Financial Statements and Rating Reports

Annual/Quarterly Reports

  • 2019
  • Q1
    Financial Statements - Q1 2019

    IDB development, Interim Financial Statements - Q1 2019

    Financial Statements - Q1 2019 Report
  • Q2
    Financial Statements - Q2 2019

    IDB development, Interim Financial Statements - Q2 2019

    Financial Statements - Q2 2019 Report
  • Q3
    Financial Statements - Q3 2019

    IDB development, Interim Financial Statements - Q3 2019

    Financial Statements - Q3 2019 Report

Board of Directors

Mr. Eduardo Elsztain image
01 06
  • 01 06
  • Mr. Eduardo Elsztain

    Chairman of the Board

    Mr. Eduardo Elsztain is chairman of IRSA Inversiones y Representaciones S.A., one of Argentina’s largest and most diversified real estate companies; and IRSA Commercial Properties, with 15 shopping centers in Argentina, premium office buildings, five-star hotels and residential developments; with investments also extended into the US real estate market.

    Mr. Elsztain serves as the Chairman of Cresud and BrasilAgro, leading Latin American agricultural companies that own directly and indirectly almost 1M ha of farmland. Moreover, he is also Chairman of Banco Hipotecario, one of the most traditional and solid institutions in the Argentine financial system; and Chairman of Austral Gold Limited, an Australian-based exploration company which has started producing gold and silver at the mines it holds in Chile and Argentina. He serves as Chairman of IDB Development; Discount Investment Corporation Ltd.; Property & Building Corp. and Elron Electronic Industries; and has direct and indirect interest in Clal Insurance Enterprises Holdings; Shufersal; Cellcom; among others. Mr. Elsztain is also member of the World Economic Forum, the Council of the Americas, the Group of 50 and Argentina’s Business Association (AEA). He is President of Fundacion IRSA, which promotes education among children and young people; President of TAGLIT – Birthright Argentina; Co-Founder of Endeavor Argentina; and Vice-President of the World Jewish Congress.

  • Mr. Eduardo Elsztain

    Chairman of the Board
    Mr. Eduardo Elsztain image
  • Mr. Saul Zang

    Mr. Saul Zang image
  • Mr. Alejandro Elsztain

    Mr. Alejandro Elsztain image
  • Mrs. Diana Ingrid Elsztain Dan

    Mrs. Diana Ingrid Elsztain Dan image
  • Mr. Giora Inbar

    External Director
    Mr. Giora Inbar  image
  • Ms. Elina Frenkel Ronen

    External Director
    Ms. Elina Frenkel Ronen image


Mr. Eran Saar  image
01 02
  • 01 02
  • Mr. Eran Saar


    Mr. Eran Saar is serving since December 2019 as CEO of IDB development and Discount investment.

    Prior to IDB/DIC Mr. Saar served as CEO of Equital Group, and CEO of Isramco Negev 2.

    During his career he also served as CEO of Isal Amlat Investments as CFO of Kaman Holding and as a deputy director at the Corporations Department of the Israel Securities Authority (ISA).

    Mr. Saar earned an MBA (Cum Laude) with a concentration in finance (2004), an LLB from the Faculty of Law (2002), and a BA in Accounting and Law (1997) all from the Hebrew University of Jerusalem. During his IDF service he has been a combat soldier and commanded an elite unit.

  • Mr. Eran Saar

    Mr. Eran Saar  image
  • Mr. Aaron Kaufman

    VP General Counsel
    Mr. Aaron Kaufman image