Migdal (company)
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For other uses, see Migdal (disambiguation).
Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל), is one of the largest and oldest Israeli insurance companies. Founded in Jerusalem in 1934, the original group of investors included local Palestinian Jews, 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.
