Article: Africa Israel Residences is stable and profitable, says CEO. Residential-housing company claims to be free of Leviev's debt problems

SHARON WROBEL SHARON WROBEL
Jerusalem Post
09-11-2009
Africa Israel Residences is stable and profitable, says CEO. Residential-housing company claims to be free of Leviev's debt problems
Byline: SHARON WROBEL SHARON WROBEL
Edition: Daily
Section: Economics

Africa Israel Residences Ltd., Lev Leviev's local residential- housing business, says it has no cash-flow problems like its parent company, which is struggling to restructure debt.

"Africa Israel Residences is a stable and profitable public company, which is separate and independent from the parent company [Africa Israel Investments Ltd.]," Africa Israel Residences CEO Gil Dekel told The Jerusalem Post Thursday. "We don't have a ...

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