NEW YORK (Jan. 27)
Abraham Dickenstein, president of Ampal-American Israel Corporation, largest group of private American investors in Israel projects, today said that 1958 was a banner year for the group. During the past fiscal year, he reported, Ampal sold in this country securities for over $4, 000, 000, consisting of various Ampal debentures, the common stock of Israel Development Corporation and the debenture stock of the Israel American Development Bank, Ltd. For the first time, an American group of affiliated financial enterprises associated with Israel, has sent out to its stockholders dividend checks amounting to $715, 000.
“During the past year, the Ampal group extended medium and long-term loans to its Israel clients for approximately $33, 000, 000, ” Dr. Dickenstein stated. “This brings the total in loans and investments executed since the establishment of the group, to over $230, 000,000. The balance of outstanding loans and investments has risen from approximately $29, 000, 000 at the beginning of the fiscal year to approximately $33, 000, 000 by the end of the year, an increase of close to $4, 000, 000. “