Avinadav Grinshpon

Africa-Israel Investments Ltd. is a holding and investments group. It operates through the following segments: Development of Residential Real Estate in Israel, Yielding Assets in Israel, Development of Yielding Properties and Assets in East Europe, Contractual Works, and Infrastructure. The Development of Residential Real Estate in Israel segment includes initiation of residential projects in Israel through acquisition of lands, constructing buildings, and selling of apartments. The Yielding Assets in Israel segment includes initiation, construction (including renovation and/or improvements), rental, and operating of buildings, mainly industrial, commercial, and offices, in Israel. The Development of Yielding Properties and Assets in East Europe segment includes development of residential properties, and initiation, construction, rental, and operating of industrial, office, and commercial buildings in Central and Eastern Europe. The Contractual Works segment includes the execution of residential and non-residential construction works. The Infrastructure segment includes construction and operating activities as a franchisee or construction activities as a main contractor of transport infrastructure such as roads, railways, and bridges. The company was founded in 1934 and is headquartered in Yehud, Israel.

AFI Development PLC operates as a holding company with interests in real estate investment and development. The company operates through subsidiaries focuses on developing and redeveloping commercial and residential real estate assets, including offices, shopping centers, hotels, mixed-use properties, and residential projects. It operates through the following business segments: Development Projects-Commercial Projects, Development Projects-Residential Projects, Asset Management, Hotel Operation, Land Bank and Other. The Development Projects-Commercial Projects segment includes construction and selling of residential properties. The Asset Management segment includes the operation of investment property for lease or sale. The Hotel Operation segment includes the ownership and operation of hotels. The Land Bank segment includes the investment and holding of property for future development. The Other segment includes the management services provided for the projects. The company was founded by Alexander Khaldey on February 13, 2001 and is headquartered in Limassol, Cyprus.

Memorand Ltd. operates stationery stores.

Africa Israel Hotels Ltd. engages in operation and management of hotels and tourism sites in Israel and worldwide. Its hotels include Crowne Plaza, Bayview Haifa, and Indigo Hotel. The company was founded in 1992 and is headquartered in Tel Aviv, Israel.

Africa-Israel Investments House Ltd. functions as an investment holding Israeli company. The private company is based in Yahud Monoson, Israel.