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.
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.
