AMPAL, the Israel-American investment firm, and its affiliates posted new records in capital growth and credit during the past six months, Abraham Dickenstein, AMPAL president, reported at a press conference here today.
Capital was increased by $1,000,000 and credit resources were boosted by $8,000,000, he said. He also disclosed AMPAL plans to invest $15,000,000 in Israel during the next three to five years. He said that the funds will be invested in various Koor enterprises, in Tel Aviv municipal programs and in a construction company which will build rental apartments.
Mr. Dickenstein said that the Israel American Industrial Development Bank, an AMPAL subsidiary, planned to float a 10,000,000 Israel pound debenture issue in Israel.
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.
