Azrieli Group Ltd is an Israel-based property investment company which focuses on investments in the yielding commercial real estate segment. The Company monitors the consolidation process in the income generating real estate property sector in Israel and examines the business opportunities. Its holdings are characterized by the following main parameters: leadership in the respective sectors, high synergies and stable cash-flow. Azrieli Group Ltd holds 20% in Leumi Card, 61% in Granite HaCarmel and 4.8% in Bank Leumi Le-Israel. It owns 11 malls in Israel: Ayalon Mall, Negev Mall, Jerusalem Mall, Holon Mall, Margalit Hasharon Mall, Herzliya Outlet, Azrieli Mall, Modiin Mall, Kanor Mall, Givatayim Mall and Haifa Mall, and it purchased Haifa Mall in January 2008. Azrieli Group Ltd also fully owns the Azrieli Center in Tel Aviv, Herzliya Business Park complex and the Modiin City Center.