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KEYSTONE

Driving Israel Forward

Smart Investments. Transformative Infrastructure. Real Economic Impact.
At Keystone, we connect energy, transportation, telecommunications, and communities to build a smarter, more efficient, and sustainable future. Keystone –
The Foundation for Growth. The driving force that unites investments, infrastructure, and people to move Israel forward.

Laying the Foundation for a Better Tomorrow

Keystone opens the door to the world of infrastructure investments —one of the most capital-intensive sectors, historically reserved for institutional investors. Beyond delivering long-term value to our investors, Keystone plays a pivotal role in shaping Israel’s economy and enhancing the daily lives of millions.

Investing in Keystone means investing in the electricity powering homes, the public transportation guiding people to their destinations, the water flowing through faucets, and the advanced telecommunications connecting individuals worldwide.

With partnerships in power plants producing over 10% of Israel's electricity, public transportation systems serving nearly one million passengers daily, road networks spanning thousands of kilometers, desalination projects supplying 20% of Israel’s drinking water, and groundbreaking fiber-optic infrastructure linking continents—Keystone invests in the present to redefine the future. As a publicly traded company, every investor can join our mission and efforts. Together, we continue to lay the foundations for a better, more connected, and sustainable tomorrow.

Energy

Driving Israel’s Energy Transformation: Driving Israel’s Energy Transformation Keystone is a major player in Israel’s national electricity sector, with power plants generating approximately 10% of the country’s electricity (2,300 MW). These plants provide cleaner, more stable, and cost-effective energy, fostering competition and sustainability in the energy market.

Water

Strengthening National Water Security: Keystone invests in critical desalination infrastructure that produces 20% of Israel’s desalinated water, ensuring a stable and reliable water supply across the country.

Transportation

Moving Millions, Connecting Destinations: Keystone holds a controlling stake in Egged, Israel’s largest and most influential public transportation company, which operates in three countries and serves nearly one million passengers daily. Additionally, Keystone owns Drive Group, responsible for the operation and maintenance of over 1,600 kilometers of roads.

Communications

Bridging the Digital Divide: Keystone is developing an advanced telecommunications platform, including a cross-border fiber-optic network and large-scale data centers currently in planning stages, ensuring cutting-edge connectivity.

Renewables

Accelerating the Green Transition: Keystone is actively investing in wind, solar, and energy storage projects across three global markets. These renewable energy ventures drive exponential growth while promoting sustainability and environmental responsibility.

Our Infrastructure Momentum In Numbers

Keystone invests in strategic infrastructure projects, generating significant value for investors in a growing field rich with opportunities. Our investments are reflected in numbers that tell the story and impact millions.

~$3.7 billion Total investments **

~14% Weighted internal rate of return (IRR) on assets*

$200 million Dividends distributed since inception

~$2.1 billion Equity capital*

~$300 million Average annual cash flow from assets

* Data as of December 31, 2024.
** Data as of December 31, 2024, including an additional investment of approximately 585 million ILS in Egged partnership completed in February 2025.

Sunflower Renewables

A publicly traded renewable energy company specializing in development, initiation, financing, and management of green energy projects. Sunflower is at the forefront of the renewable energy revolution, operating across three global markets.

IPM Power Plant

A 451 MW combined-cycle natural gas power plant. It is considered one of the most advanced power plants in Israel, benefiting from a unique regulatory framework that enhances competition in the energy market.

VID Ashkelon Desalination Plant

Israel’s first desalination plant, with an annual production capacity of 120 million cubic meters of desalinated water—equivalent to 20% of Israel’s total desalinated water supply. The plant supplies drinking water, irrigation water, and essential water resources to support Israel’s economy and daily life.

Drive Group

A leading operator and maintainer of strategic transportation infrastructure in Israel, responsible for over 1,600 km of roads and participating in key national projects. Drive Group operates Highway 6, the Carmel Tunnels, and key road networks in northern Israel, providing a wide range of road services for both urban and intercity highways. The company specializes in electricity, communications, and advanced transportation technology systems.

