Last 463.40
Change Today 0.00 / 0.00%
Volume 0.0
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As of 10:24 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

idb development corp ltd (IDBD) Snapshot

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52 Week High
05/15/14 - $596.30
52 Week Low
07/9/14 - $396.00
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idb development corp ltd (IDBD) Details

IDB Development Corporation Limited is an investment arm of IDB Holding Corp. Ltd. It seeks to acquire interests in existing businesses and encourages the establishment of new businesses in Israel. The firm invests in insurance, capital markets, communications, technology, industry, real estate, retail, trade, and tourism sectors. It prefers to take a board seat in its portfolio companies. IDB Development Corporation Limited was founded in 1981 and is based in Tel-Aviv, Israel.

idb development corp ltd (IDBD) Top Compensated Officers

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idb development corp ltd (IDBD) Key Developments

IDB Development Reports Earnings Results for the Second Quarter and Half Year of 2014

IDB Development reported earnings results for the second quarter and half year of 2014. For the second quarter, the company reported a loss of ILS 365 million, compared with a loss of ILS 53 million in the corresponding quarter. For the six months, the company posted a loss of ILS 73 million in the first half of 2014, which compares with a profit of ILS106 million in the first half of 2013.

IDB Development Corporation Limited(TASE:IDBD) added to TA-100 Index

IDB Development Corporation Limited will be added to the TA-100 Index.

IDB Development Announces Executive Appointments

A majority of IDB Holding Corp. Ltd. bondholders have voted in favor of Aharon Fogel's appointment of chairman of its operational subsidiary, IDB Development. Fogel, the former chairman of Migdal Insurance and Financial Holdings Ltd. was appointed last week as IDB Development chairman by its new owners, Eduardo Elsztain and Moti Ben-Moshe, to succeed Nochi Dankner, who lost control of the company. The court approved the appointment a few days later. Fogel recently notified the IDB settlement trustees, Eyal Gabay and Adv. Hagai Ullman, that he will not ask for a salary at this time. Fogel will chair the new IDB board of directors that Gabay and Ullman created. The directors include Elsztain (with Saul Lapidus as his alternate), Ben-Moshe, two serving external directors, Giora Inbar and Henry Ben-Shaul, two independent directors, Ilan Halperin and Tami Gottlieb; and two directors who will be appointed by IDB's creditors.


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