Economy · Full coverage
Veteran Israeli Construction Firm M.G.A.D Files for Bankruptcy Amid 107 Million Shekel Debt
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Center 1Unrated 1
First reported by Calcalist · 1 hour ago
What happened
M.G.A.D Building and Investments, a veteran Israeli construction company, filed for liquidation due to a 107 million shekel debt. The company cited the recent war, labor shortages, rising costs, and financing burdens as causes. It employs 52 workers and operates 12 projects in central Israel.
- 01M.G.A.D filed for liquidation with 107 million shekels in debts.
- 02Company cites war impact, labor shortages, and cost hikes as causes.
- 03Debts include 34.7 million to banks, 7.2 million to employees and tax, 65.5 million to suppliers.
- 04Employs 52 workers and runs 12 active projects in Tel Aviv and nearby cities.
- 05Requests temporary trustee to protect assets and maximize creditor returns.
- 06Company owned by Reshmad Initiation and Holdings, controlled by Assi Morad and Assi Rashad.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
Related stories
Gabai Group completes Tel Aviv share offering despite wartime tragedyJun 21, 2026Former Israeli Business Tycoon Nochi Dankner Declared Bankrupt After Decade of Debt Struggles3 days agoAfter Debt Restructurings and Haircuts, Gadi Dankner Returns to the Market With an Urban Renewal CompanyJun 11, 2026Israeli Regulator Blocks Real Estate Valuation for Abu-Gad SubsidiaryJun 18, 2026Tiberias Mega-Project Lands in Court as Landowners Seek NIS 20.5 Million from Av-GadJun 15, 2026Migdal Insurance Buys Gindi Brothers’ Stake in Golden Mall for 840 Million Shekels3 days ago
