Clal Insurance Enterprises Holdings
Full Text
כלל החזקות עסקי ביטוח בע"מ
Head office: Raoul Wallenberg St. 36, Tel Aviv-Jaffa 6136902, Israel. Tel.: +972-3-6387577
A public Israeli holding company active primarily in the fields of insurance, pensions, provident funds, finance, and credit cards. The Group is one of the largest financial insurance and credit card groups in Israel.
Clal has provided financing for settlement expansion projects and is engaged in the provision of services to settlements and in the exploitation of occupied natural resources. These include telecommunication and energy services, and transportation projects such as the Jerusalem Light Rail.
As previous research by Who Profits has shown, Clal 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 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 Settlement Construction Projects
Construction on Occupied Land
Bar-Amana Buildings Construction & Development Co.
Between 2018 and 2020, Clal provided the Israeli settlement-based construction company Bar-Amana Buildings Construction & Development Co. with loans for construction projects.
Bar-Amana is owned by the settlement movement Amana and considered to be the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied West Bank.
Clal holds the company's rights in several construction projects and occupied land as collateral in the settlements of Karnei Shomron, Efart and Kiryat Arba.
In September 2020, Clal granted Bar-Amana a loan for a construction project of 164 housing units on 22.1 dunams (22,100 square meters) of land in the settlement of Karnei Shomron in the occupied West Bank according to City Plan No. 117/8/13 in Ginot Shomron neighborhood in the settlement as part of the development of the neighborhood and expansion of its entrance road. Clal holds as collateral all the company’s rights in the property and or the project to be built on the land.
In December 2020, Clal granted the company a loan for a construction project in the settlement of Kiryat Arba for construction on 4.903 dunams of land. Clal holds as collateral the company's rights in the project, including all current and\or future sums generated from the project, its rights in its bank accounts, its rights according to the agreement signed between the company and the Custodian of Abandoned Property in the West Bank, its rights to receive any funds and tax refunds, and funds received from buyers and contractors.
In April 2018, Clal granted Bar Amana a loan for a construction project of 40 housing units and a commercial center and office space on 9.83 dunams of land in the settlement of Efrat in the occupied West Bank. The project is part of Plan No. 410/5/4 for construction on lands belonging to the Palestinian villages Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all current and future revenue from the project. In December 2020, Clal granted the company an additional loan for the same project under the same plan for the construction of 106 housing units.
In 2020, Clal Insurance granted Israeli construction company A. Barkan a loan for a construction project of 110 housing units in the settlement of Ariel in the occupied West Bank according to tender 85/2019/יש. Clal holds as collateral the company's rights in the project, including 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 by contractors.
Traklin Yizum Ubniya
In 2020, Clal granted Israeli construction company Traklin Yizum Ubniya loans for the construction of 254 housing units in the settlement of Beit Aryeh.
In March 2020, Clal granted the company a loan for the construction of 118 housing units in the settlement as part of Plan No. 202/2/2 for the allocation of areas for public purposes, housing and infrastructure in the settlement. As part of the agreement, Clal holds as collateral the company's financial and contractual rights in the project, including all of the company's rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In November 2020, Clal granted the company an additional loan for the construction of 136 housing units under the same City Plan. Clal holds as collateral the company's rights in the project, including, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
In November 2016, Clal granted the company a loan for a construction of 80 housing units in the settlement of Beitar Illit in accordance with Plan No. 426/3. As part of the agreement, Clal holds as collateral the company's rights in the project, including all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
Z.F. Building
Between 2018 and 2021, Clal granted Israeli construction company Z.F. Building loans for the construction of a residential and commercial project in the settlement of Efrat, on lands belonging to the Palestinian villages of Al Kahdir and Artis in the occupied West Bank.
In May 2018, Clal granted Z.F. Building a loan for a construction project of 40 housing units with a commercial compound on 9.830 dunams of land in the settlement of Efrat. The project is part of Plan No. 410/5/4 for the rezoning of lands belonging to Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all of its rights in the bank and its rights from an agreement with Bar Amana Buildings Construction & Development Co, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In April 2021, Clal granted the company an additional loan for the same above project.
