EXHIBIT 21 Subsidiaries of the Registrant The following table sets forth information with respect to the subsidiaries of Ampal, their respective states of organization and the percentage of voting securities owned as of December 31, 1994: Percentage Voting Securities Name of Relationship State of Owned by Company to Ampal Organization Immediate Parent ------- ------------ ------------ ----------------- Ampal Development Subsidiary of Israel 90%(1) (Israel) Ltd. Ampal (Israel) Ltd. Ampal Engineering Subsidiary of Israel 99.9%(2) (1994) Ltd. Ampal Industries, Inc. Ampal Enterprises Ltd. Subsidiary of Israel 99.9%(3) Ampal Development (Israel) Ltd. Ampal Financial Subsidiary of Israel 51%(4) Services Ltd. Ampal (Israel) Ltd. Ampal Holdings (1991), Subsidiary of Israel 99%(5) Ltd. Ampal Industries, Inc. Ampal Industries, Subsidiary Delaware 100% Inc. Ampal Industries Subsidiary of Israel 100% (Israel) Ltd. Ampal Industries, Inc. Ampal (Israel) Ltd. Subsidiary Israel 100% Ampal Properties Subsidiary Israel 99%(6) Ltd. Ampal Industries, (Israel) Ltd. Ampal Sciences, Inc. Subsidiary of Delaware 100% Ampal Industries, Inc. Country Club Subsidiary of Israel 51% Kfar Saba Ltd. Ampal Industries, Inc. Percentage Voting Securities Name of Relationship State of Owned by Company to Ampal Organization Immediate Parent ------- ------------ ------------ ---------------- Nir Ltd. Subsidiary of Israel 99.96% Ampal Development (Israel) Ltd. Paradise Mattresses Subsidiary of Israel 85.1% (1992) Ltd. Ampal Properties Ltd. Pri Ha'emek (Canned Subsidiary of Israel 51.25%(7) and Frozen Food) 88 Ltd. Ampal Industries, Inc. (1) The remaining 10% of the voting securities is owned by Ampal. (2) The remaining .1% is owned by Ampal (Israel) Ltd. (3) The remaining .1% is owned by Nir Ltd. (4) The remaining 49% is owned by Ampal. (5) The remaining 1% is owned by Ampal. (6) The remaining 1% is owned by Ampal (Israel) Ltd. (7) An additional 3.44% is owned by Ampal Industries (Israel) Ltd.