Since becoming Ministry of Defense Director General in March, Amir Baram has LED a substantial change in the Pace of Progress and Plans for the Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (IAI), The Biggest Government-Owned Defense Company.
This week gathers a meeting of the CEOs of the Four Greatest Defense of Israel – IAI, Elst Systems Company in the Commer to discuss operations against Iranic operations and draw conclusions. The sources tell “globes” that during the meeting he expressed his uneven position that an IAI flotation was a necessary course of action in the action of insurance.
Defense officials prefer to defense a limited offer, but Baram pushes for the flotation of 30% stake. Using revenues, he wants to expand the company’s production capacity, research and development, and the presence of the south, as well as permit subsidiaries.
Within two weeks until a month, an important meeting was expected to be held between Baram, the Accountant General of financial ministry, Iai CEO Bouaz Anvividan Airsi Chaverna Chairman Yair Katz. Goal: a final plot of paper. From now on, Ministers of Defense and finance are expected to work together to maximize income.
Appreciation jumps sixfold
The 15,000 employees of IAI were expected to receive a NIS 60,000 bonus, which followed the step, which seemed to be many years of speaking, because the ways of going from profits to be given to employees. At the same time, another model of compensation will be examined under the leadership of the government’s director of the ROI Kamlon company, which focuses on employee choices to demonstrate the value of the company within five years.
At this stage, the company’s appreciation is approximately 60-80 billion – the Tender’s valuations in which the underwriters traded in the 2021 traded in 121, Poimot Capital, Barak Capital.
Although agreements with four underwriters have expired last year, recently decided to extend the agreement with them for many years. At the same time, one of the main challenges of realization of offering is the rate of dollar rate, which has fallen and, according to estimates, the company costs about two months. To ensure maximum amount from offering, one of the options considered is to bring it to the rounds – that is, to sell the parts so slowly the IPO price.
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Politicians decide
An issue that remains a major bone of contention where money goes. Baram wants all the income to teach the defense, while the Ministry of Finance will be spiritually impaired by fiscal. However, both sides have a common interest: Baram and Ministry of Finance will be happy to issue a larger part of the company. An important factor not yet played is the workers’ committee led by Yair Katz. From the sight of Katz, there is no objection to a full IPO, since Ioi has no real local opponent, unlike, for example, Ashdod port. In addition, freedom from the regulation of the Salary Supervisor in the Ministry of Finance will allow the committee to reward the famous employees more free.
Dudi Amsalem, The Minister in Charge of Government Companies Who also serves the ministerial committee for privatization, is interested in taking as many companies as possible onto the private market, and therefore, from his perspective, rafael should also follow this path Fulfils Baram’s expectations, he is expected to accelerate Rafael’s IPO as well. Now, he keeps his cards near his chest.
With security interests, Baram also has indirect political motives. The Israeli Defense Minister, who taught him, can schedule an important success when offering successful in front of the preceding primaries. The sources involved in the process of being estimated that in the political axis, Israel Katz waiting for opening shot from Yair Katz, holding significant political power in the back. Katz can take support to his functionaries that workers have approved the plan. If conditions are ripe, Yair Katz is likely to return to the defense minister for support.
The salary and labor agreement with the agreement of the Ministry of Finance said, “We do not know that a decision to employees’ employees. IAI.”
Published in Globes, Israel News in News – en.globes.co.il – On July 17, 2025.
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