Search

Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

Tag

BankMed

Bank Audi is not merging with Bankmed. Baz: “We are redeploying employees n ot laying them off”. News from Lebanon

Audi-BankMed.jpg

Bank Audi is not considering a merger with any big bank, and claims that it is in talks to acquire Bankmed are baseless, according to Freddie Baz, Vice Chairman and Strategy Director of the Bank Audi group.

Mega mergers cannot happen in Leban….
Article details

Advertisements

Raoul Nehme named top gun at Bankmed. Second managerial change this year. News from Lebanon

Raoul-2.jpg

Raoul Nehme has been appointed as Executive General Manager of Bank Med. He is replacing Mohamed Ali Beyhum who is leaving the bank. Beyhum has been in the position since 2010.

Nehme, who will take charge of his new job in June, was Chairman ….
Article details

Alaa Al Khawaja chairs GroupMed. Mohammed Hariri is still Chairman of Bankmed. News from Lebanon

Bankmed.jpg

Egypt-based Jordanian businessman Alaa Al Khawaja, who last year acquired a 42.24 percent stake in GroupMed Holding, has become the group’s Chairman.

Khawaja has replaced Mohammed Hariri who is still in his position as Chairman and General Ma….
Article details

GroupMed mulls selling shares in IPO. Khawaja completes acquisition of 42.2 percent stake

GroupMed-IPO-Lebanon.jpg

GroupMed Holding, the owner of Bankmed, is considering launching an Initial Public Offering (IPO) of its shares in the near future, said Alaa Al Khawaja, a new shareholder in the company.

Khawaja said that his acquisition of 42.24 percent sta….
Article details

Le Vendome secures debt reschedule scheme. The value of loans is around $100 million

ven.jpg

Bankmed and Bank Audi have agreed to refinance the debts of La Société des Grands Hotels du Liban (SGHL), owners of the Hotel Phoenicia and Le Vendome, after negotiations to restructure the debt. Bankmed is the main lender.

Th….
Article details

Blog at WordPress.com.

Up ↑