Company IDB Development Corp Ltd

IDB Development Corp Ltd (IDB) is an Israel-based investment company which holds various interests through its main subsidiaries: Discount Investment Corp. Ltd, Clal Industries & Investments Ltd, Clal Insurance Enterprises Holdings Ltd and Koor Industries Ltd. IDB invests in the communications, technology, industry, insurance and the capital market, real estate, retail trading and tourism sectors. The Company aims to maintain a significant ownership in companies in its portfolio. IDB encourages business cooperation and strategic partnerships among the group companies operating in synergistic fields of expertise, the establishment of new businesses and further development of existing businesses in Israel. The Company's immediate parent is Dolphin Netherlands BV, which holds 100% stake in IDB Development Corp Ltd.