Financing Israeli Military Projects
In 2022, Clal participated in the financing of the Israeli military ICT campus “Kiryat HaTikshuv”. The NIS 2 billion project was part of the Israeli Ministry of Defense's relocation plan to transfer army bases to the Naqab region, including the ICT Corps’ Technology Unit, the Air Force Technology Unit and the Southern Command headquarters.
For more on military projects in the Naqab, see Who Profits’ interactive map Tools of Dispossession in the Naqab: Development & Military Projects.
Services to the Israel Police
Clal owns the Israel Police Yarkon Region Headquarters building.
Holdings in Complicit Companies
Through its holdings in other companies, Clal Insurance is complicit in providing services to the Israeli Ministry of Defense and the Israeli military, in the exploitation of occupied natural resources, and in the construction and expansion of settlement infrastructure.
Clal holds 8.36% of the shares of Israeli renewable energy, Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Clal holds 7.89% of the shares of Israeli telecommunications company, Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements in the occupied West Bank and East Jerusalem. The company has also provided Telecommunication and internet services to the Israeli military District Coordination and Liaison Office in Gaza and the Israeli Civil Administration in the occupied West Bank.
Clal holds 7.84% of the shares of gas fueling and energy company, Dor Alon Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank and East Jerusalem. Dor Alon also has access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2021.
Clal holds 7.8% of the shares of construction and engineering company Shapir Engineering and Industry, the co-operator and developer of the Jerusalem Light Rail project, which connects Israeli settlements in occupied East Jerusalem. The company also operates a quarry and concrete plant in the occupied West Bank. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
Clal holds 7.56% of the shares of Paz Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. Paz also provides fueling services for the Israeli Air Force and the Israeli Civil Administration in the occupied West Bank, as well as to the Israel Police and the Israel Prison Service.
Clal holds 6.88% of the shares of construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and occupation 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 besieged Gaza.
Clal holds 6.81% of the shares of real estate and infrastructure company Electra, which is involved in the construction of infrastructure and transportation projects in the occupied West Bank and East Jerusalem. The company carries out part of the construction of the Jerusalem Light Rail Blue Line in occupied East Jerusalem. Electra has also provided services to the Israeli military, the Israel Police and the Israel Prison Service.
For more on the Jerusalem Light Rail Blue Line, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The Blue Line.
Clal holds 6.69% of the shares of Zabar Solar, which operates three commercial solar fields in the occupied West Bank.
Clal holds 6.4% of the shares of construction company, Danya Cebus, which is involved in the construction of housing and transportation projects in settlements in the occupied West Bank and East Jerusalem. The company is the co-contractor of the Jerusalem Light Rail Blue Line.
Clal holds 5.61% of the shares of construction company Ashtrom Group, which is involved in the exploitation of occupied natural resources. The company operates a quarry in the occupied West Bank, a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Clal holds 5.57% of the shares of IT company One Software Technologies, which supplies a wide range of computing services and equipment to the Israeli Ministry of Defense, incluidng the Coordinator of Government Activities in the Territories (COGAT), the Israeli Civil Administration in the West Bank, and the District Coordination and Liaison in Gaza. The company has also provided services to the Israel Prison Service.
Clal holds 5.59% of the shares of Israeli telecommunication company Bezeq, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, to the Israeli military, the Israel Police and the Israel Prison Service.
Clal holds 2.91% of the shares of Mayer Cars & Trucks Co., the exclusive importer of Volvo Group in Israel. Mayer Cars provides Volvo equipment, vehicles, spare parts and maintenance services to the Israeli Ministry of Defense. Through its subsidiary, Merkavim Transportation Technologies Ltd., jointly held with Volvo Group, Mayer Cars has provided armored buses to settlements in the occupied West Bank and to transportation companies operating bus lines in the occupied West Bank and East Jerusalem. The company has also provided buses for the Israel Prison Service.
Holdings in Israeli Banks
Clal holds 6.59% of the shares of Israel Discount Bank, which is involved in financing settlement construction on occupied land and in providing financial services to settlements' regional and local councils. For more on the involvement of Israeli banks, see their profiles and Who Profits’ dynamic report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
A public Israeli holding company active primarily in the fields of insurance, pensions, provident funds, finance, and credit cards. The Group is one of the largest financial insurance and credit card groups in Israel.
Clal has provided financing for settlement expansion projects and is engaged in the provision of services to settlements and in the exploitation of occupied natural resources. These include telecommunication and energy services, and transportation projects such as the Jerusalem Light Rail.
