Migdal

Migdal (Hebrew: מִגְדָּל) is a Hebrew word for tower.

It may refer to:

Towers

Companies

See also

Migdal (company)

Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל‎) (TASE: MGDL) is one of the largest and oldest Israeli insurance companies.

History

Migdal was founded in Jerusalem in 1934, the original group of investors included local Palestinian Jews, families from Egypt and Italy and the Italian insurance company Assicurazioni Generali which held a 50% stake and provided the original financial and professional backing.

Generali eventually held 70% of Migdal's shares, and Bank Leumi owns almost 10%.

In September 1996, Migdal made its initial public offering on the Tel Aviv Stock Exchange, selling 20% shares stake.

In March 2012 Assicurazioni Generali sold Migdal to Shlomo Eliahu.

References

External links

Migdal, Israel

Migdal (Hebrew: מִגְדָּל, lit. Tower) is a town in the Northern District of Israel. It was founded in 1910, and granted local council status in 1949. In 2008 it had a population of 1,627.

Migdal is located near Ginosar, and about 8 km north of Tiberias. It has a shoreline on the Sea of Galilee, including the Tamar, Ilanot and Arbel beaches.

History

The town is named after the old city of Migdala Nunia (Aramaic: "fish tower"), home town of Mary of Magdala (Luke 8:2), and is situated just west of the Kinneret on Tiberias-Rosh Pina road.

In 1908, a small group of German Catholics who identified the site as the birthplace of Mary Magdalene settled there. They left after a year and the land was bought by Russia Zionists who founded a farm, Ahuzat Moskva (Moscow Estate) in 1910. This settlement was adjacent to the Arab village Al-Majdal . A few years later, the land was sold to private investors. An encampment of Gdud HaAvoda workers who built the Tiberias-Rosh Pina road was established there in 1921.