Harel
Found 8 recent publications
Harel reveals: Is the interest rate in Israel heading for a U-turn?
The market assigns a probability of about 50% to an imminent cut, but an in-depth analysis of the global economy reveals why the Bank of Israel may wait and presents a surprising forecast for the dollar exchange rate.
Employee forgot to use the fridge: Millions in medicine destroyed
Insurance company Harel has filed a 6.4 million shekel lawsuit against logistics firm DSV. Due to a warehouse employee's error, a shipment of high-value medicine requiring 2–8°C storage was left in improper conditions for seven days and subsequently destroyed.
Harel celebrated its achievement in the Globes brand index during an investor call
Alongside a net profit of approximately 1.02 billion shekels in the second quarter, Harel CEO Nir Cohen chose to conclude the investor call with a different achievement. Cohen took pride in the fact that Harel is the only insurance and finance company to have entered the Globes brand index. "It is not just a matter of recognition, but to what extent the customer trusts and values the brand - this...
Jump in Harel's quarterly profit — over one billion shekels; will distribute a dividend of 400 million shekels
Harel Insurance ended the second quarter with a total profit of 1.02 billion shekels, a 30% increase compared to the same period last year. Following these strong results, the company announced a dividend distribution of 400 million shekels.
Harel: Investments and credit drive 30% profit jump
Insurance giant Harel reported a 30% increase in second-quarter profit, totaling 1 billion shekels. Growth was fueled by investment gains and a 68% surge in asset management and credit operations. The company is shifting to a quarterly dividend distribution policy.
Harel seeks to deepen its activity in hedge funds - in talks to acquire Tulip
Harel is seeking to expand its activity in the hedge fund sector through the acquisition of a management entity. The group is in talks to acquire shares in the management company of the Tulip hedge fund at a valuation of approximately 40 million shekels.
Harel paid the benefit - and regretted it: The 71-year-old demands 16,930 shekels
A 71-year-old insured person is suing the insurance company Harel, after it recognized him as a nursing care patient based on its own doctor's examination, but shortly thereafter canceled his eligibility following a covert investigation.
Motion to approve a derivative lawsuit against Harel: Controlling shareholders memorialized their parents in the company's tower without consideration
A shareholder of Harel has filed a derivative lawsuit alleging that controlling shareholders used the company's office tower to memorialize their parents without providing compensation. The motion claims this constitutes an unauthorized interested party transaction.