Israeli non-banking financial solutions provider Nawi Brothers Group is planning to buy a controlling interest in credit card company Isracard.

If Nawi Brothers buys only 30 percent of Isracard's shares, the minimum required for a controlling core, it will be an 800 million Israeli new shekel ($221 million) transaction.

Currently, Bank Hapoalim, which controls Isracard, is preparing an offering on the Tel Aviv Stock Exchange expected to secure $690.1 million.

In the first nine months of 2018, Nawi Brothers grew its revenue grew 14 percent to $30 million.