Migdal Insurance and Financial Holdingsמגדל אחזקות ביטוח ופיננסים בע"מ

Head office: 4 Efa'al St., Petah- Tikva, 4951229 Tel: +972-76-8868962 www.migdal.co.il

A publicly-traded Israeli company operating in the fields of insurance, pensions and financial services.

Financing settlement transport and energy projects:

The company participated in the financing of the “Beresheet” wind energy project in the occupied Syrian Golan. According to Who Profits research, the planned wind farm takes up an area of 12,654,000 m2 of Syrian land and is expected to generate 130 MW through 42 wind turbines, enough to power approximately 60,000 households. The wind farm will benefit the following settlements: Yonatan, Ramat Magshimim, Mevo Hama, Avnei Eitan, Alonei Habashan, Natur, Kanaf and Maale Gamla. For more on the wind energy industry in the Golan, read Who Profits report Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan.

The company, along with Hapoalim Bank and a third firm, financed the expansion of the Red Line and the construction of the Green Line of the Jerusalem Light Rail (JLR) with NIS 3.5 million.  The Jerusalem Light Rail connects Israeli settlements in occupied East Jerusalem with the western part of the city. For more on the JLR, read Who Profits update Spanish CAF and Israeli Shapir Win Tender to Expand Jerusalem Light Rail.

Ownership in 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 5.26% of the share of Shikun & Binui, 10.65% of Enlight Renewable Energy’s shares (constituting the biggest institutional shareholder of the company), 11.11% of Energix’s Shares, 11.3 of Electra’s shares, 6.88% of Afcon’s shares, 9.82 of G1’s shares, 11.35% of Matrix’s shares and 7.39% of Shapir Engineering and Industry’s shares.


Eliahu Issues Ltd. owns 64.28% of the company’s shares. The ultimate owner of Eliahu Issues is Shlomo Eliahu, who owns 25.14% of the company’s shares, and 98% of its management shares.

Chairman- Shlomo Eliahu

CEO- Gabriel Peeker


Fully owned subsidiaries: Migdal Insurance Company Ltd.; Migdal Makefet Pension and Gemel Funds Ltd.; Migdal Holdings and Management of Insurance Agencies Ltd.; Mivtach-Simon Insurance Agencies Ltd.; Sagi Yogev Insurance Agencies (1988) Ltd.; Migdal Real Estate Holdings Ltd.; Hamagen Asstes Ltd.; Pel-Hamagen House Ltd.; Migdal Insurance Capital Raising Ltd.; Migdal Capital Markets (1965) Ltd.; Migdal Investment Portfolio Manageent (1998) Ltd.; Migdal Mutual Funds Ltd.; Migdal Underwriting and Business Initiatives Ltd.; Migdal Market Making Ltd.; Migdal Health and Quality of Life Ltd.; Ahod Insurance Agency Chains Ltd.; B-Wall Solutions for Quality of Life Ltd.

Other subsidiaries include: Peltours Insurance Agencies Ltd. (73.28%)


Swiss Reinsurance Co.; Hannover Reinsurance Co.; Assicurazioni Generali SpA.

The company’s subsidiary, Mivtach-Simon, provides financial services to companies such as Elbit Systems, Microsoft, Cellcom and Amdocs.

All the information contained in this page is valid until Mon 11/04/2022