As previous research by Who Profits has shown, Clal 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 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 Settlement Construction Projects
Construction on Occupied Land
Bar-Amana Buildings Construction & Development Co.
Between 2018 and 2020, Clal provided the Israeli settlement-based construction company Bar-Amana Buildings Construction & Development Co. with loans for construction projects.
Bar-Amana is owned by the settlement movement Amana and considered to be the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied West Bank.
Clal holds the company's rights in several construction projects and occupied land as collateral in the settlements of Karnei Shomron, Efart and Kiryat Arba.
In September 2020, Clal granted Bar-Amana a loan for a construction project of 164 housing units on 22.1 dunams (22,100 square meters) of land in the settlement of Karnei Shomron in the occupied West Bank according to City Plan No. 117/8/13 in Ginot Shomron neighborhood in the settlement as part of the development of the neighborhood and expansion of its entrance road. Clal holds as collateral all the company’s rights in the property and or the project to be built on the land.
In December 2020, Clal granted the company a loan for a construction project in the settlement of Kiryat Arba for construction on 4.903 dunams of land. Clal holds as collateral the company's rights in the project, including all current and\or future sums generated from the project, its rights in its bank accounts, its rights according to the agreement signed between the company and the Custodian of Abandoned Property in the West Bank, its rights to receive any funds and tax refunds, and funds received from buyers and contractors.
In April 2018, Clal granted Bar Amana a loan for a construction project of 40 housing units and a commercial center and office space on 9.83 dunams of land in the settlement of Efrat in the occupied West Bank. The project is part of Plan No. 410/5/4 for construction on lands belonging to the Palestinian villages Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all current and future revenue from the project. In December 2020, Clal granted the company an additional loan for the same project under the same plan for the construction of 106 housing units.
In 2020, Clal Insurance granted Israeli construction company A. Barkan a loan for a construction project of 110 housing units in the settlement of Ariel in the occupied West Bank according to tender 85/2019/יש. Clal holds as collateral the company's rights in the project, including 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 by contractors.
Traklin Yizum Ubniya
In 2020, Clal granted Israeli construction company Traklin Yizum Ubniya loans for the construction of 254 housing units in the settlement of Beit Aryeh.
In March 2020, Clal granted the company a loan for the construction of 118 housing units in the settlement as part of Plan No. 202/2/2 for the allocation of areas for public purposes, housing and infrastructure in the settlement. As part of the agreement, Clal holds as collateral the company's financial and contractual rights in the project, including all of the company's rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In November 2020, Clal granted the company an additional loan for the construction of 136 housing units under the same City Plan. Clal holds as collateral the company's rights in the project, including, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
In November 2016, Clal granted the company a loan for a construction of 80 housing units in the settlement of Beitar Illit in accordance with Plan No. 426/3. As part of the agreement, Clal holds as collateral the company's rights in the project, including all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
Z.F. Building
Between 2018 and 2021, Clal granted Israeli construction company Z.F. Building loans for the construction of a residential and commercial project in the settlement of Efrat, on lands belonging to the Palestinian villages of Al Kahdir and Artis in the occupied West Bank.
In May 2018, Clal granted Z.F. Building a loan for a construction project of 40 housing units with a commercial compound on 9.830 dunams of land in the settlement of Efrat. The project is part of Plan No. 410/5/4 for the rezoning of lands belonging to Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all of its rights in the bank and its rights from an agreement with Bar Amana Buildings Construction & Development Co, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In April 2021, Clal granted the company an additional loan for the same above project.
Financing Israeli Military Projects
In 2022, Clal participated in the financing of the Israeli military ICT campus “Kiryat HaTikshuv”. The NIS 2 billion project was part of the Israeli Ministry of Defense's relocation plan to transfer army bases to the Naqab region, including the ICT Corps’ Technology Unit, the Air Force Technology Unit and the Southern Command headquarters.
For more on military projects in the Naqab, see Who Profits’ interactive map Tools of Dispossession in the Naqab: Development & Military Projects.
Services to the Israel Police
Clal owns the Israel Police Yarkon Region Headquarters building.
Holdings in Complicit Companies
Through its holdings in other companies, Clal Insurance is complicit in providing services to the Israeli Ministry of Defense and the Israeli military, in the exploitation of occupied natural resources, and in the construction and expansion of settlement infrastructure.
