Shareholders’ equity grows to NIS 23 billion, leading its core Tier 1 capital ratio to improve from 8.52% in 2009 to 9.07% in 2010.
The company reports a net profit attributable to shareholders of NIS 1.7 billion, compared with a loss of NIS 673 million the year before.
The main beneficiary of the NIS 200 million dividend will be Arison Investments.
The change is based on the company's increased presence in the U.S., begun last year, and its expectations that properties under development in Israel and elsewhere will be completed this year.
Municipality sells stake for $310 million
Over the past 12 months Koor shares dropped 21% and its valuation on opening this week's trading stood at about NIS 3.8 billion.
The real estate company paid five top executives a total of NIS 50 million for the year despite net profits being 28% below its 2009 figures.
Private company El-Ad joins Dubai in exiting beach megaproject.