• Sun. Jun 23rd, 2024

Coop Israel Liquidates: Members to Receive a Share of 23 Million Shekels in Dividends

BySamantha Johnson

Mar 25, 2024
Fifteen Thousand Members to Share Remainder After Liquidation of Israel’s Largest Cooperative

Coop Israel, the largest consumer cooperative in Israeli history, was registered in 1950 and operated for many years. However, the cooperative is now coming to an end after several years of debt repayment and liquidation. As a result, the cooperative’s coffers hold a remaining amount of 23 million shekels. This amount will be divided equally among all 15,403 members of the cooperative, with a 15% tax deduction.

Starting on March 26, members can visit any Israel Post office and present the necessary documents to receive approximately 1,400 shekels (gross) from the remaining amount after debt repayment and liquidation. Members with questions or concerns can contact the hotline at 03-6555700 for more information.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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