Cohen, who manages controlling shareholder Naty Saidoff’s enterprise pursuits in Israel, replaces the ousted Eyal Lapidot,
Following the departure of Eyal Lapidot, who was ousted as CEO of actual property firm Shikun & Binui Holdings Ltd. (TASE: SKBN) after relations with controlling shareholder Naty Saidoff and firm chairperson Tamir Cohen soured, Cohen will himself function non permanent CEO in addition to chairing the board. The board could nicely appoint a search committee shortly to discover a new everlasting CEO.
Cohen managed the Saidoff group’s enterprise pursuits in Israel and led its negotiations on investments in Israel previously few years, on the finish of which it purchased the controlling stake (47.28%) in Shikun & Binui Holdings from Shari Arison for NIS 1.1 billion.
In the meantime, Sjikun & Binui has introduced that its wholly owned subsidiary Solel Boneh has signed a contract price $310 million with the Nigerian authorities for works in Nigeria. The challenge, for the development of roads, bridges and interchanges in Nigeria’s south-east, is predicted to begin in 2021 and to take 4 years.
Shikun & Binui reported the win within the Nigerian tender final October. The contract has now been formally signed.
Printed by Globes, Israel enterprise information – en.globes.co.il – on July 7, 2020
© Copyright of Globes Writer Itonut (1983) Ltd. 2020
Naty Saidoff picture: Avi Shauly
Aviv Levy, Kobi Yeshayahou and Omri Cohen