Lebanon Invest To Raise Capital To $40Mn
Lebanon Invest, one of Beirut's more active finance houses, has announced that it will increase its capital by $13.75mn to $40mn through a private share placement scheduled to be completed by 28 February. The capital increase, $4mn of which will come from new shareholders and $9mn from existing shareholders, was approved by the shareholders' assembly in mid-December. Recently Prince al-Walid ibn Talal of Saudi...
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