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The value of the holding company's traded assets has fallen by some NIS 1 billion, slashing its NAV.

ORIAN to roll out Swipbox Infinity parcel locker network in Israel - read more about this with Parcel and Postal Technology International

Follow Apr. 12, 2021 Tzahi Nahmias was already very rich when he acquired Discount Investment Corp. a few months ago. But he doesn’t play the role of tycoon: He doesn’t work around the clock and his property company, Mega Or, occupies modest offices in Moshav Shilat with a discount supermarket on the ground level. He and his family live in the same moshav. “If you know how to make the right decisions and have a team you can rely on, you don’t need to be working 24/7,” he once told an associate. But those who have done business with Nahmias say there’s a difference between his pub...

Regulators approve Discount Investment sale The consortium led by Zahi Nahmias's Mega Or will buy 82% of Discount Investment in two stages. The sale of the 82% controlling stake in Discount Investment is underway. Yesterday evening, the Ministry of Communications approved the sale of the shares by the administrator of IDB Development to the investor consortium led by real estate company Mega Or Holdings Ltd. (TASE: MGOR), which is controlled by Zahi Nahmias. The ministry's approval was required because of Discount Investment's holding in telecommunications company Cellcom Israel Ltd. (NYSE:CE...