Africa Israel Investments

Africa Israel Investments

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Africa Israel Investments

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Description:
Africa Israel Investments Ltd. () - AFI GROUP - is an international holding and investment company based in Yehud, Israel.AFI Group consists of several private and public companies active in areas such as real estate, construction, infrastructure, manufacturing, tourism and leisure.The company’s share are traded on the Tel Aviv Stock Exchange, and are a constitute of the TA-25 Index.

History

Early years

Africa Israel Investments was founded in 1934, during the British Mandate, by Jewish investors from South Africa who wanted to support the development of the local economy of the Yishuv. After the establishment of the state of Israel the company expanded its commercial and financial activities and was one of the first companies in the country who's shares were traded on the Tel Aviv Stock Exchange. In the early 1970s control of the company was acquired by Bank Leumi. From 1978 to 1996 Shlomo Grofman served as President and CEO of the company. In early 1997, Lev Leviev acquired control of the company and Groopman left.

Acquisition by Lev Leviev

In November 1996, the Diamond Cutter and diamond merchant Lev Leviev acquired control from Bank Leumi;Strasler, Nehemia. . Jerusalem Post. March 5, 1997. he soon expanded the group’s activities into new markets and territories. Including: energy - Dor-Alon in Israel, US and Europe. Real Estate - AFI development, Russia, USA and Europe. Manufacturing - AFI Industries (by acquiring Packer......
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