The Ofer Brothers Group ( he, קבוצת האחים עופר) was an Israeli family shipping business started by the billionaire Ofer family which is today known as XT Group.

History

Sammy Ofer,

KBE KBE may refer to: * Knight Commander of the Most Excellent Order of the British Empire, post-nominal letters * Knowledge-based engineering Knowledge-based engineering (KBE) is the application of knowledge-based systems technology to the domain o ...

(22 February 1922 – 3 June 2011) born in Romania, and brother

Yuli Ofer Judah "Yuli" Ofer (1924 – 11 September 2011) was an Israeli businessman in real estate and industry, and one of the wealthiest people in Israel. A member of the Ofer family, the annual ''Forbes'' magazine's list of The World's Billionaires est ...

(1924 - 11 September 2011), established the Ofer Brothers shipping company in the 1950s. The Ofer Holdings Group dealt in property in Israel. The company branched out into aviation, high-tech, private equity, insurance, media and real estate. It became known as XT Group in November 2012 and is jointly owned by Idan Ofer and Udi Angel. Shares in

Israel Corporation Israel Corporation ( he, החברה לישראל) (also Israel Corp) is Israel's largest holding company. It was founded in 1968 by the Government of the State of Israel. 50% of its manufacturing activities and 70% of its consolidated revenues ...

, one of Israel's largest holding companies, were acquired by the Ofer family in 1999, with the then Ofer Holdings acquiring a stake as part of the extended group. The company's holdings include Zim, Israel Chemicals,

Oil Refineries Ltd BAZAN Group, (ORL or BAZAN, ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximatel ...

(BAZAN) in Haifa, Tower Semiconductor and more. The Ofer family is one of 20 families that control 25% of Israel's exchange-listed companies. On May 24, 2011 the US State Department imposed sanctions on the company for violating the Iranian sanctions regime. According to the State Department, an Ofer subsidiary based in Singapore had sold a ship to Iran in 2010. Former

Mossad Mossad ( , ), ; ar, الموساد, al-Mōsād, ; , short for ( he, המוסד למודיעין ולתפקידים מיוחדים, links=no), meaning 'Institute for Intelligence and Special Operations'. is the national intelligence agency ...

direction

Meir Dagan Aluf (Major General) Meir Dagan ( he, מאיר דגן; 30 January 1945 – 17 March 2016) was an Israel Defense Forces Major General (reserve) and Director of the Mossad. Personal life and education Meir Huberman (later Dagan) was born on a tr ...

has said that he does not believe any laws were broken by the company's business dealings in Iran, which according to company statements involved the transport of oil and petroleum products in a manner permitted under the sanctions regime. Prime Minister Benjamin Netanyahus office denied allegations that the company's dealings in Iran had been authorized by the State of Israel. After Sammy Ofer's death in 2011, Netanyahu made a public statement commending Ofer as a "true Zionist". On 3 June 2011, Sammy Ofer died at his Tel Aviv home at the age of 89. On 11 September 2011, Yuli Ofer died at his Herzliya home at the age of 87. After Sammy's death, the company was divided between his sons; Eyal received the company's hotel and cruise operations and his younger brother Idan received

, a 9.7% stake in Mizrahi Tefahot Bank, and XT Shipping (part of XT Group, formerly Ofer Holdings). The current chairman and joint owner of XT group is Udi Angel.

References

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External links

Ofer Brothers

XT Holdings
Ofer family Israeli businesspeople Shipping companies of Israel Israeli people of Romanian-Jewish descent

History

See also

References

External links