A publicly-traded Israeli company operating in the all fields relating to life insurance, pension, general insurance and health insurance. The compay also provides financial services to businesses and invests in real-estate.
In 2019, Menorah Mevtahim (along with Jerusalem Bank), accompanied the company A. Barkan’s project in the illegal settlement of Ariel, occupied West Bank. Menorah held as collateral the company’s rights in the project, its rights in the bank, and its rights from the Custodian of Abandoned Property in the West Bank and the Israeli Ministry of Construction and Housing (IMOCH), and any grants and funds given to the company from contractors.
In 2019 and 2021, Menorah Mivtahim accompanied the company Shlomo Cohen in its project in the settlement of Ma’ale Adumim, occupied West Bank. Mehorah held as collateral the company’s rights in the project, its rights in the bank, and its rights from the Custodian of Abandoned Property in the West Bank and the IMOCH, and any grants and funds given to the company from contractors.
In 2018, Menorah granted Dalia Eliaspor a mortgage for its project in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem.
Teralight is a publicly-traded Israeli company established in 2021 to hold the shares of Menorah Mivtachim Energy, a subsidiary of Menorah. Currently the company is no longer a subsidiary of MEnorah, but Palamas Establishment and Najaden Establishment, the controlling shareholders in Menorah, each own 26.91% of shares in Tera Light, while Harel owns 5.99%. Tera Light is involved in establishing a solar energy field currently under construction in the occupied Jordan Valley, along with 12 settlement agricultural cooperatives. Once completed, the field will be Israel’s largest solar field in the occupied West Bank, covering up to 3,000 dunams of land and will generate 360 MW of electricity. The field is expected to be connected to Israel’s national electricity grid in 2024.
The company participated in the financing of the Israeli military’s City of Training Bases in the Naqab. The total cost of the establishment of the base was NIS 1.6 billion. The military base stretches over 2,500 dunams and includes 134 buildings and hosts around 10,000 Israeli permanent soldiers.
Ownership of complicit companies:
The company holds shares in several companies that are complicit in the Israeli occupation, either through construction on occupied land, bolstering the Israeli security apparatus, exploitation of natural resources and providing services to settlements. It holds 7.96% of the share of Shikun & Binui, 5.21% of Enlight Renewable Energy’s shares, 7.57% of Ashtrom‘s Shares, 7.25% of Formula System’s shares, 6.51% of Afcon’s shares, 14.42% of G1‘s shares (constituting the second largest controlling shareholder of the company).