Migdal (company)

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For other uses, see Migdal (disambiguation).

Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל‎) (TASEMGDL) is one of the largest and oldest Israeli insurance companies.

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]

References[edit]

External links[edit]