Migdal Insurance
Full Text
מגדל אחזקות ביטוח ופיננסים בע"מ
Head office: Ef'al St. 4, Petah Tikva 4951229, Israel. Tel.: +972-76-8868962
A publicly traded Israeli insurance and finance group. The company is engaged in the fields of insurance, pension, provident funds, capital markets and financial services.
As previous research by Who Profits has shown, Migdal and other major Israeli insurance companies are complicit in financing settlement construction, settlement transportation projects, exploitation of occupied natural resources, and in Israel’s military-industrial complex, both directly and through their holdings in other complicit companies.
For more on the previous complicity of Israeli insurance companies and pension funds, see Who Profits’ 2022 report: Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights.
Financing Military Projects
In December 2024, Migdal signed a partnership agreement with Shikun & Binui for three defense infrastructure projects for the Ministry of Defense.
The projects include the construction and operation of the military's “Wide Horizon” (Ofek Rahav) recruits complex, “Kiryat HaTikshuv” military ICT campus, and “Kiryat HaModiin” military Intelligence campus, which are carried out by Shikun & Binui Group as part of the Ministry of Defense's plan to relocate military bases to the Naqab. According to the agreement, Migdal, together with Clal Insurance, will hold 50% of Shikun & Binui's holdings in the concessionaire companies in the projects in exchange for NIS 244 million.
Exploitation of Occupied Natural Resources
Through financing and holdings in other companies, Migdal has financed renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet
Migdal holds 10.06% of the shares of Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Migdal participated in the financing of Enlight’s "Ruach Beresheet" Wind Energy Project in the occupied Syrian Golan. In July 2020, Migdal, as part of a consortium with Hapoalim Bank, signed a financing agreement with Enlight Renewable Energy for the establishment of the wind farm. The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the area’s settlements. The wind farm features 39 wind turbines and is expected to provide electricity to 70,000 households from both sides of the Green Line.
ARAN Wind Project
Migdal holds 6.54% of the shares of Afcon Holdings, which won the tender for Afcon won the tender for carrying out electrical works and civil infrastructure for the ARAN project. The ARAN project, carried out by Energix Renewable Energies, is a large wind turbine farm in the occupied Syrian Golan. The project will include 41 wind turbines, 200 meters long each, built on agricultural land owned by Syrian farmers.
For more on the Israeli renewable energy industry in the occupied Syrian Golan, see Who Profits’ reports Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources, and Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan.
Financing Settlement Transportation – The Jerusalem Light Rail
In 2020, Migdal, together with Hapoalim Bank and the First International Bank of Israel, financed the Jerusalem Light Rail expansion of the Red Line and the construction of the Green Line in occupied East Jerusalem. The companies awarded CAF and Shapir Engineering and Industry with NIS 3.5 billion for the J-Net Project.
The Jerusalem Light Rail connects Israeli settlements in occupied East Jerusalem to the center of the city and its western side and is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The J-Net Project.
Holdings in Complicit Companies
Through its holdings in other companies, Migdal is complicit in the exploitation of occupied natural resources, development of settlement infrastructure and settlement construction, and providing services to the Israeli military and Israel Police.
Migdal holds 12.89% of the shares of Israeli real estate and infrastructure company, Electra, which is involved in construction in the occupied West Bank and East Jerusalem and provides service to the Israeli military and the Israel Police.
Migdal holds 11.79% of the shares of Paz Energy which provides fueling services to the Israeli Ministry of Defense, the Israeli Civil Administration in the occupied West Bank, the Israel Police and Israel Prison Service. In addition, the company operates gas stations and convenience stores in the occupied West Bank, East Jerusalem and Syrian Golan.
Migdal holds 9.86% of the shares of Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, and to the Israeli military Civil Administration in the occupied West Bank.
Migdal holds 9.7% of the shares of Israeli security services company G1 Secure Solutions. The company provides security services and equipment to settlements and to Israeli checkpoints in the occupied West Bank. In addition, the company provides services to the Israeli Police and Israeli Prison Services.
Migdal holds 9.49% of the shares of Israeli IT company One Software Technologies, which supplies computing services, computers, and equipment to the Israeli Ministry of Defense, the Israeli Civil Administration in the West Bank, and the Israeli military District Coordination and Liaison (DCL) Gaza. The company has also provided services to the Israel Prison Service.
