Exhibit
15.3



Advisors
relied upon in the consolidated financial statements for the years ended December 31, 2016, 2015 and 2014



|Exhibit No. |  | Name of advisor                             |  | Nature of professional advice                                                                                                                                                                                  |  | Reference to the consolidated financial statements
|----------- |  | ------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------
|15.2        |  | Colliers International                      |  | Valuation of Radisson Blu Hotel in Bucharest, Romania as of December 31, 2014, 2015 and 2016                                                                                                                   |  | Note 8                                            
|15.3        |  | Financial Immunities Dealing Room Ltd.      |  | Valuation of options granted by PC on; March 14, 2012, May 22, 2012 , August 21, 2012 ,
    November 20, 2012 and ESOP No.1 re-pricing valuation and,  and March 13,
    2013, august 22, 2013 under ESOP no.2 |  | Note 16 C                                         
|15.4        |  | Cushman & Wakefield -                       |  | Valuation of certain trading property of PC and the Company as of December 31, 2014, 2015 and 2016.                                                                                                            |  | Note 2 W (1) A, Note 4 and Note 6A                
|15.5        |  | Jones Lang LaSalle Services SRL             |  | Valuation of certain trading property of PC as of December 31, 2016 and the valuation of the Casa Radio project as of December 31, 2015.                                                                       |  | Note 1 E, Note 2 W (1) A, Note 4                  
|15.6        |  | Financial Immunities Dealing Room Ltd.      |  | Valuation of option granted by the Company during the year ended December 31, 2014 under the Elbit medical Option Plan.                                                                                        |  | Note 16 E                                         
|15.7        |  | De Kalo                                     |  | Valuations of option granted by the Company during the year ended December 31, 2016 under the Elbit medical and the company Option Plan.                                                                       |  | Note 15A and 16 E                                 
|15.8        |  | Greenberg Olpiner & co.                     |  | Valuation of plot located in Tiberias Israel as of December 31, 2014 and 2015.                                                                                                                                 |  | Note 8 A                                          
|15.9        |  | BDO Ziv Haft Consulting and Management Ltd. |  | Valuation of options granted by the company during the year ended December 31, 2014.                                                                                                                           |  | Note 16 E                                         
|15.10       |  | Variance Financials                         |  | Valuation of Gamida shares during 2014 in connection with the Novartis transaction.                                                                                                                            |  |                                                   
|15.11       |  | Financial Immunities Dealing Room Ltd.      |  | Fairness opinion relating effective interest of Bank Hapoalim loan for the year ended December 31, 2014.                                                                                                       |  | Note 16 F