Discount Investment Corporation Ltd. (Hebrew: דיסקאונט השקעות), or DIC, is a holding company based in Israel.
[1] DIC also holds stakes in a number of companies, including Elron Electronic Industries, Cellcom Israel, and Israir.
Discount Investment Corporation was founded in 1961 as an investment vehicle of the Recanati family, which at the time were owners of the Israel Discount Bank, itself founded by the family in the 1930s after emigrating from Greece during the British Mandate of Palestine.
In 2002 the company sold its holdings to a group of investors headed by Nochi Dankner.
[2] In September 2012, Discount Investment Corporation and its parent company IDB Holdings had a "going concern" warning attached to their second-quarter financial reports by the group's auditors, who doubted the company can meet all its debt-repayment obligations in the foreseeable future.