The American-Israel Corporation, AMPAL, has sold $56, 000,000 worth of its stock in its 20 years of existence and has paid out $5,500,000 in dividends, it was reported here today at the 20th anniversary meeting of the AMPAL board.
Abraham Dickenstein, AMPAL president, also told the board that $1, 000, 000 in dividends was paid last year and that the corporation had never lost a cent in its investments in Israel. Thirty-five board members and officials of the executive of the Histadrut, Israel’s Labor Federation, and directors of the Bank Hapoalim also attended the meeting. They heard a report on Israel-United States trade relations from Israel’s Commerce Minister Pinhas Sapir.
A working session at the Bank Hapoalim was attended by members of the AMPAL board from the United States, Canada and Mexico who heard a report on the Israel Stock Exchange. The AMPAL group made a visit today to the Heletz oil field and other enterprises in which AMPAL has invested its funds.
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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.
