National Bank of Egypt
In 1929, Palestine Hotels Ltd. purchased on Jerusalem's Julian's Way, today King David Street. Half the construction costs were paid by Ezra Mosseri, an affluent Egyptian Jewish banker and director of the National Bank of Egypt, and another 46% by other wealthy Cairo Jews. The approximately 4% remaining was paid by the National Bank of Egypt, which purchased 693 shares of the company between 1934 and 1943.