Migdal holds 9.41% of the shares of Israeli construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and infrastructure in the occupied West Bank and East Jerusalem. The company also provides services to the Israeli Ministry of Defense and was involved in the construction of the barrier surrounding the besieged Gaza.
Migdal holds 8.99% of the shares of Israeli telecommunications company Cellcom Israel which provides telecommunication services and cellular infrastructure to settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. The company provides cellular and internet services to the Israeli Ministry of Defense, the Israeli military and the Israeli Civil Administration in the occupied West Bank. The company has provided cellular infrastructure to the Israeli military inside occupied Gaza.
Migdal holds 7.65% of the shares of Shapir Engineering and Industry, which is engaged in the extraction of occupied natural resources, construction on occupied Palestinian land, and provides services to the Israeli Ministry of Defense.
Migdal holds 7.18% of the shares of Shufersal, which operates supermarket and drugstore branches in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
Migdal holds 6.94% of the shares of Israeli telecommunications company Bezeq which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, the Israeli military, the Israel Police and the Israel Prison Service.
Migdal holds 6.87% of the shares of Israeli mineral and chemicals company ICL Group, which extracts occupied natural resources from the Dead Sea and provides services to settlements in the occupied West Bank and the Syrian Golan.
Migdal holds 6.54% of the shares of Afcon Holdings. Which is involved in renewable energy projects in the occupied Syrian Golan. Additionally, Afcon supplies services to the Israeli military, the Israel Prison Service and the Israel Police.
Holdings in Weapon Companies
Migdal holds 6.86% of the shares in Israeli weapon system manufacturer Smart Shooter, which provides remote-controlled weapon systems to the Israeli military used in the occupied West Bank and Gaza.
Migdal holds shares in Elbit systems, Israel’s biggest military and arms company, which supplies weapon and surveillance systems extensively used by the Israeli military in the occupied West Bank and used in the ongoing attacks on Gaza.
A publicly traded Israeli insurance and finance group. The company is engaged in the fields of insurance, pension, provident funds, capital markets and financial services.
As previous research by Who Profits has shown, Migdal and other major Israeli insurance companies are complicit in financing settlement construction, settlement transportation projects, exploitation of occupied natural resources, and in Israel’s military-industrial complex, both directly and through their holdings in other complicit companies.
For more on the previous complicity of Israeli insurance companies and pension funds, see Who Profits’ 2022 report: Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights.
Financing Military Projects
In December 2024, Migdal signed a partnership agreement with Shikun & Binui for three defense infrastructure projects for the Ministry of Defense.
The projects include the construction and operation of the military's “Wide Horizon” (Ofek Rahav) recruits complex, “Kiryat HaTikshuv” military ICT campus, and “Kiryat HaModiin” military Intelligence campus, which are carried out by Shikun & Binui Group as part of the Ministry of Defense's plan to relocate military bases to the Naqab. According to the agreement, Migdal, together with Clal Insurance, will hold 50% of Shikun & Binui's holdings in the concessionaire companies in the projects in exchange for NIS 244 million.
Exploitation of Occupied Natural Resources
Through financing and holdings in other companies, Migdal has financed renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet
Migdal holds 10.06% of the shares of Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Migdal participated in the financing of Enlight’s "Ruach Beresheet" Wind Energy Project in the occupied Syrian Golan. In July 2020, Migdal, as part of a consortium with Hapoalim Bank, signed a financing agreement with Enlight Renewable Energy for the establishment of the wind farm. The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the area’s settlements. The wind farm features 39 wind turbines and is expected to provide electricity to 70,000 households from both sides of the Green Line.
ARAN Wind Project
Migdal holds 6.54% of the shares of Afcon Holdings, which won the tender for Afcon won the tender for carrying out electrical works and civil infrastructure for the ARAN project. The ARAN project, carried out by Energix Renewable Energies, is a large wind turbine farm in the occupied Syrian Golan. The project will include 41 wind turbines, 200 meters long each, built on agricultural land owned by Syrian farmers.
For more on the Israeli renewable energy industry in the occupied Syrian Golan, see Who Profits’ reports Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources, and Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan.
Financing Settlement Transportation – The Jerusalem Light Rail
In 2020, Migdal, together with Hapoalim Bank and the First International Bank of Israel, financed the Jerusalem Light Rail expansion of the Red Line and the construction of the Green Line in occupied East Jerusalem. The companies awarded CAF and Shapir Engineering and Industry with NIS 3.5 billion for the J-Net Project.
