A poster with the slogan "Stop Solidere" on the façade of the Saint-Georges Hotel in Beirut. (Credit: AFP archives)
What will Solidere shares be worth once they are traded in “fresh” dollars? And what value will extending the company’s life beyond 2029 bring to shareholders?Solidere, the largest company on the Beirut Stock Exchange by reported market capitalization, is approaching two major milestones, while its shares continue to trade in “lollars” — bank dollars frozen since the crisis. More from Mounir Lebanon’s economy still runs on dollars, largely outside the banking system The company is requesting an additional 25 years beyond its current statutory term, that is, until 2054. At the same time, the Capital Markets Authority of Lebanon is preparing, for the first quarter of 2027, the transition from trading in bank dollars to fresh dollars. The goal is to “revitalize the Beirut Stock Exchange,” a source close to the Capital Markets Authority...
What will Solidere shares be worth once they are traded in “fresh” dollars? And what value will extending the company’s life beyond 2029 bring to shareholders?Solidere, the largest company on the Beirut Stock Exchange by reported market capitalization, is approaching two major milestones, while its shares continue to trade in “lollars” — bank dollars frozen since the crisis. More from Mounir Lebanon’s economy still runs on dollars, largely outside the banking system The company is requesting an additional 25 years beyond its current statutory term, that is, until 2054. At the same time, the Capital Markets Authority of Lebanon is preparing, for the first quarter of 2027, the transition from trading in bank dollars to fresh dollars. The goal is to “revitalize the Beirut Stock Exchange,” a source close to the Capital...
7 p.m. recap: Katz threatens Beirut south suburbs; London seeks to protect Riyadh; Netanyahu discusses ‘eliminating’ Iran’s regime