Shapir Engineering And Industry, IL0011338758

Shapir sells gas assets for NIS 230 million: what it means for Shapir stock

Published on 10/21/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal may yield up to NIS 100 million. Shapir Engineering And Industry stock stood at ILA 4,120.00 on October 21, 2026, below ILA 4,895.00 high.

Asset sale and operating scale

Shapir signed the NIS 230 million gas-distribution sale on October 21, 2026.
First-half 2026 net profit reached NIS 164 million on revenue of NIS 3.2 billion.
Shapir Engineering And Industry stock stood at ILA 4,120.00 at 12:36 p.m. IDT on October 21, 2026, below ILA 4,895.00.

Shapir Engineering And Industry, IL0011338758, Illustration mit AI erstellt.

Shapir Engineering And Industry (IL0011338758) signed a binding agreement to sell its natural gas distribution businesses to Allied for NIS 230 million, Globes reported on October 21, 2026. The transaction gives Shapir liquidity while it pursues control of Ashdod Oil Refineries, where it already owns 10.00 percent.

Three dated steps for Shapir

On August 24, 2026, Shapir released second-quarter revenue of ILS 1.68 billion, according to Investing.com. On October 14, 2026, Shapir faced a court challenge to the Highway 6 northern extension tender after winning with a NIS 683 million fee gap, Wire Israel reported. On October 21, 2026, the company disclosed the NIS 230 million gas-asset sale through the report carried by Globes.

What does the sale mean?

Shapir expects a pretax gain of NIS 50 million to NIS 100 million from the transaction, while the sale removes a regulatory obstacle linked to its refinery ambitions. The company concluded the first half of 2026 with revenue of NIS 3.2 billion and net profit of NIS 164 million, increases of 17.00 percent and 156.00 percent, respectively, Globes reported. The figures make the asset sale more than a balance-sheet footnote: it converts part of the group into cash as management weighs a much larger refinery investment.

Tel Aviv quote and valuation

Shapir Engineering And Industry stock was trading at ILA 4,120.00 on the Tel Aviv Stock Exchange on October 21, 2026, at 12:36 p.m. IDT. That quote sat 15.83 percent below the ILA 4,895.00 52-week high, while the company carried a market capitalization of ILS 15.0 billion on October 21, 2026.