Clal holds 8.36% of the shares of Israeli renewable energy, Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Clal holds 7.89% of the shares of Israeli telecommunications company, Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements in the occupied West Bank and East Jerusalem. The company has also provided Telecommunication and internet services to the Israeli military District Coordination and Liaison Office in Gaza and the Israeli Civil Administration in the occupied West Bank.
Clal holds 7.84% of the shares of gas fueling and energy company, Dor Alon Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank and East Jerusalem. Dor Alon also has access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2021.
Clal holds 7.8% of the shares of construction and engineering company Shapir Engineering and Industry, the co-operator and developer of the Jerusalem Light Rail project, which connects Israeli settlements in occupied East Jerusalem. The company also operates a quarry and concrete plant in the occupied West Bank. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
Clal holds 7.56% of the shares of Paz Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. Paz also provides fueling services for the Israeli Air Force and the Israeli Civil Administration in the occupied West Bank, as well as to the Israel Police and the Israel Prison Service.
Clal holds 6.88% of the shares of construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and occupation 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 besieged Gaza.
Clal holds 6.81% of the shares of real estate and infrastructure company Electra, which is involved in the construction of infrastructure and transportation projects in the occupied West Bank and East Jerusalem. The company carries out part of the construction of the Jerusalem Light Rail Blue Line in occupied East Jerusalem. Electra has also provided services to the Israeli military, the Israel Police and the Israel Prison Service.
For more on the Jerusalem Light Rail Blue Line, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The Blue Line.
Clal holds 6.69% of the shares of Zabar Solar, which operates three commercial solar fields in the occupied West Bank.
Clal holds 6.4% of the shares of construction company, Danya Cebus, which is involved in the construction of housing and transportation projects in settlements in the occupied West Bank and East Jerusalem. The company is the co-contractor of the Jerusalem Light Rail Blue Line.
Clal holds 5.61% of the shares of construction company Ashtrom Group, which is involved in the exploitation of occupied natural resources. The company operates a quarry in the occupied West Bank, a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Clal holds 5.57% of the shares of IT company One Software Technologies, which supplies a wide range of computing services and equipment to the Israeli Ministry of Defense, incluidng the Coordinator of Government Activities in the Territories (COGAT), the Israeli Civil Administration in the West Bank, and the District Coordination and Liaison in Gaza. The company has also provided services to the Israel Prison Service.
Clal holds 5.59% of the shares of Israeli telecommunication company Bezeq, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, to the Israeli military, the Israel Police and the Israel Prison Service.
Clal holds 2.91% of the shares of Mayer Cars & Trucks Co., the exclusive importer of Volvo Group in Israel. Mayer Cars provides Volvo equipment, vehicles, spare parts and maintenance services to the Israeli Ministry of Defense. Through its subsidiary, Merkavim Transportation Technologies Ltd., jointly held with Volvo Group, Mayer Cars has provided armored buses to settlements in the occupied West Bank and to transportation companies operating bus lines in the occupied West Bank and East Jerusalem. The company has also provided buses for the Israel Prison Service.
Holdings in Israeli Banks
Clal holds 6.59% of the shares of Israel Discount Bank, which is involved in financing settlement construction on occupied land and in providing financial services to settlements' regional and local councils. For more on the involvement of Israeli banks, see their profiles and Who Profits’ dynamic report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
A public Israeli holding company active primarily in the fields of insurance, pensions, provident funds, finance, and credit cards. The Group is one of the largest financial insurance and credit card groups in Israel.
Clal has provided financing for settlement expansion projects and is engaged in the provision of services to settlements and in the exploitation of occupied natural resources. These include telecommunication and energy services, and transportation projects such as the Jerusalem Light Rail.
As previous research by Who Profits has shown, Clal 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 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 Settlement Construction Projects
Construction on Occupied Land
Bar-Amana Buildings Construction & Development Co.
Between 2018 and 2020, Clal provided the Israeli settlement-based construction company Bar-Amana Buildings Construction & Development Co. with loans for construction projects.
Bar-Amana is owned by the settlement movement Amana and considered to be the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied West Bank.
Clal holds the company's rights in several construction projects and occupied land as collateral in the settlements of Karnei Shomron, Efart and Kiryat Arba.
