Businessman Alfred Akirov does not give up, and even before the decision of the Supervisor of Insurance in the Treasury regarding his application for a license to acquire control of Clal Insurance was made, he wants to add David Granot and Aaron Fogel to the board. In a letter sent through Alrov Real Estate and Hotels for this purpose, Akirov demands that a special general meeting of the shareholders of Clal Holdings be convened to approve their merger. Akirov holds 15% of Clal Holdings’ shares and seeks to exercise his right to protect his interests.
The professional competence of the two is not in doubt. Granot has served as CEO of Discount Bank, International Bank and Union Bank, and as a director of leading companies in the economy, including Bezeq and Alrov. Akirov’s details the candidates’ skills and potential conflicts of interest.
The requirement to appoint the members of the board of directors is in addition to an examination conducted by the Ministry of Finance at Akirov’s request to purchase Clal Insurance. The examination includes, among other things, the legal structure of the transaction and the capital requirements. Haim Samet is the chairman of the board of directors of Clal Insurance Holdings, which Akirov estimates is not interested in replacing him at this stage. The company, managed by Yoram Naveh, presented record profits of NIS 1.4 billion in 2021.