Clal Insurance Enterprises Holdings Limited
כלל החזקות עסקי ביטוח בע"מ

Head office: 36 Raul Wallenberg , Tel Aviv, 6136902 Tel: +972-3-6387577 www.clalbit.co.il



A publicly-traded Israeli company active in the fields of insurance, pensions and finances.

Financing construction on occupied land:

In 2020, Clal Insurance accompanied the company A. Barkan’s project to build 110 housing units in the settlement of Ariel in the occupied West Bank. The company held as collateral the company’s rights in the project, its rights in the bank, and its rights from the Custodian of Abandoned Property in the West Bank and the Israeli Ministry of Construction and Housing (IMOCH), and any grants and funds given to the company from contractors.

In 2020, Clal accompanied the Israeli construction company Binyanei Bar Amana in its project in the settlement of Kiryat Arba, according to plan 1\2\522. Clal hold as collateral the company’s rights in the project, its rights in its bank accounts, its rights according to the agreement signed between it and the Custodian of Abandoned Property in the West Bank, and between it and the company S.A.G Velvel, its rights to receive any funds and tax refunds, and funds received from buyers and contractors.

In 2020, Clal financed the Israeli construction company Binyanei Bar Amana. Clal held as collateral the company’s rights in its construction project in the settlement of Efrat, which includes the construction of 106 housing units and a commercial center. The rights include all current and\or future sums generated from the project. Clal also held as collateral the company’s rights in its project in the settlement of Karnei Shomron, which includes the construction of 164 housing units. The rights include all current and\or future sums generated from the project.

In 2021, Menif- Financial Services Ltd., within which Clal owns 7.22% of the shares, accompanied the Israeli company Ba’al Hatanie in its project in the settlement of Efrat, according to plan 19\3\410 on the lands of the Palestinian village of al-Khader. Clal holds as collateral all of the company’s rights in the project, in a total amount of money limited to NIS 5,200,000.

In 2020, Clal accompanied the Israeli construction company Traklin Yizum. As part of the agreement, Clal holds as collateral the company’s financial and contractual rights in its construction project of 136 housing units in the settlement of Beit Arieh, including all of the company’s rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.

In 2016, Clal accompanied the company Traklin Yizum. As part of the agreement, Clal held as collateral the company’s rights in its project for the construction of 80 housing units in the settlement of Beitar Ilit, including all of the company’s rights in the bank, all of its rights to receive funds from the Israeli Land Authority or the Custodian of Abandoned Properties in the West Bank, and funds received from home buyers and contractors.

Holdings in complicit companies:

The company holds shares in several companies that are complicit in the Israeli occupation, either through construction on occupied land, bolstering the Israeli security apparatus, exploitation of natural resources and providing services to settlements. It holds 8.35% of the share of Ashtrom, 7.01% of Formula System’s shares, 8.66% of the shares of ZMH Hammerman, 9.53% of the shares of Electra and 10.71% of Shapir Engineering and Industry’s shares.

In addition, Harel holds shares in different Israeli banks, all of which are involved in construction on occupied land and providing financial services to settlement regional and local councils. It holds 7.13% of Discount Bank’s shares, 6.46% of Hapoalim Bank’s shares and 6.28% of Leumi Bank’s shares.

Other involvements:

The company participated in the financing of Kiryat Hatikshuv. The NIS 2 billion project is part of the Israeli Ministry of Defense’s plan to transfer army bases in to the Naqab (Negev) region, including the ICT division, the technological unit of the air force and the southern command headquarters.

The company invests in the Israeli cyber company Cellebrite. In 2021, it was reported that the company’s technology was used by regimes implicated in human rights violations to track political activists.



Ownership

Major shareholders: Alrov Properties & Lodgings Ltd. (15%); Harel Insurance Investments and Financial Holdings Ltd. (6.795); The Pheonix Holdings Ltd. (3.89%); Excellence Investments Ltd. (2.59%).

Chairman- Haim Summet

CEO- Yoram Naveh


Subsidiaries

Clal Agency Holdings (1998) Ltd. (100%); Betach Toren Insurance Agency Ltd. (100%); Davidof Pension Settlement Life Insurance Agency (2006) Ltd. (100%); Tmura insurance Agency (1987) Ltd. (100%); Tmura Melea Insurance Agency Ltd. (100%); Clalbit Systems Ltd. (100%); Clal Finances Ltd. (100%); Clal Insurance Company Ltd. (99.98%); Clalbit Finance Ltd. (100%); Canaf- Clal Financial Management Ltd. (100%); Clal Credit Insurance (80%); Clal Pension and Gemel Ltd. (100%); Atudot Pension Fund for Employees and Independent Workers Ltd. (50%); Michlol (24.9%); Clal Wacker Investments LP (12.25%); WC Edgewater Venture, L.L.C. (17.15%); WC Tresser L.L.C. (17.15%); DCE 1 APS (49%); Columbus 660 Ave. Investors LLC. (9.75%); Argo Properties N.V. (1.73%); AD”CH Holdings Ltd. (33%); Betah- Thorne International Underwriters General Insurance Agency (2019) Ltd. (100%).

All the information contained in this page is valid until Sun 10/04/2022



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