The Nationwide Insurance Company of Ohio, a middle-western firm; not previously associated with Israeli-oriented enterprises, has purchased $500,000 worth of AMPAL six percent Series “I” Debentures. A. Dickenstein, president of the American Israel Corporation, announced today.
“It was one of the largest single purchases of AMPAL securities during the first six months of the current fiscal year which saw the AMPAL Group’s sales of securities soar to a new high of three million dollars,” Mr. Dickenstein said. He described the first half of the AMPAL group’s twentieth anniversary year as one of “great activity and endeavor,” with a long-term loans and equity investments executed so far amounting to $28,000,000, of which $7,000,000 was earmarked for new immigrant housing.
At present total assets of the group exceed $60,000,000. It paid out more than $1,000,000 in dividends for the year 1960, having never missed paying a dividend in its 20-year existence.
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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.
