SHVA is a public company that provides technological services for finance systems and businesses in Israel. SHVA is a major junction and provider of national infrastructure for use of credit cards issued by all credit companies. It provides complementary services for businesses and institutions, and operates ATM switching confirmation systems. SHVA was founded in 1978 and went public in 2019, when it was issued and registered on the Tel Aviv Stock Exchange. SHVA is a company without a control core.
A public company without a control core: 34.4% of SHVA shares are owned by the public.
The national system for use of payment cards, including coordination with SWIFT
An average daily turnover of over one billion shekels per day in transactions using SHVA, reaching hundreds of billions of shekels in transaction each year.
In 2022, SHVA was ranked by Globes Magazine as one of the 100 fastest growing companies in Israel.
SHVA software incorporates the world's most advanced technology, led by the company's R&D team.
Supplying products and distributing software to points of sale to enable payment card transactions at businesses and to support associated transactions and services.
Distribution date | Dividends |
---|---|
17/03/2021 | 11.7 |
30/09/2021 | 13.5 |
18/04/2022 | 22 |
The company distributes annual dividends of up to 50% of its net annual profits from the previous year to its stock owners. Profits are calculated based on the company's audited annual financial reports, after deduction of one-time profits that are not obtained from routine activity of the company, subject to the availability of profits that may be distributed in accordance with regulations.
Transitioning from an operating company to a business entity that sells products is a dramatic change that begins with human capital and with developing the systems needed to develop and supply the products and to sell them on the market. In 2022, we created, established, and upgraded our business development and product management services. This was a profound change to the DNA of our company, and I am pleased to see the changes we have started to implement taking shape as we reached the end of the first quarter of 2023", said Eitan Lev Tov, CEO of SHVA, in a webinar held last weekend with SHVA investors. This was the first webinar held by SHVA, representing the importance we attribute to transparency and open dialog with our investors.
Our investor presentation outlined the company’s strategy, operational management, key verticals, and business performance in 2023. The year 2023 was marked by significant challenges and complexity for the Israeli economy and society. The war, which erupted following the events of October 7th, had a profound impact on the economy and business operations across Israel. Despite these challenges, Shva continues to demonstrate resilience and growth across all key metrics, reinforcing its role as a crucial partner in driving economic stability and growth in Israel.
During the webinar, the CEO and CFO Ofer Eden presented SHVA's strategy to its partners in the capital market and described the initiatives already underway to expand the services offered, reach diverse customer bases, and continue to increase the company's profits. We want to thank all the investors who participated in the webinar, and look forward to updating them on all future developments.
The transition from an operational company to a business-driven company that sells products is a dramatic shift. This transformation begins with human capital and extends to building the necessary infrastructure to develop, deliver, market, and sell our products. Throughout 2022, we established, expanded, and upgraded our business development and product management operations. This represents a deep DNA transformation within the company. “I’m pleased to say that we have already completed one full quarter in 2023, reflecting the impact of these changes,” said Eitan Lev-Tov, CEO of Shva, in response to investor questions during our first-ever Shva's webinar last week. This webinar underscores the importance we place on transparency and open communication with our investors.