NEW YORK (May. 15)
The balance of loans and investments made in Israel by AMPAL-American Israel Corporation and its affiliate Israel Development Corporation stood at a record $53 million on January 31, 1967, compared with $49 million at fiscal year-end a year earlier, the corporation reported today.
AMPAL, which last year celebrated its 25th anniversary, paid shareholders a cash dividend of 30 cents a share, the report said. The payment represented the seventh straight year in which preferred shareholders received two per-cent over and above the regular four-per-cent dividend, and the 25th consecutive year in which the company has made cash disbursements to its investors.
AMPAL is one of seven companies known jointly as the AMPAL Group, whose assets exceed $85 million. Investments and loans of this group of companies cover in excess of seventy enterprises in a wide variety of Israeli industries. In commenting on the organization’s important role in providing capital for Israel, Prime Minister Levi Eshkol paid special tribute to AMPAL in its annual report for “bringing home to the American public the significance of Israel as a country which, in its upbuilding, offers sound returns and securities for the investors.”