Clal Finance Ltd. (TASE: CLFN) is Israel`s largest financial institution outside the banking system, providing a broad array of financial services ranging from portfolio management to brokerage and underwriting services. The Company owns and manages mutual funds, an in-house hedge fund, and offers individually tailored structured products to clients.

With over 40 years of experience operating in the Israeli market, and over NIS 57bn in assets under management in Israel and abroad, Clal Finance is a leading player in the finance industry. In 2007, Clal Finance reported a net profit of NIS 94m (IFRS) and shareholders equity amounted to NIS 870m.

Clal Finance is 79% owned by Clal Insurance Enterprises Holdings, a publicly traded company in which IDB Development Corporation - Israel`s largest holding company- holds a 55% stake.

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