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Ampal Loans, Investments in Israel Total $5,840,964 in Six Months

Ampal-American Israel Corp. has made $5,840,964 worth of new loans and investments in Israel from February through July, 1965, according to a statement made today by Abraham Dickenstein, president of the company.’ This brings Ampal’s total investments and loans in Israel to more than $30,000,000 as of July 31, he said.

According to the report, Ampal has completed arrangements for payment of $1,000,000 out of a $2,500,000 loan to the Tel Aviv municipality. It has also approved a loan of $1,000,000 to Hamashbir Latzarchan, Israel’s leading department store chain, and of a $470,000 loan to Yonah Fishing and Industries, Ltd., for the construction of a fishing vessel in Holland to be named “Yam Suf” (Red Sea).