The Jerusalem Light Rail connects Israeli settlements in occupied East Jerusalem to the center of the city and its western side and is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The J-Net Project.
Holdings in Complicit Companies
Through its holdings in other companies, Migdal is complicit in the exploitation of occupied natural resources, development of settlement infrastructure and settlement construction, and providing services to the Israeli military and Israel Police.
Migdal holds 12.89% of the shares of Israeli real estate and infrastructure company, Electra, which is involved in construction in the occupied West Bank and East Jerusalem and provides service to the Israeli military and the Israel Police.
Migdal holds 11.79% of the shares of Paz Energy which provides fueling services to the Israeli Ministry of Defense, the Israeli Civil Administration in the occupied West Bank, the Israel Police and Israel Prison Service. In addition, the company operates gas stations and convenience stores in the occupied West Bank, East Jerusalem and Syrian Golan.
Migdal holds 9.86% of the shares of Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, and to the Israeli military Civil Administration in the occupied West Bank.
Migdal holds 9.7% of the shares of Israeli security services company G1 Secure Solutions. The company provides security services and equipment to settlements and to Israeli checkpoints in the occupied West Bank. In addition, the company provides services to the Israeli Police and Israeli Prison Services.
Migdal holds 9.49% of the shares of Israeli IT company One Software Technologies, which supplies computing services, computers, and equipment to the Israeli Ministry of Defense, the Israeli Civil Administration in the West Bank, and the Israeli military District Coordination and Liaison (DCL) Gaza. The company has also provided services to the Israel Prison Service.
Migdal holds 9.41% of the shares of Israeli construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and infrastructure in the occupied West Bank and East Jerusalem. The company also provides services to the Israeli Ministry of Defense and was involved in the construction of the barrier surrounding the besieged Gaza.
Migdal holds 8.99% of the shares of Israeli telecommunications company Cellcom Israel which provides telecommunication services and cellular infrastructure to settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. The company provides cellular and internet services to the Israeli Ministry of Defense, the Israeli military and the Israeli Civil Administration in the occupied West Bank. The company has provided cellular infrastructure to the Israeli military inside occupied Gaza.
Migdal holds 7.65% of the shares of Shapir Engineering and Industry, which is engaged in the extraction of occupied natural resources, construction on occupied Palestinian land, and provides services to the Israeli Ministry of Defense.
Migdal holds 7.18% of the shares of Shufersal, which operates supermarket and drugstore branches in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
Migdal holds 6.94% of the shares of Israeli telecommunications company Bezeq which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, the Israeli military, the Israel Police and the Israel Prison Service.
Migdal holds 6.87% of the shares of Israeli mineral and chemicals company ICL Group, which extracts occupied natural resources from the Dead Sea and provides services to settlements in the occupied West Bank and the Syrian Golan.
Migdal holds 6.54% of the shares of Afcon Holdings. Which is involved in renewable energy projects in the occupied Syrian Golan. Additionally, Afcon supplies services to the Israeli military, the Israel Prison Service and the Israel Police.
Holdings in Weapon Companies
Migdal holds 6.86% of the shares in Israeli weapon system manufacturer Smart Shooter, which provides remote-controlled weapon systems to the Israeli military used in the occupied West Bank and Gaza.
Migdal holds shares in Elbit systems, Israel’s biggest military and arms company, which supplies weapon and surveillance systems extensively used by the Israeli military in the occupied West Bank and used in the ongoing attacks on Gaza.
A publicly traded Israeli insurance and finance group. The company is engaged in the fields of insurance, pension, provident funds, capital markets and financial services.
As previous research by Who Profits has shown, Migdal and other major Israeli insurance companies are complicit in financing settlement construction, settlement transportation projects, exploitation of occupied natural resources, and in Israel’s military-industrial complex, both directly and through their holdings in other complicit companies.
For more on the previous complicity of Israeli insurance companies and pension funds, see Who Profits’ 2022 report: Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights.
Financing Military Projects
In December 2024, Migdal signed a partnership agreement with Shikun & Binui for three defense infrastructure projects for the Ministry of Defense.
