Africa Israel
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| Public | |
| Traded as | : AFIL |
| Industry | Holding & Investment |
| Founded | 1934 |
| Headquarters | Yehud, Israel |
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Key people
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Lev Leviev, Chairman of the Board Shaul Gliksberg, CFO |
| Website | www |
Africa Israel Investments Ltd. (AFI Group) is an international holding and investment company based in Yehud, Israel. The group consists of several private and public companies active in areas such as real estate, construction, infrastructure, manufacturing, tourism and leisure. The company’s shares are traded on the and are a constitute of the TA-25 Index. The company became the subject of newspaper coverage in 2008, for its association with the construction of Israeli settlements on the West Bank.
Africa Israel Investments was founded in 1934, during the British Mandate, by Jewish investors from South Africa who wanted to support development in the local economy of the Yishuv. After the establishment of the state of Israel the company expanded its commercial and financial activities and was one of the first companies in the country whose shares were traded on the . In the early 1970s control of the company was acquired by Bank Leumi. From 1978 to 1996 Shlomo Grofman served as President and CEO of the company. In early 1997, Lev Leviev acquired control of the company and Grofman left.
In November 1996, the diamond cutter and diamond merchant Lev Leviev acquired control from Bank Leumi; he soon expanded the group’s activities into new markets and territories. Including: energy - Dor-Alon in Israel, US and Europe. Real Estate - AFI development, Russia, USA and Europe. Manufacturing - AFI Industries (by acquiring Packer Plada).
The company became the subject of newspaper coverage in 2008, for Leviev's association with the construction of Israeli settlements on the West Bank. The British Embassy in Israel was planning to move into the Kirya Tower, one of its buildings, but cancelled when these ties were revealed in the British media.
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Wikipedia