In September 2020, Clal granted Bar-Amana a loan for a construction project of 164 housing units on 22.1 dunams (22,100 square meters) of land in the settlement of Karnei Shomron in the occupied West Bank according to City Plan No. 117/8/13 in Ginot Shomron neighborhood in the settlement as part of the development of the neighborhood and expansion of its entrance road. Clal holds as collateral all the company’s rights in the property and or the project to be built on the land.
In December 2020, Clal granted the company a loan for a construction project in the settlement of Kiryat Arba for construction on 4.903 dunams of land. Clal holds as collateral the company's rights in the project, including all current and\or future sums generated from the project, its rights in its bank accounts, its rights according to the agreement signed between the company and the Custodian of Abandoned Property in the West Bank, its rights to receive any funds and tax refunds, and funds received from buyers and contractors.
In April 2018, Clal granted Bar Amana a loan for a construction project of 40 housing units and a commercial center and office space on 9.83 dunams of land in the settlement of Efrat in the occupied West Bank. The project is part of Plan No. 410/5/4 for construction on lands belonging to the Palestinian villages Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all current and future revenue from the project. In December 2020, Clal granted the company an additional loan for the same project under the same plan for the construction of 106 housing units.
In 2020, Clal Insurance granted Israeli construction company A. Barkan a loan for a construction project of 110 housing units in the settlement of Ariel in the occupied West Bank according to tender 85/2019/יש. Clal holds as collateral the company's rights in the project, including 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 by contractors.
Traklin Yizum Ubniya
In 2020, Clal granted Israeli construction company Traklin Yizum Ubniya loans for the construction of 254 housing units in the settlement of Beit Aryeh.
In March 2020, Clal granted the company a loan for the construction of 118 housing units in the settlement as part of Plan No. 202/2/2 for the allocation of areas for public purposes, housing and infrastructure in the settlement. As part of the agreement, Clal holds as collateral the company's financial and contractual rights in the project, including all of the company's rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In November 2020, Clal granted the company an additional loan for the construction of 136 housing units under the same City Plan. Clal holds as collateral the company's rights in the project, including, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
In November 2016, Clal granted the company a loan for a construction of 80 housing units in the settlement of Beitar Illit in accordance with Plan No. 426/3. As part of the agreement, Clal holds as collateral the company's rights in the project, including all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
Z.F. Building
Between 2018 and 2021, Clal granted Israeli construction company Z.F. Building loans for the construction of a residential and commercial project in the settlement of Efrat, on lands belonging to the Palestinian villages of Al Kahdir and Artis in the occupied West Bank.
In May 2018, Clal granted Z.F. Building a loan for a construction project of 40 housing units with a commercial compound on 9.830 dunams of land in the settlement of Efrat. The project is part of Plan No. 410/5/4 for the rezoning of lands belonging to Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all of its rights in the bank and its rights from an agreement with Bar Amana Buildings Construction & Development Co, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In April 2021, Clal granted the company an additional loan for the same above project.
Financing Israeli Military Projects
In 2022, Clal participated in the financing of the Israeli military ICT campus “Kiryat HaTikshuv”. The NIS 2 billion project was part of the Israeli Ministry of Defense's relocation plan to transfer army bases to the Naqab region, including the ICT Corps’ Technology Unit, the Air Force Technology Unit and the Southern Command headquarters.
For more on military projects in the Naqab, see Who Profits’ interactive map Tools of Dispossession in the Naqab: Development & Military Projects.
Services to the Israel Police
Clal owns the Israel Police Yarkon Region Headquarters building.
Holdings in Complicit Companies
Through its holdings in other companies, Clal Insurance is complicit in providing services to the Israeli Ministry of Defense and the Israeli military, in the exploitation of occupied natural resources, and in the construction and expansion of settlement infrastructure.
Clal holds 8.36% of the shares of Israeli renewable energy, Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Clal holds 7.89% of the shares of Israeli telecommunications company, Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements in the occupied West Bank and East Jerusalem. The company has also provided Telecommunication and internet services to the Israeli military District Coordination and Liaison Office in Gaza and the Israeli Civil Administration in the occupied West Bank.
Clal holds 7.84% of the shares of gas fueling and energy company, Dor Alon Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank and East Jerusalem. Dor Alon also has access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2021.