Cinturion

Cinturion is a global telecommunications leader spearheading the TEAS project, an initiative to deploy two submarine cables connecting India to Europe via Israel along the shortest and most efficient routes. The project is valued at approximately $1 billion and is set to become a key global data corridor.

Eranovum

A key player in the electric vehicle (EV) charging sector, operating public EV charging stations in Spain, France, and Belgium across shopping centers, retail hubs, and public parking lots. The company is also developing its own renewable energy production capabilities to supply clean energy to its charging stations. Eranovum currently operates 1,000 active charging stations and has a target of expanding to 11,000 stations by 2030.

Hagit Power Plant

A 660 MW combined-cycle natural gas power plant strategically located at a key infrastructure junction. The plant is connected to multiple critical energy infrastructures, serving as a strategic hub for electricity and natural gas distribution, with potential for future expansion and upgrades.

New Sorek Power Plant

One of Israel’s largest energy projects, in which Keystone is a partner. The plant will have a capacity of up to 900 MW, featuring Israel’s largest and most efficient natural gas power generation unit. Construction is scheduled to begin in the second half of 2026.

Egged

Israel’s largest and one of the world’s leading public transportation companies. Egged operates public transportation services in Israel and Europe, as well as tourism and private transport services in Israel. Additionally, it is involved in the operation and maintenance of the Tel Aviv Light Rail. The company also owns and operates a nationwide network of garages and maintenance centers, along with a real estate division. Through these assets, Egged is shaping the future of public transportation in Israel and positioning itself as a major global player.

Ramat Hovav Power Plant

One of Israel’s largest power plants, operating on natural gas with a generation capacity of 1,200 MW, accounting for 7% of Israel’s natural gas-based electricity production.

Investing in a Global Future

Keystone's global activities are expanding, with investments in public transportation, renewable energy, fiber-optic networks, and electric vehicle charging—strategically aiming to diversify our investment portfolio geographically by 2030.

Spain

Establishing and operating electric vehicle charging stations through Eranovum.

France

Establishing and operating electric vehicle charging stations through Eranovum.

Belgium

Establishing and operating electric vehicle charging stations through Eranovum.

Netherlands

Operating public transportation services through Egged Europe.

Poland

Managing five wind farms through Sunflower Renewables, with a total capacity of 50 MW.

Poland

Operating public transportation services through Egged Europe.

United States

Developing and initiating projects in renewable energy and energy storage through Sunflower Renewables.

Middle East

Implementing the TEAS submarine cable project in partnership with Cinturion, creating the fastest communication corridor between India and Europe, passing through Israel.

Our Team

The individuals behind Keystone are leading experts in their fields, possessing extensive experience and proven track records. Together, we translate professional strength into performances that yield significant value for investors—and for the entire Israeli economy.

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Dan Yuran

Dan Yuran

Investment Manager

Yael Meytes

Yael Meytes

Legal Counsel

Rachel Segal

Rachel Segal

Deputy CEO

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Nir Dror

Nir Dror

External Director

Liza Singer

Liza Singer

External Director

Oded Setter

Oded Setter

External Director

Mali Benado

Mali Benado

Bookkeeper

Matan Sayag

Matan Sayag

Head Financial Controller

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Navot Bar

Navot Bar

CEO, Director & Fund Founder

Roni Biram

Roni Biram

Chairman & Fund Founder

Rachel Segal

Rachel Segal

Deputy CEO

Yael Meytes

Yael Meytes

Legal Counsel

Dan Yuran

Dan Yuran

Investment Manager

Liran Avisar Ben Horin

Liran Avisar Ben Horin

Head of Keystone Comm

Gal Tofach

Gal Tofach

Head of Keystone Power

Yudith Farhi

Yudith Farhi

Office Manager & CEO’s Personal Assistant

Yochay Moshe

Yochay Moshe

Business Development – Energy Sector

Matan Sayag

Matan Sayag

Head Financial Controller

Mali Benado

Mali Benado

Bookkeeper

Oded Setter

Oded Setter

External Director

Liza Singer

Liza Singer

External Director

Nir Dror

Nir Dror

External Director