In total, over the last decade, the company has paid over a billion shekels in dividends.
On March 12, 2024, Ashdod Port's Board of Directors approved the Financial Statements for 2023, including distribution of dividends to the State of Israel, per the government's decision, as requested by the Government Companies Authority.
The company's Board of Directors decided to approve distribution of a special dividend of 150 million shekels from the company's accrued revenue, in addition to a dividend of 120 million shekels for the years 2019, 2020 and 2023. In total, the State of Israel has received over one billion shekels in dividends over the last decade.
The distribution of dividends is taking place despite the increasing competition in the port sector, and despite the ongoing war, which has had a significant impact on the Israeli economy, and especially the port sector. In addition, Ashdod Port Company's rating for 2023 is ilAA+/stable, as confirmed on September 28, 2023.
Brig. Gen. (res.) Miri Regev, Minister of Transport and Road Safety: “Ashdod Port, as one of Israel's strongest and most profitable ports, has continued to function consistently and efficiently under all conditions, including the difficult and complicated period of Operation Swords of Iron. The hundreds of millions of shekels that are transferred for the benefit of Israel's citizens every year as a dividend, are the best evidence of the healthy competition between the ports, which contributes to the efficient and economical management of each one of them. Under my direction, the Ministry of Transport will continue to invest in developing the ports, which serve as the primary gateway for all goods imported to Israel; and in the development of infrastructure for the access roads and tracks that connect them to all regions of Israel".
Dudi Amsalem, Minister of Regional Cooperation, who is responsible for the Companies Authority: “I am proud of all of the employees of Ashdod Port for the hard word, the dedication and the profitability.
Congratulations to the company's Board of Directors for continuing to distribute handsome dividends and contributing hundreds of millions of shekels to the state's treasury, and I am certain that the State of Israel will put them to good use during this challenging period. Ashdod Port is an outstanding example of professional and profitable management, and we appreciate and thank everyone involved".
Moshe Ben Zaken, Director General of the Ministry of Transport and Road Safety: “Even during this difficult time of security tension and real threats to all regions of Israel, especially in the south, Ashdod Port is continuing to operate in an optimal manner, keeping logistic and transport routes open and functioning for commerce with the world. Ashdod Port is an example of proper profitable administration, and in a world of competition and open markets, this is the main challenge that Israel's ports have to deal with – how to offer their clients better and more economical service. It is the Israeli economy as a whole, and Israel's citizens, who benefit from this."
Yaakov Quint, Acting Director of the Government Companies Authority: “This significant dividend distribution from the accrued surplus attests to the port's excellent financial fortitude. Ashdod Port is the only government port that is operating in such a challenging competitive environment, and I thank the Board of Directors and the port employees for their hard work towards the port's success. The Authority will continue to assist the port so it can continue to operate successfully, despite the challenges of this competitive sector".
Shaul Schneider, Chairman of the Board of Ashdod Port: “Ashdod Port Company's Board of Directors approved distribution of a significant dividend. The amount that we approved attests to the company's financial fortitude. And we are proud to contribute to the state's treasury at this time. Despite the many challenges that we face, we have proven that we are operating in a responsible and professional manner to keep the port open and safe".
Eli Bar-Yosef, Acting CEO of Ashdod Port: “In 2023, we again saw our company's strength. We continue to act cautiously and persistently to deal with the local and global challenges; and despite the war this year, we are distributing a large dividend to the State of Israel, as we have been doing consistently since 2010".