The projects include the construction and operation of the military's “Wide Horizon” (Ofek Rahav) recruits complex, “Kiryat HaTikshuv” military ICT campus, and “Kiryat HaModiin” military Intelligence campus, which are carried out by Shikun & Binui Group as part of the Ministry of Defense's plan to relocate military bases to the Naqab. According to the agreement, Migdal, together with Clal Insurance, will hold 50% of Shikun & Binui's holdings in the concessionaire companies in the projects in exchange for NIS 244 million.
Exploitation of Occupied Natural Resources
Through financing and holdings in other companies, Migdal has financed renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet
Migdal holds 10.06% of the shares of Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Migdal participated in the financing of Enlight’s "Ruach Beresheet" Wind Energy Project in the occupied Syrian Golan. In July 2020, Migdal, as part of a consortium with Hapoalim Bank, signed a financing agreement with Enlight Renewable Energy for the establishment of the wind farm. The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the area’s settlements. The wind farm features 39 wind turbines and is expected to provide electricity to 70,000 households from both sides of the Green Line.
ARAN Wind Project
Migdal holds 6.54% of the shares of Afcon Holdings, which won the tender for Afcon won the tender for carrying out electrical works and civil infrastructure for the ARAN project. The ARAN project, carried out by Energix Renewable Energies, is a large wind turbine farm in the occupied Syrian Golan. The project will include 41 wind turbines, 200 meters long each, built on agricultural land owned by Syrian farmers.
For more on the Israeli renewable energy industry in the occupied Syrian Golan, see Who Profits’ reports Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources, and Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan.
Financing Settlement Transportation – The Jerusalem Light Rail
In 2020, Migdal, together with Hapoalim Bank and the First International Bank of Israel, financed the Jerusalem Light Rail expansion of the Red Line and the construction of the Green Line in occupied East Jerusalem. The companies awarded CAF and Shapir Engineering and Industry with NIS 3.5 billion for the J-Net Project.
The Jerusalem Light Rail connects Israeli settlements in occupied East Jerusalem to the center of the city and its western side and is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The J-Net Project.
Holdings in Complicit Companies
Through its holdings in other companies, Migdal is complicit in the exploitation of occupied natural resources, development of settlement infrastructure and settlement construction, and providing services to the Israeli military and Israel Police.
Migdal holds 12.89% of the shares of Israeli real estate and infrastructure company, Electra, which is involved in construction in the occupied West Bank and East Jerusalem and provides service to the Israeli military and the Israel Police.
Migdal holds 11.79% of the shares of Paz Energy which provides fueling services to the Israeli Ministry of Defense, the Israeli Civil Administration in the occupied West Bank, the Israel Police and Israel Prison Service. In addition, the company operates gas stations and convenience stores in the occupied West Bank, East Jerusalem and Syrian Golan.
Migdal holds 9.86% of the shares of Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, and to the Israeli military Civil Administration in the occupied West Bank.
Migdal holds 9.7% of the shares of Israeli security services company G1 Secure Solutions. The company provides security services and equipment to settlements and to Israeli checkpoints in the occupied West Bank. In addition, the company provides services to the Israeli Police and Israeli Prison Services.
Migdal holds 9.49% of the shares of Israeli IT company One Software Technologies, which supplies computing services, computers, and equipment to the Israeli Ministry of Defense, the Israeli Civil Administration in the West Bank, and the Israeli military District Coordination and Liaison (DCL) Gaza. The company has also provided services to the Israel Prison Service.
Migdal holds 9.41% of the shares of Israeli construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and infrastructure in the occupied West Bank and East Jerusalem. The company also provides services to the Israeli Ministry of Defense and was involved in the construction of the barrier surrounding the besieged Gaza.
Migdal holds 8.99% of the shares of Israeli telecommunications company Cellcom Israel which provides telecommunication services and cellular infrastructure to settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. The company provides cellular and internet services to the Israeli Ministry of Defense, the Israeli military and the Israeli Civil Administration in the occupied West Bank. The company has provided cellular infrastructure to the Israeli military inside occupied Gaza.
Migdal holds 7.65% of the shares of Shapir Engineering and Industry, which is engaged in the extraction of occupied natural resources, construction on occupied Palestinian land, and provides services to the Israeli Ministry of Defense.
Migdal holds 7.18% of the shares of Shufersal, which operates supermarket and drugstore branches in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
Migdal holds 6.94% of the shares of Israeli telecommunications company Bezeq which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, the Israeli military, the Israel Police and the Israel Prison Service.
