17:I[87134,["/_next/static/chunks/abf43a076ddbd945.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/5ac73fe2b25fc6c9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/92bdbfeca3f655f7.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/733be0453bf96ece.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/27718c319dd13e9b.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/34c922b381f458e9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/c85eefbddd563073.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA"],"default"] 18:T52d,

The BST construction group released a prospectus to raise capital through its first public offering on the stock exchange. The firm plans to collect NIS 350 million by selling 15 percent of its shares, placing the company value at NIS 2.5-3 billion. This marks the second real estate entity, following Tidhar, to tap into the rising market for fresh funds.

The move comes at a challenging moment amid falling apartment sales and a softening commercial office sector. The Tanous family holds control of the company, while the Phoenix Group owns a 20 percent stake.

BST operates under the leadership of Elias Tanous, with Rafi Bisker, formerly a top executive at the IDB Group and chairman of Property and Building Corporation, serving as board chairman. The group handles construction projects nationwide, including the notable TOHA development in Tel Aviv.

Beyond finishing work and project development, BST pursues international real estate through its Canadian subsidiary. Prospectus figures show 2025 sales turnover reached NIS 1.91 billion, with an order backlog of NIS 5.3 billion and equity standing at NIS 733 million.

Net profit for 2025 fell sharply to NIS 52.2 million from NIS 83.1 million the prior year. Barak Leumi Underwriters and the Shimonov law firm are managing the offering.