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    Kardan Real Estate Investment Company Ltd. (IL: KARE) has made a strategic move, shedding non-core assets to focus on its core business. The company's board has approved the sale of land in Tel Aviv, with plans to finalize the deal by Q1 2025. This divestment will significantly reduce debt and bolster financial stability.

    The proceeds from this transaction will be channeled into developing key areas, solidifying Kardan's market position and boosting shareholder value. With a strong focus on core operations, Kardan is poised to drive growth and enhance its competitive edge in the real estate industry.

    Key Facts:

    * Primary business activities: Acquisition, development, and management of real estate assets

    * Strategic focus: Enhancing shareholder value through core business operations

    * YTD Price Performance: 13.68%

    * Average Trading Volume: 126,774

    * Current Market Cap: ILS1.19B

    Explore more insights on KARE stock on TipRanks' Stock Analysis page.