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Ownership Structure and Strategy



Founded in 1917, Sonol was acquired by Granit Hacarmel Investments in 1981. In 2006, the Azrieli Group, Israel’s largest income generating real estate group, acquired a 64% stake in Granit Hacarmel Investments, becoming the majority shareholder in Sonol.
Since the Azrieli acquisition, Sonol has experienced a surge of growth and expansion. The new management introduced a strategic customer-centric focus, with the aim of transforming Sonol from a wholesale petroleum company to a retail company. To this end, Sonol underwent a complete rebranding process, and has been intensively upgrading and branding its petrol stations, and expanding its Sogood chain of convenience stores.

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