Migdal (company)

(Redirected from Migdal Insurance)

Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל) (TASEMGDL) is an Israeli insurance company.

History

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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

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References

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