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Strategy

Kardan is operational mainly in emerging markets where it develops and manages assets and projects in Real Estate and Water Infrastructure. By establishing local platforms in selected markets based on identified demand, economic viability and legal infrastructure, Kardan combines international expertise with local knowledge. Accordingly, Kardan optimizes its opportunities and controls its risks.

In order to fund its activities, Kardan issued two debentures in Israel in 2007 and 2008, to be paid back between 2013 and 2020. Mainly due to the global financial crisis as of 2008, it proved to be necessary to come to a Debt Settlement with the Debenture Holders, entailing a postponement of the majority of the principal payments. As a consequence, Kardan’s current strategy is primarily focused on the repayment of the Debentures and thus on generating cash either by selling assets or by attracting partners in projects whilst continuing to also focus on further improving the results of the subsidiaries and therefore their value.