Migdal (company)
(Redirected from Migdal Insurance)
Native name | מגדל חברה לביטוח בע"מ |
|---|---|
| Company type | Public |
| MGDL | |
| Industry | |
| Founded | 1935 |
| Headquarters | , |
Key people | Shlomo Eliahu (owner) |
| Products | |
| Website | www.migdal.co.il |
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.[citation needed]
Generali eventually held 70% of Migdal's shares, and Bank Leumi owns almost 10%.[citation needed]
In September 1996, Migdal made its initial public offering on the Tel Aviv Stock Exchange, selling 20% shares stake.[citation needed]
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
