NEW YORK (Jan. 24)
Several hundred investors in Ampal-American Israel Corporation or its sister company, Israel Development Corporation, are departing tomorrow by plane to Israel to view their stake in the economy there. They come from about 20 states.
The trip is commemorating the 25th anniversary of Ampal, which has thousands of shareholders in this country. Ampal was organized by Abraham Dickenstein, president of the corporation, in 1942, with total cash on hand of $1,500. Today it has assets of over $55, 000, 000 with loans and investments in over 70 companies. Neither Ampal nor IDC has failed to pay a cash dividend since formation.
The trip will include visits to Jerusalem, Haifa, the ports of Eilat and Ashdod, and other areas where industry and commerce are developing. High points of the visit will include a reception in Jerusalem held by Israel’s President, S. Z. Shazar, a gala 25th anniversary banquet in Tel Aviv, and a luncheon tendered and addressed by Israel’s Prime Minister, Levi Eshkol, in Jerusalem.
The two-week trip is being arranged by the Histadrut Foundation for Educational Travel using El Al Israel Airlines. Investors making the trip are from Arizona, California, Florida, Indiana, Kentucky, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, Washington, Washington, D.C., and Wisconsin.