Engel General Developers Ltd.
Ticker:ENGEF
Exchange:NASDAQ-National Market Haifa Bay, ISRAL
Industry:Construction (SIC Code 1521)

Offering Information
Type of Shares:Class A Common Shares Filing Date:
U.S. Shares:3,600,000 Offer Date:9/30/97
Non-U.S. Shares:0 Filing Price: -
Primary Shares:3,600,000 Offer Price:$9.00
Secondary Shares:0 Gross Spread:$0.63
Offering Amount: $0 Selling:$0.37
Expenses: - Reallowance:$0.10
Shares Out After: -

Primary Underwriting Group
ManagerTierPhone
Friedman, Billings, Ramsey & Co., Inc.Lead Manager (703) 312-9571

Business Description
The company develops moderately priced houses and other residences in Israel. These communities include Haifa, Tel Aviv and Jerusalem.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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