Lebanon Finance News

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



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


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


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


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


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


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.

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