El Al seeks to raise chair's pay to NIS 7 million a year

In depth

According to Bizportal, El Al is seeking to expand Amikam Ben Tzvi's role from 90% to a full-time position, at a monthly salary of NIS 157,000 plus bonuses and equity-based compensation. According to Globes, his total annual compensation could reach about NIS 7 million, compared with NIS 5.9 million in 2025.

The proposal will be brought for shareholder approval in November. According to Ice, the monthly salary is only part of the package, and the bonus and equity-based compensation raise the figure.