Jump to content

Migdal (company)

From Wikipedia, the free encyclopedia
(Redirected from Migdal Insurance)

Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל) (TASEMGDL) 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]
[edit]