Sami Ofer, an Israeli businessman whose company has come under fire in recent weeks for alleged dealings with Iran, died late Thursday night of a long battle with unknown illness in his home at the age of 89, Haaretz reported.
The date and time of his funeral are yet to be announced.
The Ofer Brothers Group is currently under investigation for allegedly docking ships under their ownership in Iran after the Israeli company was recently named in a U.S. State Department report for commercial dealings with Iranian shipping interests.
Ofer, one of the richest people in Israel, was a businessman and shipping magnate, who had many dealings with the Israeli government. He ran multiple venues, including the Dead Sea Works, Zim shipping company and oil refineries.