According to Midlcear, the Central Bank of Lebanon just approved the transformation of Lucid Investment Corporation from a financial institution into a specialized bank.
According to Lucid’s website, “the Company was established in 2003 as a specialized corporate financial advisory firm offering high-end financial advisory and management consulting services to medium size businesses in the Middle East & Africa region.”
The corporation will now be enlisted amongst Lebanese banks under the name of Lucid Investment Bank S.A.L and under the number 142. Midclear announced it has received the shareholders’ records of the new bank.
Details of Lucid Investment Bank S.A.L’s Nominal Ordinary Shares
| Issuer and Member Code | 142 |
| ISIN Code | LB0000034514 |
| Security Name | Lucid Investment Bank S.A.L – Not listed |
| Capital in LBP | 30,000,000,000 |
| Quantity of Shares | 300,000 |
| Par Value per Share in LBP | 100,000 |
Source: Midclear