Melisron CEO dies at 54: what the change means for Melisron stock

Published on 10/08/2026 at 14:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melisron's second-quarter net income reached ILS 289.00 million. For Melisron stock, 29 properties and 97.80 percent occupancy frame the change.

Melisron, IL0003230146, Illustration mit AI erstellt.

Melisron CEO Ophir Sarid died at age 54 on September 28, 2026, after taking medical leave on September 2. According to CTech, CFO Oren Hellinger became acting CEO while the company searches for a permanent successor.

Three dates define the transition

On August 13, 2026, Melisron reported second-quarter and six-month results for the period ended June 30, 2026. The same date also carried a cash dividend announcement, with ILS 90.00 million declared for payment on September 15, 2026, according to Melisron.

On September 2, 2026, the company announced that Sarid was taking medical leave, with the leadership change effective that date. On September 28, 2026, his death made the temporary succession a permanent management issue, with Hellinger continuing as acting CEO, as Zonebourse reported.

What does the change mean?

The operating figures give Hellinger a stable financial base while the board handles succession. Second-quarter revenue was ILS 588.00 million, up 1.38 percent from ILS 580.00 million in the first quarter of 2026, while net income rose 9.06 percent to ILS 289.00 million from ILS 265.00 million.

Melisron's portfolio includes 29 company-owned rental properties, 1,067 thousand square meters of managed area and a 97.80 percent average occupancy rate as of June 30, 2026. Regional malls account for 68.00 percent of the operating mix, while offices and high-tech parks account for 27.00 percent, according to Melisron.

Financial scale supports continuity

Melisron's market capitalization was ILS 17.0 billion as of October 8, 2026. The company reported ILS 1.157 billion in cash and cash equivalents and ILS 1.568 billion in cash and short-term investments at June 30, 2026, figures that put the leadership transition against a substantial liquidity base.

Melisron has been listed on the Tel Aviv Stock Exchange since 1992 and is included in the TA-125 and TA-35 indexes. The central investor question is therefore execution during the succession, not the scale of the property platform: second-quarter net income already exceeded first-quarter net income by ILS 24.00 million.