NO. 15


Financial and Banking News

Capital Markets

Solidaire Public Share Offer Is Oversubscribed, Officials Say

The $650mn public share issue for Solidaire, the private company charged withrebuilding the central area of Beirut, will be oversubscribed by the 10 Januaryclosing date, company officials say. Money has come both from Lebanese citizensand non-Lebanese Arabs. Lebanese citizens will receive priority in receivingshares. Lebanese Prime Minister Rafiq al-Hariri has...