Menora Mivtachim Holdings Ltd

Stock Symbols
TASE
:
MMHD
company headquarters
Israel
ISSUES

One of Israel's largest insurance companies. It routinely finances construction projects in Israel's illegal settlements throughout the occupied West Bank.

Menora Mivtachim Holdings Ltd is one of Israel's largest insurance companies. Outside of Israel, Menora Mivtachim owns real estate and invests in renewable energy projects in Greece, Italy, and other European countries.

Menora Mivtachim facilitates the expansion of Israel's illegal settlement enterprise in the occupied Palestinian territory by routinely financing residential and commercial construction projects. For example, the company, along with the Bank of Jerusalem, helped finance a housing project in an illegal Israeli settlement in the occupied West Bank in 2019. As documented by Who Profits, between 2018 and 2021, the company financed or provided mortgages for the construction of at least two other projects in illegal Israeli settlements in the occupied West Bank, including in occupied East Jerusalem.

As one of Israel's largest financial institutions, Menora Mivtachim is also involved in Israel's occupation of the Palestinian and Syrian territories through its investments. The company has a significant stake in multiple companies that are involved in different aspects of the military occupation, including Afcon, Ashtrom, Enlight Renewable Energy, G1 Secure Solutions, and Shikun & Binui.

Until 2021, Menora's subsidiary Menora Energy was also involved in the exploitation of natural resources in the occupied Palestinian territory through the construction of a solar energy field in the occupied Jordan Valley, according to Who Profits. In 2021, the company spun off Menora Energy into an independent company, Tera Light.

Unless specified otherwise, the information in this page is valid as of
4 December 2022