Lapidoth is a holdings and Investment Group that focuses on investing in cash generating businesses while taking advantage of unique circumstances that creates profitable opportunities. Lapidoth has been active for more than 5 decades and has significantly evolved during that time from a government owned Oil company to a versatile investment and finance powerhouse that has been traded on the Tel-Aviv stock exchange for more than 10 years.
Founded in 1959 as a government owed company, Lapidoth has practiced oil prospection and drilling in the young state of Israel. Over the years the company has changed both its focus and its ownership. The company was privatized and it undergone an IPO in the 1990’s. Since the early 2000’s the company is under the control of Mr. Jacob Luxenburg, who is the majority shareholder. Mr. Luxenburg is a veteran of the Israeli Capital markets and financial world, with numerous successful investments, IPO’s and business transactions in his record. After many organizational and operational changes, Mr. Luxenburg has transformed Lapidoth into an extremely dynamic and efficient operation, that focuses not only on its traditional line of business but forever seeks new and exciting investments and business opportunities, that it always excels at.
While always looking for new investment opportunities, Lapidoth and its subsidaries are currently focused on the followin main segments of activity:
The new well was finished and the production test have been performed.
On August 13, 2015 a debt settalment in Sunny has been completed. Lpaidoth in now the controlling
On February 2, 2015, Scillex Debt settlement has been approved. Lapidoth takes control of the company.