Israel Corp. was founded in 1968 by the Government of the State of Israel to attract foreign investors' participation in the development of the country. Shares of the company were offered to the public in 1969, 1970, 1974 and 1982, and the company was listed on the Tel Aviv Stock Exchange in 1982.  The Ofer Group acquired the majority of the company's shares in 1999.

As of December 31, 2007, 55% of the equity of the company was held by the Ofer Group, 18% by Bank Leumi Le-Israel Ltd. and the remainder by the public.  

Israel Corp. was founded in 1968 by the Government of the State of Israel to attract foreign investors' participation in the development of the country. Shares of the company were offered to the public in 1969, 1970, 1974 and 1982, and the company was listed on the Tel Aviv Stock Exchange in 1982.  The Ofer Group acquired the majority of the company's shares in 1999.

As of December 31, 2007, 55% of the equity of the company was held by the Ofer Group, 18% by Bank Leumi Le-Israel Ltd. and the remainder by the public.