Ampal Receives Dividend From Moriah Hotels Ltd.NEW YORK--(BUSINESS WIRE)--April 14, 1999-- Ampal-American Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. Corporation (AMEX AMEX See: American Stock Exchange :AIS) announced today that on April 12, 1999, its subsidiary, Ampal (Israel) Ltd., received a dividend in the amount of approximately $7.9 million from Moriah Hotels Ltd. Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israel-related. An important objective of Ampal is to make investments in companies which take advantage of the growth in Israel's high technology sector, which has become of world-class stature stature /sta·ture/ (stach´ur) the height or tallness of a person standing.stat´ural stat·ure n. The height of a person. stature the height of an animal in the standing position. . Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: high technology and communications, real estate, hotels and leisure-time, finance, energy distribution and industry. |
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