Electra Real Estate Ltd. announced a private placement of 3,310,345 common shares at issue price ILS 36.25 per share for gross proceeds of up to ILS 120,000,006.25 on January 22, 2024. The transaction included participation from new investors, Phoenix Holdings Ltd for 551,724 ordinary shares and Migdal Insurance and Finances Ltd for 2,758,621 ordinary shares. The allocation of shares is subject to receiving the approval of the Tel Aviv Stock Exchange Ltd. The transaction is approved by board of directors.