El Al to pay first dividend since 2017

El Al Israel Airlines Ltd. (TASE:ELAL) will distribute its first dividend since 2017. This follows the 'deal' between the state and the airline that was first reported by "Globes" about a year ago, in which the company agreed to slightly increase its contribution to security costs and in return, the state would bring forward the ban on distributing dividends that has been imposed since the Covid pandemic. After receiving state approval to distribute a dividend on 2025 profits, El Al's board of directors h ...