Migdal holds 6.87% of the shares of Israeli mineral and chemicals company ICL Group, which extracts occupied natural resources from the Dead Sea and provides services to settlements in the occupied West Bank and the Syrian Golan.
Migdal holds 6.54% of the shares of Afcon Holdings. Which is involved in renewable energy projects in the occupied Syrian Golan. Additionally, Afcon supplies services to the Israeli military, the Israel Prison Service and the Israel Police.
Holdings in Weapon Companies
Migdal holds 6.86% of the shares in Israeli weapon system manufacturer Smart Shooter, which provides remote-controlled weapon systems to the Israeli military used in the occupied West Bank and Gaza.
Migdal holds shares in Elbit systems, Israel’s biggest military and arms company, which supplies weapon and surveillance systems extensively used by the Israeli military in the occupied West Bank and used in the ongoing attacks on Gaza.
Migdal Insurance
מגדל אחזקות ביטוח ופיננסים בע"מ
Head office: Ef'al St. 4, Petah Tikva 4951229, Israel. Tel.: +972-76-8868962
A publicly traded Israeli insurance and finance group. The company is engaged in the fields of insurance, pension, provident funds, capital markets and financial services.
As previous research by Who Profits has shown, Migdal and other major Israeli insurance companies are complicit in financing settlement construction, settlement transportation projects, exploitation of occupied natural resources, and in Israel’s military-industrial complex, both directly and through their holdings in other complicit companies.
For more on the previous complicity of Israeli insurance companies and pension funds, see Who Profits’ 2022 report: Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights.
Financing Military Projects
In December 2024, Migdal signed a partnership agreement with Shikun & Binui for three defense infrastructure projects for the Ministry of Defense.
The projects include the construction and operation of the military's “Wide Horizon” (Ofek Rahav) recruits complex, “Kiryat HaTikshuv” military ICT campus, and “Kiryat HaModiin” military Intelligence campus, which are carried out by Shikun & Binui Group as part of the Ministry of Defense's plan to relocate military bases to the Naqab. According to the agreement, Migdal, together with Clal Insurance, will hold 50% of Shikun & Binui's holdings in the concessionaire companies in the projects in exchange for NIS 244 million.
Exploitation of Occupied Natural Resources
Through financing and holdings in other companies, Migdal has financed renewable energy projects in the occupied Syrian Golan.
Ruach Beresheet
Migdal holds 10.06% of the shares of Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Migdal participated in the financing of Enlight’s "Ruach Beresheet" Wind Energy Project in the occupied Syrian Golan. In July 2020, Migdal, as part of a consortium with Hapoalim Bank, signed a financing agreement with Enlight Renewable Energy for the establishment of the wind farm. The wind farm is located in Tel el Farass area in the southeast of the Syrian Golan and was established by the company in partnership with the area’s settlements. The wind farm features 39 wind turbines and is expected to provide electricity to 70,000 households from both sides of the Green Line.
ARAN Wind Project
Migdal holds 6.54% of the shares of Afcon Holdings, which won the tender for Afcon won the tender for carrying out electrical works and civil infrastructure for the ARAN project. The ARAN project, carried out by Energix Renewable Energies, is a large wind turbine farm in the occupied Syrian Golan. The project will include 41 wind turbines, 200 meters long each, built on agricultural land owned by Syrian farmers.
For more on the Israeli renewable energy industry in the occupied Syrian Golan, see Who Profits’ reports Greenwashing Dispossession: The Israeli Renewable Energy Industry and the Exploitation of Occupied Natural Resources, and Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan.
Financing Settlement Transportation – The Jerusalem Light Rail
In 2020, Migdal, together with Hapoalim Bank and the First International Bank of Israel, financed the Jerusalem Light Rail expansion of the Red Line and the construction of the Green Line in occupied East Jerusalem. The companies awarded CAF and Shapir Engineering and Industry with NIS 3.5 billion for the J-Net Project.
The Jerusalem Light Rail connects Israeli settlements in occupied East Jerusalem to the center of the city and its western side and is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The J-Net Project.
Holdings in Complicit Companies
Through its holdings in other companies, Migdal is complicit in the exploitation of occupied natural resources, development of settlement infrastructure and settlement construction, and providing services to the Israeli military and Israel Police.
