Migdal (company)
Encyclopedia
Migdal Insurance and Financial Holdings Ltd. is one of the largest and oldest Israel
i insurance companies. Founded in Jerusalem in 1934, the original group of investors included local Palestinian Jew
s, families from Egypt
and Italy
and Assicurazioni Generali
which held a 50% stake and provided the original financial and professional backing. Generali currently owns about 59% 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
.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
i insurance companies. Founded in Jerusalem in 1934, the original group of investors included local Palestinian Jew
Palestinian Jew
A Palestinian Jew is a Jewish inhabitant of Palestine at various points in the region's history . Jews in Palestine prior to the establishment of the State of Israel are more commonly referred to as "Yishuv"...
s, families from Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
and Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
and Assicurazioni Generali
Assicurazioni Generali
Assicurazioni Generali S.p.A. is the largest insurance company in Italy and one of the largest in Europe. It has its headquarters in Trieste...
which held a 50% stake and provided the original financial and professional backing. Generali currently owns about 59% of Migdal's shares, and Bank Leumi
Bank Leumi
Bank Leumi is an Israeli bank. It was founded in London as the Anglo Palestine Company on February 27, 1902, by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of Palestine.-History:...
owns almost 10%.
In September 1996, Migdal made its initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
.