Clal holds 7.8% of the shares of construction and engineering company Shapir Engineering and Industry, the co-operator and developer of the Jerusalem Light Rail project, which connects Israeli settlements in occupied East Jerusalem. The company also operates a quarry and concrete plant in the occupied West Bank. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
Clal holds 7.56% of the shares of Paz Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. Paz also provides fueling services for the Israeli Air Force and the Israeli Civil Administration in the occupied West Bank, as well as to the Israel Police and the Israel Prison Service.
Clal holds 6.88% of the shares of construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and occupation 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 besieged Gaza.
Clal holds 6.81% of the shares of real estate and infrastructure company Electra, which is involved in the construction of infrastructure and transportation projects in the occupied West Bank and East Jerusalem. The company carries out part of the construction of the Jerusalem Light Rail Blue Line in occupied East Jerusalem. Electra has also provided services to the Israeli military, the Israel Police and the Israel Prison Service.
For more on the Jerusalem Light Rail Blue Line, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The Blue Line.
Clal holds 6.69% of the shares of Zabar Solar, which operates three commercial solar fields in the occupied West Bank.
Clal holds 6.4% of the shares of construction company, Danya Cebus, which is involved in the construction of housing and transportation projects in settlements in the occupied West Bank and East Jerusalem. The company is the co-contractor of the Jerusalem Light Rail Blue Line.
Clal holds 5.61% of the shares of construction company Ashtrom Group, which is involved in the exploitation of occupied natural resources. The company operates a quarry in the occupied West Bank, a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Clal holds 5.57% of the shares of IT company One Software Technologies, which supplies a wide range of computing services and equipment to the Israeli Ministry of Defense, incluidng the Coordinator of Government Activities in the Territories (COGAT), the Israeli Civil Administration in the West Bank, and the District Coordination and Liaison in Gaza. The company has also provided services to the Israel Prison Service.
Clal holds 5.59% of the shares of Israeli telecommunication company Bezeq, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, to the Israeli military, the Israel Police and the Israel Prison Service.
Clal holds 2.91% of the shares of Mayer Cars & Trucks Co., the exclusive importer of Volvo Group in Israel. Mayer Cars provides Volvo equipment, vehicles, spare parts and maintenance services to the Israeli Ministry of Defense. Through its subsidiary, Merkavim Transportation Technologies Ltd., jointly held with Volvo Group, Mayer Cars has provided armored buses to settlements in the occupied West Bank and to transportation companies operating bus lines in the occupied West Bank and East Jerusalem. The company has also provided buses for the Israel Prison Service.
Holdings in Israeli Banks
Clal holds 6.59% of the shares of Israel Discount Bank, which is involved in financing settlement construction on occupied land and in providing financial services to settlements' regional and local councils. For more on the involvement of Israeli banks, see their profiles and Who Profits’ dynamic report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Related Publications
Clal Insurance Enterprises Holdings
כלל החזקות עסקי ביטוח בע"מ
Head office: Raoul Wallenberg St. 36, Tel Aviv-Jaffa 6136902, Israel. Tel.: +972-3-6387577
A public Israeli holding company active primarily in the fields of insurance, pensions, provident funds, finance, and credit cards. The Group is one of the largest financial insurance and credit card groups in Israel.
Clal has provided financing for settlement expansion projects and is engaged in the provision of services to settlements and in the exploitation of occupied natural resources. These include telecommunication and energy services, and transportation projects such as the Jerusalem Light Rail.
As previous research by Who Profits has shown, Clal 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 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 Settlement Construction Projects
Construction on Occupied Land
Bar-Amana Buildings Construction & Development Co.
Between 2018 and 2020, Clal provided the Israeli settlement-based construction company Bar-Amana Buildings Construction & Development Co. with loans for construction projects.
Bar-Amana is owned by the settlement movement Amana and considered to be the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied West Bank.
Clal holds the company's rights in several construction projects and occupied land as collateral in the settlements of Karnei Shomron, Efart and Kiryat Arba.
In September 2020, Clal granted Bar-Amana a loan for a construction project of 164 housing units on 22.1 dunams (22,100 square meters) of land in the settlement of Karnei Shomron in the occupied West Bank according to City Plan No. 117/8/13 in Ginot Shomron neighborhood in the settlement as part of the development of the neighborhood and expansion of its entrance road. Clal holds as collateral all the company’s rights in the property and or the project to be built on the land.