Migdal holds 12.89% of the shares of Israeli real estate and infrastructure company, Electra, which is involved in construction in the occupied West Bank and East Jerusalem and provides service to the Israeli military and the Israel Police.
Migdal holds 11.79% of the shares of Paz Energy which provides fueling services to the Israeli Ministry of Defense, the Israeli Civil Administration in the occupied West Bank, the Israel Police and Israel Prison Service. In addition, the company operates gas stations and convenience stores in the occupied West Bank, East Jerusalem and Syrian Golan.
Migdal holds 9.86% of the shares of Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, and to the Israeli military Civil Administration in the occupied West Bank.
Migdal holds 9.7% of the shares of Israeli security services company G1 Secure Solutions. The company provides security services and equipment to settlements and to Israeli checkpoints in the occupied West Bank. In addition, the company provides services to the Israeli Police and Israeli Prison Services.
Migdal holds 9.49% of the shares of Israeli IT company One Software Technologies, which supplies computing services, computers, and equipment to the Israeli Ministry of Defense, the Israeli Civil Administration in the West Bank, and the Israeli military District Coordination and Liaison (DCL) Gaza. The company has also provided services to the Israel Prison Service.
Migdal holds 9.41% of the shares of Israeli construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and infrastructure in the occupied West Bank and East Jerusalem. The company also provides services to the Israeli Ministry of Defense and was involved in the construction of the barrier surrounding the besieged Gaza.
Migdal holds 8.99% of the shares of Israeli telecommunications company Cellcom Israel which provides telecommunication services and cellular infrastructure to settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. The company provides cellular and internet services to the Israeli Ministry of Defense, the Israeli military and the Israeli Civil Administration in the occupied West Bank. The company has provided cellular infrastructure to the Israeli military inside occupied Gaza.
Migdal holds 7.65% of the shares of Shapir Engineering and Industry, which is engaged in the extraction of occupied natural resources, construction on occupied Palestinian land, and provides services to the Israeli Ministry of Defense.
Migdal holds 7.18% of the shares of Shufersal, which operates supermarket and drugstore branches in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
Migdal holds 6.94% of the shares of Israeli telecommunications company Bezeq which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, the Israeli military, the Israel Police and the Israel Prison Service.
Migdal holds 6.87% of the shares of Israeli mineral and chemicals company ICL Group, which extracts occupied natural resources from the Dead Sea and provides services to settlements in the occupied West Bank and the Syrian Golan.
Migdal holds 6.54% of the shares of Afcon Holdings. Which is involved in renewable energy projects in the occupied Syrian Golan. Additionally, Afcon supplies services to the Israeli military, the Israel Prison Service and the Israel Police.
Holdings in Weapon Companies
Migdal holds 6.86% of the shares in Israeli weapon system manufacturer Smart Shooter, which provides remote-controlled weapon systems to the Israeli military used in the occupied West Bank and Gaza.
Migdal holds shares in Elbit systems, Israel’s biggest military and arms company, which supplies weapon and surveillance systems extensively used by the Israeli military in the occupied West Bank and used in the ongoing attacks on Gaza.
Ownership
Major shareholders include Shlomo Eliahu (45.49%), Pheonix Financial (7.02%), Harel Insurance & Financial Services Ltd. (5.29%)
Chair of the Board of Directors: Ronni Gamzu
CEO: Yossi Ben Baruch
Subsidiaries
Migdal Insurance Company Ltd. (100%), Migdal Capital Markets (1965) Ltd. (100%),Migdal Mackefet Pension & Provident Funds Ltd. (100%), Migdal Holdings and Management of Insurance Agencies Ltd. (100%), Mivtach – Simon Insurance Agencies Ltd. (100%), Mackefet Financial Services-Insurance Agency (1998) (100%), Sagi Yogev Insurance Agencies (1998) Ltd. (100%), Ehud Insurnace Agencies Network Ltd. (100%), Shaham Orlan Insurance Agencies (1977) Ltd. (100%), Migdal Health and Quality of Life Ltd.(100%), Migdal Management Services Ltd. (100%), Data Car Israel (100%), Peltours Insurance Agencies Ltd. (73.28%).
Partners
CAF (Construcciones y Auxiliar de Ferrocarriles), Shapir Engineering and Industry, Hapoalim Bank, First International Bank of Israel, Clal Insurance Enterprise Holdings, Shikun & Binui Group.
* This section refers to the company's general business partners