Hagag Group Real Estate Entrepreneurship Ltd (TASE:HGG) announces a share repurchase program. Under the program, the company will repurchase up to ILS 15.5 million worth of its shares. The repurchase plan will be financed out of company's own sources, including through the provision of owner loans to the subsidiaries.

The purpose of the plan is in light of overall declines in the markets resulting from, among other things, increases in the interest rate environment in the world. The repurchase plan will expire on March 31, 2023.