Israel’s Zim Shipping Company Stake Acquired by Saudi Arabia and Qatar

According to the International Desk of Webangah News Agency, the Israeli economic newspaper Calcalist has reported the finalization of the sale of the Zim Integrated Shipping Services company. This Israeli firm is being transferred to the German company Hapag-Lloyd in a transaction reportedly worth $4.2 billion. Data published by the Mehr News Agency indicates that Qatar and Saudi Arabia, through their respective sovereign investment entities, now hold 12.3% and 10.2% stakes in Zim.

The Israeli Minister of Transport has expressed concern over this divestment, suggesting that the sale of Zim could weaken the regime’s logistical capabilities during emergency situations. Despite these concerns, Calcalist claims that Israel will maintain a strategic fleet for use in emergencies and wartime periods, even after the company’s sale.