A year ago, Ofer Gilboa didn't know exactly what he had purchased. Today, he is up 160 million shekels.
Gilboa, owner of cargo airline Challenge Airlines, acquired control of Gaon Holdings last year and admitted at the time in an interview with Globes that "it's not even clear to me what I bought." Since…
Assessment
Ofer Gilboa's candid admission of uncertainty about his Geon Holdings acquisition a year ago has given way to a stunning 160 million shekel paper profit. The shipping magnate bet on an infrastructure company that tripled its 2025 earnings, and the 220% stock surge has validated his instinct. The question now is whether Geon can sustain this operational improvement or if Gilboa will look to cash out.