Tomer Energy is a special-purpose yield company, without a controlling sharholders, whose securities (shares and bonds) have been traded on the Tel Aviv Stock Exchange since 2018. The company’s sole business is the holding of the right to receive overriding royalties in respect of oil and/or gas and/or other valuable materials derived from the share of various companies and entities holding oil and gas reservoirs both in Israel and elsewhere in the world. The royalty is paid to Tomer Energy from the revenues of the body making the payment prior to deduction of royalties and payments of any kind, including operating expenses and investments, which is why it is termed an ‘overriding royalty’.