Israel Corporation (also Israel Corp) is Israel's largest holding company. It was founded in 1968 by the Government of the State of Israel.
50% of its manufacturing activities and 70% of its consolidated revenues derive from global operations. Its core holdings are fertilizers and specialty chemicals, energy, shipping and transportation.[1] Israel Corp is a constituent of the TA-35 Index of leading shares of the Tel Aviv Stock Exchange. Two of its major holdings, Israel Chemicals and Oil Refineries Ltd are also constituents of the TA-35 Index.[2]
History
The Israel Corp was founded by the government of Israel in 1968, together with Shaul Eisenberg, who was one of the first strategic foreign investors in Israeli history, under the initiative of then Minister of Finance, Pinchas Sapir of the Israeli Labor Party, who changed the Encouragement of Capital Investments Law to attract foreign investment. The change ensured that the company's owners were exempt from taxes for 30 years and received other benefits.[3]