The BST construction group published a prospectus to raise capital for the first time on the stock exchange. The company intends to raise NIS 350 million in exchange for 15% of its shares, at a company valuation of NIS 2.5–3 billion. This is the second real estate group (after Tidhar) that intends to take advantage of the surging stock market to raise capital.
The offerings are being carried out at a timing perceived as problematic against the backdrop of a decline in the volume of apartment sales, while the commercial office market is also in a downward trend. The company is controlled by the Tanous family. The Phoenix Group holds 20% of the company's shares.
BST is managed by Elias Tanous, and Rafi Bisker, a former senior executive at the IDB Group and chairman of Property & Building Corporation, serves as the chairman of the board of directors. The company is engaged in construction projects throughout the country, and one of the most prominent of them is the TOHA project in Tel Aviv.
The company is engaged in finishing work and project development, and through its subsidiary in Canada, it is also engaged in international real estate activity. According to the prospectus data, the company's sales turnover in 2025 totaled NIS 1.91 billion. The company has an order backlog totaling NIS 5.3 billion. The company's equity totaled NIS 733 million.
