Israel Land Development Company
{{Short description|Israeli conglomerate founded in 1909}}
{{Infobox company
| name = Israel Land Development Company
| company_slogan =
| logo = File:Israel Land Development Company logo.jpg
| type = Public
| traded_as = {{ubl|{{TASE|ILDC}}|{{NASDAQ was|ILDC}}}}
| foundation = {{start date and age|1909}}
| location = Tel Aviv, Israel
| key_people = Yaakov Nimrodi
| industry =
| products =
| revenue =
| operating_income =
| net_income =
| num_employees =
| homepage = {{url|http://ildc.co.il/en/}}
}}
File:PikiWiki Israel 37966 Land development building in Tel Aviv.JPG
Israel Land Development Company (ILDC; {{langx|he|הכשרת הישוב}}, Hakhsharat HaYishuv) is one of Israel's largest conglomerates, with fields including real estate, construction, energy and hotels.{{cite web |url= http://en.ildc.co.il |title= Archived copy |access-date=2012-09-04 |url-status= dead|archiveurl= https://web.archive.org/web/20120622093051/http://en.ildc.co.il/ |archivedate= 2012-06-22 }}BusinessWeek, [https://archive.today/20131117005305/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ILDC:IT Israel land development co (ILDC:Tel Aviv)] It was acquired in 1987 by Yaakov Nimrodi.
History
ILDC was founded in 1909 by the Zionist Federation as the Palestine Land Development Company, or Palestine Land Development Corporation.Laqueur, Walter. A History of Zionism. (Chicago: Holt, Rinehart and Winston, 1972) p. 153 It was a program of the practicalist movement in early Zionism, particularly in the decade before the start of World War I. The PLDC worked to purchasing land, to train Jews in agricultural pursuits, and to establish Jewish agricultural settlements in Palestine. By the outbreak of World War I it had purchased about 50,000 dunam (about 4600 hectares) of land. It was attempting to purchase nearly 3 times that amount in the Jezreel Valley, however the outbreak of the war prevented it from making such a purchase.
It became an Israeli public company in 1953.
Yaakov Nimrodi took control of the company in 1988 with a $26m investment.jewishvirtuallibrary.org, [http://www.jewishvirtuallibrary.org/jsource/judaica/ejud_0002_0015_0_14854.html Encyclopaedia Judaica: Nimrodi], 2008 In 2006 Nimrodi signed an agreement to buy out a 20% minority shareholder which valued the company at $172m.Ora Coren and Shlomy Sheffer, Haaretz, 31 December 2006, [http://www.haaretz.com/print-edition/business/nimrodi-buys-out-ilan-ben-dov-s-20-share-of-ildc-and-gains-sole-control-1.208732 Nimrodi buys out Ilan Ben Dov's 20% share of ILDC and gains sole control ]
Properties owned by ILDC
References
{{Reflist}}
External links
- [http://ildc.co.il/en/ Official website] {{Webarchive|url=https://web.archive.org/web/20230901150250/http://ildc.co.il/en/ |date=2023-09-01 }} {{in lang|en|he}}
- [http://primo.nli.org.il/primo_library/libweb/action/dlDisplay.do?vid=NLI&docId=NNL_MAPS_JER002367056 Map of Haifa by the Palestine Land Development Company, ca.1926.] Eran Laor Cartographic Collection, The National Library of Israel.
{{TA 100 companies}}
{{Authority control}}
Category:Conglomerate companies established in 1909
Category:Companies formerly listed on the Nasdaq
Category:Companies listed on the Tel Aviv Stock Exchange
Category:Real estate companies of Israel
Category:Zionist organizations