US President-elect Donald Trump’s son-in-law, Jared Kushner, is set to double his investment firm’s stake in one of the Israeli regime’s major financial firms, which funds the construction of illegal settlements in the occupied Palestinian territories, just days before Trump returns to the White House.
Kushner’s Affinity Partners, as Bloomberg reported on Friday, received the nod from Israeli regulators to double its stake in Phoenix Financial Ltd., an approval that allows the Saudi-backed investment firm to buy an additional 4.95 percent stake at 37.5 shekels ($10.3) a share.
According to Bloomberg, Phoenix’s share price has surged over 50 percent to around 58.5 shekels apiece since mid-July, when Kushner’s Miami-based firm announced the $128.5 million deal to buy its initial 4.95-percent stake.
Kushner has held up the deal as a sign of his Saudi-backed company’s confidence in the Israeli regime’s economy which has been drained of coffers after about 16 months of brutal onslaught on the besieged Gaza Strip without achieving any of the occupying entity’s declared goals.