Migdal Insurance & Financial Holdings Ltd. filed a Schedule 13G with the SEC on November 12, 2026, reporting beneficial ownership of 5.03% of the ordinary shares of Nayax Ltd as of November 5, 2026.

Key Highlights

  • Aggregate beneficial ownership: Migdal Insurance & Financial Holdings Ltd. reported beneficial ownership of 1,917,703.30 ordinary shares of Nayax Ltd, representing 5.03% of the class.
  • Shares outstanding basis: The 5.03% figure is based on 38,118,105 ordinary shares outstanding as of November 8, 2026, as reported on Bloomberg LP, according to the filing.
  • Largest subsidiary holding: Migdal Sal Domestic Equities held 1,340,068.10 ordinary shares, representing 3.52% of total ordinary shares outstanding.
  • Second subsidiary holding: Migdal Mutual Funds Ltd. held 577,635.20 ordinary shares, representing 1.52% of total ordinary shares outstanding.
  • Voting and dispositive power: The filing reports 0 sole voting power and 0 sole dispositive power, with shared voting and shared dispositive power each reported as 1,917,703.30 shares.
  • Event date: The date of the event requiring the filing was November 5, 2026, with the statement signed on November 11, 2026.

Migdal Group Subsidiaries Cross 5% Threshold in Nayax Ordinary Shares

According to the Schedule 13G filing, Migdal Insurance & Financial Holdings Ltd., an Israeli holding company headquartered at 4 Efal Street, Petach Tikva, Israel, disclosed that its various direct or indirect majority or wholly-owned subsidiaries collectively hold 1,917,703.30 ordinary shares of Nayax Ltd (NASDAQ:NYAX), a company whose principal executive offices are located at 3 Arik Einstein Street, Herzliya, Israel. The filing identifies the securities as ordinary shares with a par value of NIS 0.001 per share, bearing CUSIP number M7S750159.

The filing states that the securities "are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of Migdal Insurance & Financial Holdings Ltd.," including Migdal Insurance Company Ltd., Migdal Sal Domestic Equities, Migdal Makefet Pension & Provident Funds Ltd., and Migdal Mutual Funds Ltd. The filing further states that "each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions." The two subsidiaries with reported holdings as of November 5, 2026 are Migdal Sal Domestic Equities (1,340,068.10 shares, 3.52%) and Migdal Mutual Funds Ltd. (577,635.20 shares, 1.52%).

The filing includes a disclaimer stating that "neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934." The filing also certifies that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The statement was signed by Menashe Debby, Investment Accountant, and Ahuvit Siodmak, CPA, both on November 11, 2026.

What Was Disclosed

Migdal Insurance & Financial Holdings Ltd. filed a Schedule 13G reporting that its subsidiaries collectively held 1,917,703.30 ordinary shares of Nayax Ltd, equal to 5.03% of the class, as of November 5, 2026, with all voting and dispositive power held on a shared basis.