| Company type | Public |
|---|---|
| Founded | 1935 |
| Headquarters | , |
| Website | www |
Menora Mivtachim is an Israeli insurance company that is publicly traded on the Tel Aviv Stock Exchange. [1]
| Company type | Public |
|---|---|
| Founded | 1935 |
| Headquarters | , |
| Website | www |
Menora Mivtachim is an Israeli insurance company that is publicly traded on the Tel Aviv Stock Exchange. [1]
The company was founded in 1935 as General Liability Office and changed its name to Menora Mivtachim Holdings in 2006. [2] It is headquartered in Tel Aviv, [2] and its products include "life assurance, health insurance, car insurance, business insurance and personal insurance." [3] In January 2018, it was described by The New York Times as "one of Israel's largest financial institutions." [4]
In 2009, The Israeli Ministry of Finance led a probe into Menora Mivtachim funds. In 2010, the company was fined $3.9 million (2010 USD) for issuing loans without requisite securities. [1] [2] Menora cooperated with the investigation and addressed the issues that surfaced.
In 2017, Menora Mivtachim invested "roughly $30 million" in Kushner Companies, [4] which was spent on "a Maryland development." [5] The company also invested $60 million together with Canadian Solar Inc., to develop solar power projects in Israel. [3] [4]
In 2018, Menora Mivtachim joined the strategic team behind IBM's Alpha Zone startup accelerator [5] that focuses on post Seed & Round A funded companies in the fields of Retail, Healthcare, Transport, Energy, Telco and Media. [6]
Menora Mivtachim holds 4% in Wix, after initially investing in 2017 and increasing their investment dramatically in 2018. [7]
Israel Discount Bank, Ltd. is a retail bank, commercial bank, private bank and financial services company headquartered in Tel Aviv with 112 branches throughout Israel.
Yad Eliyahu Arena, Hebrew: היכל יד אליהו, known as the Menora Mivtachim Arena and formerly as the Nokia Arena for commercial reasons, is a large multi-purpose sports indoor arena that is located in southeast Tel Aviv, Israel. The arena is primarily used to host tennis matches, basketball games, and concerts.
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ITO Shmeltzer Holdings LTD, widely known as Shlomo Group is a holdings company in Israel, consists car services, automotive, real estate, communications infrastructures, insurance, shipyards services and logistics, and more. The group was founded in 1969 by Shlomo Shmeltzer, the company started out as a car rental, leasing and automotive services company. and today, through subsidiaries, it handles car services, real estate business, communications infrastructures, insurance, shipyard services, logistics and more.
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The 2018 Israeli Basketball Premier League Final Four, for sponsorship reasons the Winner League Final Four, the concluding tournament of the 2017–18 Israeli Basketball Premier League. It was the eight Israeli Final Four. The event was held in the Menora Mivtachim Arena, Tel Aviv from June 10 until June 14, 2018.
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Shortly before, his family real estate company received a roughly $30 million investment from Menora Mivtachim, an insurer that is one of Israel's largest financial institutions, according to a Menora executive.
According to the report, the funds were directed into a Maryland development.