As per the minutes of the Extraordinary General Meeting held by the shareholders of Jammal Trust Bank (JTB) on Sept. 24th 2019 which entailed the request to self-liquidate the bank, and according to BDL’s ... read more
According to a statement released by Midclear, Cedrus Invest Bank increased its capital on 21/06/2017 through the issuance of new nominal ordinary shares. The bank increased its capital from LBP ... read more
According to Midclear, BLC Bank S.A.L acquired all the assets, liabilities, rights and obligations of BLC Invest S.A.L. BLC Invest has therefore been scratched off the list of banks in Lebanon and its ... read more
In compliance with the Central Bank’s circular #411, which cancels bearer shares in Lebanon, HOLCIM issued a statement regarding its own bearer shares. HOLCIM announced that during an Extraordinary General ... read more
In November 2016, Parliament passed the law that states that joint-stock companies are forbidden from issuing bearer shares. Companies who already have bearer shares are compelled to replace them with ... read more
According to Midclear, the board of directors of IBL Bank, who convened on 16/05/2016, decided to redeem and cancel the bank’s preferred shares series (2) through re-purchase from shareholders. The number ... read more
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 ... read more
Following the approval of the capital markets’ authority on September 26, 2016, BEMO securitization (BSEC) established a securitization investment fund for Dima Healthcare, dubbed “DHC Healthcare 2 SIF”. ... read more
Fransabank increased its capital from $301.49M to $308.46M by issuing 525,000 new preferred shares series E Issue 2015 with nominal value of $13.27 per share (or LP 20,000). The capital increase came in ... read more
In January 2015, BEMO Securitization launched a mutual investment fund named “Debbane Agri SIF “. On the 10th of November 2015, Midclear announced the distribution of notes for the shareholders of this ... read more
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