Top 40 firms' assets grew 20% in 2005

Of the losers, Koor Industries saw its ranking slip to 15 in 2005 from the fourth spot in 2004, with assets of NIS 5.2b.

By SETH FREEDMAN
April 25, 2006 08:08
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The combined assets of Israel's 40 leading holding companies jumped 20% to NIS 300 billion in 2005, research company Business Data Israel (BDI) said Monday as Nochi Dankner's IDB Holdings ended the year as the country's largest company. Eyal Yanay, co-CEO of BDI, cited a combination of strong world markets and a trend of holding companies aggressively expanding in Israel as contributing to the surge in asset values. IDB, with total assets of NIS 78.8b., overtook FIBI Holdings for the top spot, rounding off a significant year for Dankner in which his other companies also climbed the ranks as a result of major acquisitions made during the year. IDB subsidiary Discount Investment Corporation, which in 2005 upped its stake in Cellcom and bought out supermarket chain Clubmarket, climbed two places to fourth on the list, while other IDB companies Clal Industries and Investments moved from 14th to 11th place and Azorim ranking as the 18th largest company last year. FIBI Holdings, with assets valued at NIS 72.1b., slipped to second place while Israel Corporation (NIS 25.8b. in assets), controlled by the Ofir Brothers, Discount Investment Corp. (NIS 21.6b.) and Yitschak Tshuva's Delek Group (NIS 15.9b.) completed the top five. The biggest mover saw El Al parent company Knafaim Holdings, controlled by the Borovich family, increase its portfolio by 364% to NIS 9.1b., allowing it to climb to eighth place on the table from 20th in 2004. Of the losers, Koor Industries saw its ranking slip to 15 in 2005 from the fourth spot in 2004, with assets of NIS 5.2b. Avi Krawitz contributed to this report

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS