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Related Parties Transactions and Balances
 12 Months Ended
Dec. 31, 2024
Related Parties Transactions and Balances [Abstract]  
RELATED PARTIES TRANSACTIONS AND BALANCES

NOTE 21 - RELATED PARTIES TRANSACTIONS AND BALANCES:

 

“Related Parties” - as defined in IAS 24, “Related Party Disclosures” (“IAS 24”). Key management personnel - included together with other entities in the definition of “related parties” in IAS 24, include the members of the Board of Directors and senior executives. See also Note 14 for further information.

 

Transactions with related parties

 

Compensation to related parties

 

   Year ended December 31 
   2024   2023   2022 
   U.S. dollar in thousands 
Compensation to directors employed by the Company   909    797    616 
Compensation to other key management personnel   723    362    487 
Compensation to directors who are not employed by the Company   273    179    200 

Compensation to key management personnel, including employed directors

 

The compensation paid to key management personnel for work services they provide to the Company is as follows:

 

   Year ended December 31 
   2024   2023   2022 
   U.S. dollar in thousands 
Payroll, management fees, and other short-term benefits   1,177    921    833 
Share-based payments   455    238    270 
    1,632    1,159    1,103 

 

Balances with related parties

 

   December 31 
   2024   2023 
   U.S. dollar in thousands 
Employees payable   508    376 
Accounts payable   146    29 
    654    405