Africa-Israel Properties Ltd. (TASE: AFPR), a unit of Africa-Israel Investments Ltd. (TASE:AFIL) and the developer of the site in Ramat Hahayal, Tel Aviv where a carpark under construction collapsed yesterday killing three people, has notified the Tel Aviv Stock Exchange of the financial ramifications of the disaster. Africa-Israel Properties said it had a comprehensive insurance policy for the site worth NIS 122 million, and that although the incident had a tragic outcome it would not have a material financial impact on the company. RELATED ARTICLES Knesset c'tee to meet on Ramat Hahayal disaster 2 killed in Tel Aviv building site collapse The company said yesterday that it was assisting the rescue and security services in rescuing the injured, and that it was conducting a parallel investigation to that of the authorities into the causes of the incident. So far the cause has not been clarified, and the company said it would cooperate with all the relevant agencies in investigating the disaster. Published by Globes [online], Israel business news - www.globes-online.com - on September 6, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
