# Kenon Holdings
Who / What
Kenon Holdings is a public corporation that serves as a spin-off from Israel Corporation. It operates on the New York Stock Exchange and the Tel Aviv Stock Exchange, allowing it to trade its shares in both markets.
Background & History
Kenon Holdings emerged as a result of Israel Corporation’s restructuring efforts. Founded within the broader context of Israel’s economic development, it was established to manage and oversee investments made by Israel Corp, including notable ventures such as Qoros. The company reflects Idan Ofer’s role in shaping Israel’s automotive sector through strategic acquisitions.
Why Notable
Kenon Holdings is significant for its role in facilitating cross-border investment opportunities and maintaining dual-listed shares on major exchanges. Its presence strengthens Israel’s economic ties with international markets, particularly the U.S., while showcasing Ofer’s influence in expanding corporate ventures beyond domestic borders.
In the News
As of recent years, Kenon Holdings has maintained relevance through its continued oversight of high-profile investments like Qoros, a joint venture aimed at producing affordable electric vehicles. Its dual-listing status also positions it as an example of Israel’s growing appeal to global investors seeking exposure to emerging markets and innovative industries.
