Migdal (company)
Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל) (TASE: MGDL) is an Israeli insurance company.
History[edit]
Migdal was founded in Jerusalem in 1934. The original group of investors included local Palestinian Jews, families from Egypt and Italy and the Italian insurance company Assicurazioni Generali which held a 50% stake and provided the original financial and professional backing.
Generali eventually held 70% of Migdal's shares, and Bank Leumi owns almost 10%.
In September 1996, Migdal made its initial public offering on the Tel Aviv Stock Exchange, selling 20% shares stake.
In March 2012 Assicurazioni Generali sold Migdal to Shlomo Eliahu.[1]
See also[edit]
References[edit]
- ^ Shlomo Eliahu buys Migdal from Generali 7 March 2012, Globes
