The Ampal Group, largest group of American corporations doing business with Israel in the field of financing, investment, export and import, will pay out some $1,200,000 in dividends for the fiscal year of 1962 to its more than 40,000 stockholders in the United, States, it was announced here today.
The Ampal Group consists of four New York corporations–Ampal-American Israel Corporation, Israel Development Corporation, Israel Securities Corporation and Israel Purchasing Service, Inc.–a Canadian company, Canpal-Canadian Israel Trading Company; and an Israeli investment bank, Israel American Industrial Development Bank, Ltd. The Group has total gross assets of over $70,000,000 and net assets of over $20,000,000.
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