IR Contact | keystone

Laying the Foundation
for a Better Tomorrow

Keystone is a publicly traded company on the Tel Aviv Stock Exchange, specializing in strategic infrastructure investments with significant cash flow and value-enhancement potential, in Israel and worldwide. We provide investors with exclusive access to the high-potential infrastructure sector, an asset class that was once restricted to institutional players. Infrastructure investments are characterized by strong returns relative to risk, resilient demand, and predictable, stable cash flows — even in volatile market conditions.

Our Asset Portfolio Includes:

Power plants generating approximately 10% of Israel’s electricity supply

Egged Group – a leading public transport company operating in Israel and Europe, spanning private transit, light rail operations, and real estate assets

Operating and maintaining over 1,600 km of roads and tunnels

Developing and operating electric vehicle charging
stations across Europe

Renewable energy projects in three global markets

Operating a water desalination facility responsible for approximately 20% of Israel’s desalinated water production

Developing a fiber-optic network linking India and Europe via Israel

As of March 31, 2025 Keystone's total investments amount to approximately 3.7 bilion NIS. The fund reports a weighted IRR of around 14% on all investments made to date. Keystone generates an average annual cash flow of roughly 300 million NIS and has distributed cumulative dividends totaling 200 million NIS since its inception.

To maximize growth and asset performance, Keystone operates through dedicated investment platforms across energy, renewable energy, transportation, communications, and water infrastructure. Each platform is led by top-tier industry professionals, ensuring specialized expertise, business development, and value enhancement — all backed by stable asset cash flows. This structure enables expanded financing sources and optimized investment returns.

Keystone’s investments create value beyond financial returns — they shape Israel’s economy and improve daily life for millions. Through Keystone, investors contribute to critical infrastructure that delivers electricity to homes and businesses, transports a million passengers daily, ensures water security and connects people and communities with cutting-edge infrastructure.

Keystone was founded in 2019 by Ronnie Biram (Chairman), Gil Deutsch, and CEO Navot Bar, following the Israeli government’s strategic push to expand private investment in infrastructure. In 2021, Keystone became a publicly traded company, and since then, it has experienced accelerated growth, continuously expanding and enhancing its portfolio in Israel and abroad. With a long-term vision and a commitment to professional, creative, and responsible management, Keystone is not just investing in infrastructure — it’s building the future.