A
- Advertising Agencies
- Architects


B
- Banks


C
- Car Dealers
- Car Rental
- Casinos
- Commerce
- Consulting
- Cosmetology
- Craft


D
- Data Processing &
Computer Systems
- Decoration &
Furnishing


E
- Editing
- Elementary Schools
- Engineering &
Contracting
- Environment / Waste
Management Services
- Express Delivery


F
- Fashion
- Financial Services
- Food & Beverage
- Furnished Apartments


H
- Health / Beauty
- Higher & Vocational
Training
- Home Appliances
- Hotels 3
- Hotels 4(A)
- Hotels 4(B)
- Hotels 5
- Hotel & Restaurant
Amenities


I
- Industry
- Insurance
- Interior Design /
Decoration
- Internet


J
- Jewelleries


L
- Lighting
- Luxury


M
- Media
- Music


O
- Office Equipment /
Electronics
- Oriental Carpets
- Outside Decoration


P
- Printing
- Promotional Materials


R
- Real Estate
- Recruitment
- Restaurants


S
- Sanitary Wares
- Security
- Services
- Sweets


T
- Taxi
- Telecommunication &
Mobile Phones
- Transport
- Travel Agencies
- Technical Studies


W
- Watches
- Water Treatment










 


 

Back to archives Back to news
French Version


Solidere announces bloc trade of 4.51 million local shares

The giant real estate company Solidere announced a bloc trade of 4.51 million local shares valued at $94 million on Thursday as part of an effort to increase its shares of market liquidity on the Beirut Stock Exchange (BSE). This secondary sale of shares was marketed through an extensive management road show that targeted investors in Lebanon, the U.K., the U.S. and the Gulf.

"The success of the transaction was demonstrated by the size of the demand which generated an order book worth more than $380 million, or four more times oversubscribed," the company said in a statement.

It added that almost all of the orders were generated from outside Lebanon highlighting the growing investor interest in Lebanon in general and in the SOLIDERE story specifically.

EFG-Hermes Investment Banking acted as Sole Financial Advisor to SOLIDERE on this transaction.

"As the Lebanese market's biggest company in terms of market capitalization, the company's share has suffered from illiquidity of its stock on the local market, which had a direct impact on the secondary listings" the company said
http://www.dailystar.com.lb

In 2005, the daily average trading volume for SOLIDERE shares was 138,000 for tranche A and 104,000 shares for tranche B. Since the start of the road show, the daily trading volume on the BSE jumped 4.3 times to 590,000 shares for tranche A and 2.6 times to 270,000 shares for tranche B. The high over-subscription and strong investor demand are expected to help the liquidity of the stock going forward.

Solidere dominate the value and volume of trading on the BSE and analysts believe that prices of the company's stocks will continue to rise despite the negative political atmosphere. Prices of Solidere A and B shares are now trading between $24 and $25 per stock.

The company made a net profit of $21 million in the first half of 2005, more than the entire net income for 2004.

Beirut 06-02-2006
Redaction
The Daily Star



BUSINESS
INFORMATION
Business News
Business Forum
Business Opportunities
Fairs & Exhibitions
Useful Addresses
Currency Exchange Rates
Context
GENERAL
INFORMATION
Geography
Some Marks
To see in Lebanon
FIRST LEBANON
INFORMATION
Media of 1stlebanon
Impact of 1stlebanon
Add your company
Press Book
WEBSITE SELECTION
Flowers delivery Lebanon
Flowers delivery Dubai
Oriental food specialty
Lebanese wine
Real estate agency Beirut
Hotel Hamra-Beirut
Car rental
Beirut-Lebanon
Rent a car lebanon
Reservation for your travel in Lebanon
Association des français de l'étranger
-section Liban
Diamond jewelry Lebanon
Jewelry manufacturer Lebanon
Jewelry watches-Swiss made watches
Diamond Swiss watches
Modern and comtemporary jewelry
Byzantine & Phoenician jewelry
Jewelry creation
Oriental, classical and traditional decoration
Hand made furniture
Construction management Lebanon
Projects development
Shoes manufacturer and distributor Lebanon
Sole agent of Philips & Whirlpool in Lebanon
Web development
Web marketing
Printing press services
Paper products
Insurance company Lebanon
Insurance Lebanon
Rent villas France
Hotels all over Syria
Hotel management company
University Lebanon
Arab Media News