Africa Israel Investments Ltd.
() - AFI GROUP - is an international holding
and investment company
based in Yehud
.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
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......