NEW YORK (Jul. 1)
“Arad” Quarries and Roads Limited, Tel Aviv, registered with the Securities and Exchange Commission, Washington, D. C., 375,000 ordinary shares and 11,250,000 Israeli pounds–equivalent to $3,750,000–of seven per cent registered dollar-linked debentures, 1970-1979, for public sale. The offering will be made on a best-efforts basis through Rassco of Delaware, Inc., New York.
Arad is active, directly or through affiliated companies, in the fields of road construction, earth-moving and related activities, such as production of construction materials, pre-fabricated cement elements and quarrying products used in construction.