In December 2020, Clal granted the company a loan for a construction project in the settlement of Kiryat Arba for construction on 4.903 dunams of land. Clal holds as collateral the company's rights in the project, including all current and\or future sums generated from the project, its rights in its bank accounts, its rights according to the agreement signed between the company and the Custodian of Abandoned Property in the West Bank, its rights to receive any funds and tax refunds, and funds received from buyers and contractors.
In April 2018, Clal granted Bar Amana a loan for a construction project of 40 housing units and a commercial center and office space on 9.83 dunams of land in the settlement of Efrat in the occupied West Bank. The project is part of Plan No. 410/5/4 for construction on lands belonging to the Palestinian villages Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all current and future revenue from the project. In December 2020, Clal granted the company an additional loan for the same project under the same plan for the construction of 106 housing units.
In 2020, Clal Insurance granted Israeli construction company A. Barkan a loan for a construction project of 110 housing units in the settlement of Ariel in the occupied West Bank according to tender 85/2019/יש. Clal holds as collateral the company's rights in the project, including 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 by contractors.
Traklin Yizum Ubniya
In 2020, Clal granted Israeli construction company Traklin Yizum Ubniya loans for the construction of 254 housing units in the settlement of Beit Aryeh.
In March 2020, Clal granted the company a loan for the construction of 118 housing units in the settlement as part of Plan No. 202/2/2 for the allocation of areas for public purposes, housing and infrastructure in the settlement. As part of the agreement, Clal holds as collateral the company's financial and contractual rights in the project, including all of the company's rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In November 2020, Clal granted the company an additional loan for the construction of 136 housing units under the same City Plan. Clal holds as collateral the company's rights in the project, including, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
In November 2016, Clal granted the company a loan for a construction of 80 housing units in the settlement of Beitar Illit in accordance with Plan No. 426/3. As part of the agreement, Clal holds as collateral the company's rights in the project, including all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.
Z.F. Building
Between 2018 and 2021, Clal granted Israeli construction company Z.F. Building loans for the construction of a residential and commercial project in the settlement of Efrat, on lands belonging to the Palestinian villages of Al Kahdir and Artis in the occupied West Bank.
In May 2018, Clal granted Z.F. Building a loan for a construction project of 40 housing units with a commercial compound on 9.830 dunams of land in the settlement of Efrat. The project is part of Plan No. 410/5/4 for the rezoning of lands belonging to Al Kahdir and Artis. Clal holds as collateral the company's rights in the project, including all of its rights in the bank and its rights from an agreement with Bar Amana Buildings Construction & Development Co, all its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors. In April 2021, Clal granted the company an additional loan for the same above project.
Financing Israeli Military Projects
In 2022, Clal participated in the financing of the Israeli military ICT campus “Kiryat HaTikshuv”. The NIS 2 billion project was part of the Israeli Ministry of Defense's relocation plan to transfer army bases to the Naqab region, including the ICT Corps’ Technology Unit, the Air Force Technology Unit and the Southern Command headquarters.
For more on military projects in the Naqab, see Who Profits’ interactive map Tools of Dispossession in the Naqab: Development & Military Projects.
Services to the Israel Police
Clal owns the Israel Police Yarkon Region Headquarters building.
Holdings in Complicit Companies
Through its holdings in other companies, Clal Insurance is complicit in providing services to the Israeli Ministry of Defense and the Israeli military, in the exploitation of occupied natural resources, and in the construction and expansion of settlement infrastructure.
Clal holds 8.36% of the shares of Israeli renewable energy, Enlight Renewable Energy, which develops and operates several renewable energy projects in the occupied Syrian Golan.
Clal holds 7.89% of the shares of Israeli telecommunications company, Partner Communications, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements in the occupied West Bank and East Jerusalem. The company has also provided Telecommunication and internet services to the Israeli military District Coordination and Liaison Office in Gaza and the Israeli Civil Administration in the occupied West Bank.
Clal holds 7.84% of the shares of gas fueling and energy company, Dor Alon Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank and East Jerusalem. Dor Alon also has access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2021.
