Modi’in Partnership was established in May 1992 and operates in the field of Oil & Gas exploration. The partnership currently owns five assets based in California, USA: Mountainview (24.75%), GrapeVine (23.5%), Cassini (36.5%), Shideler (37.5%), Concord (37.5%) and owns 10% of Shimshon in Israel.
The partnership is traded on the Tel Aviv Stock Exchange (symbol: MDIN.L). 67.77% of the partnership units are held by the public. Remaining units are held by the GP and controlling shareholders.
The partnership is managed by Modi’in Energy Management (1992) Ltd. (“the General Partner”), a private company owned by IDB development corporation Ltd. (18.08%), Mr. Itzhak Sultan (10.70%) and others (71.22%).