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A poster with the slogan "Stop Solidere" on the façade of the Saint-Georges Hotel in Beirut. (Credit: AFP archives)
Add as preferred on Google What will Solidere shares be worth once they are traded in “fresh” dollars? And what value will extending the company’s life beyond 2029 bring to shareholders?Solidere, the largest company on the Beirut Stock Exchange by reported market capitalization, is approaching two major milestones, while its shares continue to trade in “lollars” — bank dollars frozen since the crisis. More from Mounir Lebanon’s economy still runs on dollars, largely outside the banking system The company is requesting an additional 25 years beyond its current statutory term, that is, until 2054. At the same time, the Capital Markets Authority of Lebanon is preparing, for the first quarter of 2027, the transition from trading in bank dollars to fresh dollars. The goal is to “revitalize the Beirut Stock Exchange,” a source close to the Capital... You have reached your article limitStay informed about a Middle East in crisis.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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