Clal holds 7.8% of the shares of construction and engineering company Shapir Engineering and Industry, the co-operator and developer of the Jerusalem Light Rail project, which connects Israeli settlements in occupied East Jerusalem. The company also operates a quarry and concrete plant in the occupied West Bank. For more on the Jerusalem Light Rail, see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
Clal holds 7.56% of the shares of Paz Energy, which operates gas stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. Paz also provides fueling services for the Israeli Air Force and the Israeli Civil Administration in the occupied West Bank, as well as to the Israel Police and the Israel Prison Service.
Clal holds 6.88% of the shares of construction company Shikun & Binui Group, which has significant involvement in the construction and expansion of settlements and occupation 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 besieged Gaza.
Clal holds 6.81% of the shares of real estate and infrastructure company Electra, which is involved in the construction of infrastructure and transportation projects in the occupied West Bank and East Jerusalem. The company carries out part of the construction of the Jerusalem Light Rail Blue Line in occupied East Jerusalem. Electra has also provided services to the Israeli military, the Israel Police and the Israel Prison Service.
For more on the Jerusalem Light Rail Blue Line, see Who Profits’ Update: Developments in the Expansion of the JLR Network: The Blue Line.
Clal holds 6.69% of the shares of Zabar Solar, which operates three commercial solar fields in the occupied West Bank.
Clal holds 6.4% of the shares of construction company, Danya Cebus, which is involved in the construction of housing and transportation projects in settlements in the occupied West Bank and East Jerusalem. The company is the co-contractor of the Jerusalem Light Rail Blue Line.
Clal holds 5.61% of the shares of construction company Ashtrom Group, which is involved in the exploitation of occupied natural resources. The company operates a quarry in the occupied West Bank, a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Clal holds 5.57% of the shares of IT company One Software Technologies, which supplies a wide range of computing services and equipment to the Israeli Ministry of Defense, incluidng the Coordinator of Government Activities in the Territories (COGAT), the Israeli Civil Administration in the West Bank, and the District Coordination and Liaison in Gaza. The company has also provided services to the Israel Prison Service.
Clal holds 5.59% of the shares of Israeli telecommunication company Bezeq, which provides telecommunication, cellular, and internet services and infrastructure to Israeli settlements, to the Israeli military, the Israel Police and the Israel Prison Service.
Clal holds 2.91% of the shares of Mayer Cars & Trucks Co., the exclusive importer of Volvo Group in Israel. Mayer Cars provides Volvo equipment, vehicles, spare parts and maintenance services to the Israeli Ministry of Defense. Through its subsidiary, Merkavim Transportation Technologies Ltd., jointly held with Volvo Group, Mayer Cars has provided armored buses to settlements in the occupied West Bank and to transportation companies operating bus lines in the occupied West Bank and East Jerusalem. The company has also provided buses for the Israel Prison Service.
Holdings in Israeli Banks
Clal holds 6.59% of the shares of Israel Discount Bank, which is involved in financing settlement construction on occupied land and in providing financial services to settlements' regional and local councils. For more on the involvement of Israeli banks, see their profiles and Who Profits’ dynamic report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Ownership
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol: CLIS
Major shareholders include Alrov Real Estate Ltd. (14.17%), Phoenix Financial Ltd. (7.21%), Harel Insurance Investments & Financial Services Ltd. (7.17%).
Chairman of the Board of Directors: Haim Samet.
CEO: Yoram Naveh.
Subsidiaries
Clal Agency Holdings (1998) Ltd. (100%), Clal Finance Ltd. (100%), Clalbit Systems Ltd. (100%), Cimax Holdings Ltd. (100%), Betah- Toren Insurance Agency Ltd.(100%), Tmura Insurance Agency (1987) Ltd. (100%), Max It Finance Ltd. (100%), Max Insurance Agency (2020) Ltd. (100%), HYP Payment Solutions Ltd. (100%), Clal Insurance Capital Raising (99.98%), Clal Pension and Provident Funds Ltd. (99.98%%), Kanaf-Clal Finance Management Ltd. (99.98%%), Clal Insurance Ltd. (99.98%), Clal Credit Insurance Ltd. (79.84%), Atudot- Pension Fund for Workers & Independent Workers Ltd. (49.99%%), Michlol Finance Ltd. (24.9%).
Partners
Atradius, Leumi Bank, Mastercard, Visa, American Express, Fox-Wizel Group
* This section refers to the company's general business partners