The knowledge economy in Lebanon is continuing to attract new funds and stakeholders. The newest addition is Pheonician Fund I, a venture capital (VC) with a target size of $50M.
On the 8th of August 2016, based on an agreement between the Phoenician Fund I and Midclear, Midclear received the records of the Phoenician Fund I’s ordinary shareholders, whose details are as follows:
| Capital (in $) | 20,000 |
| Quantity of Shares | 5,000 |
| Value per Share | $4 |
| Trading | Over-the-counter (OTC) |
Source: Midclear