. It operates primarily through its subsidiary Altshuler Shaham Provident and Pension Ltd and services approximately 2.3 million clients with assets under management totaling around 201 billion NIS. Its product portfolio extends to investment portfolio management, mutual funds, hedge funds, trust services, forex solutions, and a digital wallet. Additionally, Altshuler Shaham Finance manages alternative investments including real estate, private equity, and global alternative funds marketed through iFUNDS, an international distribution platform. Founded in 2001 and headquartered in Tel Aviv, Israel, Altshuler Shaham Finance Ltd is a subsidiary of Altshuler Shaham Ltd and is one of Israel’s leading provident fund companies with the largest market share in assets under management. In recent years, particularly in 2024, the company strategically expanded by entering the non-bank credit market through the establishment of Altshuler Shaham Credit Ltd and its subsidiary, Altshuler Shaham Credit for Businesses Ltd., which provides financing solutions for the growth and development of small and medium-sized enterprises. Also in 2024, Altshuler Shaham Finance acquired approximately 40% of iFUNDS Capital Ltd, significantly expanding its alternative investments marketing operations. The company rebranded from A.S. Matrat Hanpaka Ltd to Altshuler Shaham Finance Ltd in March 2022 and continues to seek synergistic business partnerships and growth opportunities in financial and pension product markets. Altshuler Shaham Finance Ltd operates mainly in Israel but markets global alternative funds through its partnered distribution channels. The company is led by Co-CEOs Hagar Peretz-Dayan and Gil Topaz, who bring extensive banking and capital market experience. Its services target institutional and individual investors seeking comprehensive pension, provident savings, and alternative investment products. Total deposits in the provident and pension funds managed by the company approximate 12 billion NIS, with the firm consistently recognized as Israel’s preferred investment house. Altshuler Shaham Finance reported total comprehensive income for 2024 of roughly 113 million NIS, demonstrating stable financial performance amid strategic diversification into credit and alternative investment sectors.