Uzi Vardi Zer

Union Bank of Israel Ltd. engages in the provision of commercial banking services. It operates through the following business segments: Individuals segment, Business segment, Diamonds segment, and Financial Management segment. The Individuals segment covers retail and private banking services, financing services for housing and capital market, current accounts management services, investment consulting, investments in securities, deposits, credit cards, mortgages, and loans. The Business segment covers banking services to business customers and provision of credit constitutes the main activity of this segment. The Diamonds segment provides services to active clients in the Tel Aviv Diamond Exchange. The Financial Management segment includes the Nostro activities of the bank through investments in securities (mainly bonds), bank deposits, transactions in derivative financial instruments, market making, and market and liquidity exposures management. The company was founded in 1951 and is headquartered in Tel Aviv, Israel.

Union Bank (Pakistan) Ltd. provides commercial banking services. The company is headquartered in Karachi, Pakistan.

Gmul Investment Co. Ltd. engages in the acquisition and maintenance of land in Israel and abroad for its betterment and sale of financing short term real estate transactions. The company was founded in 1950 and is headquartered in Bnei Braq, Israel.

U. Dori Construction Ltd. engages in the execution of construction projects in Israel. Its services include construction of residential, offices and industrial buildings, hotels, and public structures. The company was founded on July 20, 1998 and is headquartered in Raanana, Israel.