Type Public Website en.ildc.co.il Founded 1909 | Key people Yaakov Nimrodi Headquarters Israel | |
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Traded as NASDAQ: ILDC
TASE: ILDC Stock price ILDC (TLV) 2,812.00 ILA +8.00 (+0.29%)16 Mar, 12:51 PM GMT+2 - Disclaimer Subsidiaries Hachsharat Hayishuv Hotels Ltd., ILDC Energy | ||
The Israel Land Development Company (ILDC) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels. It was acquired in 1987 by Yaakov Nimrodi.
History
ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company. It became an Israeli public company in 1953.
Yaakov Nimrodi took control of the company in 1988 with a $26m investment. In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.
References
Israel Land Development Company Wikipedia(Text) CC BY-SA