VOL. XLI/VOL. XLII
IFC Invests In Banque Saradar
The International Finance Corporation (IFC) announced on 17 Decemberthat it had agreed to make its first equity investment in a commercial Lebanese bank,Banque Saradar. The IFC will make an initial investment of $10mn, or 10% of thebanks share capital, in addition to exercising its pre-emptive rights to the amountof LL1.5bn. The move is part of the IFCs effort to build the capital base ofdomestic...