It was a holding company that primarily acquired interests in Israel-related businesses.

[1] In 1942, members of the Labor Zionist movement founded AMPAL to guarantee loans for financial projects in the Jewish Yishuv.

From 1945, the corporation financed the development of basic industries, utilities and housing.

[3] In 2002, businessman Yossi Maiman acquired Ampal from Beny Steinmetz for US $174 million in 2002.

[6] In 2013, a New York Court ordered that Ampal be liquidated under Chapter 7 bankruptcy proceedings.