“Doing business with Israel has been profitable for American Investors, ” stated Abraham Dickenstein, president of AMPAL-American Israel Corporation, today, on the occasion of the release of his company’s annual report to stockholders, which showed a profit for the twelfth successive year. AMPAL is an American corporation engaged in the financing of industrial and trading enterprises in Israel.
Mr. Dickenstein reported that since its foundation in 1942, AMPAL had made loans and investments in business, industrial and other enterprises in Israel amounting to $102,195, 612. 32. The gross assets of the corporation and its affiliates have arisen from less than $200,000,000 in 1943 to over $30 millions in 1953.
During the same period, AMPAL profits before taxes amounted to over $2 million. Since its organization the company has paid a dividend each year. It has successfully sold in the United States three debenture issues amounting toe $17,000,000. In the twelve years of its existence, the corporation has purchased capital goods amounting to $65 million in the United States.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
