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News
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BLC Bank S.A.L. - Monday May 20, 2019:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 pm on June 12, 2019, at the Bank’s Head Office in Adlieh Beirut, BLC Bank Bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the year 2018. - Examine the Reports of the Auditors for the year 2018. - Give proper authorizations as per Articles 158 & 159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts for the year 2018. - Give full discharge to the Board of Directors. - Allocate the results of the year 2018. - Elect a new Board of Directors. - Appoint External Auditors. - Other topics.
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Bank of Beirut S.A.L. – Friday May 17, 2019:
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Bank of Beirut SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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Funeral of Patriarch Sfeir – Thursday May 16, 2019:
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The Beirut Stock Exchange announces the closure of the stock market on Thursday, May 16, 2019, the day of the funeral of Patriarch Mar Nasrallah Boutros Sfeir. Trading will resume on Friday May 17, 2019.
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Banque BEMO S.A.L. – Friday May 10, 2019:
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Banque BEMO SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of May 06, 2019
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Banque BEMO S.A.L. – Friday May 10, 2019:
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Banque BEMO SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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Banque BEMO S.A.L. - Thursday May 09, 2019:
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In Reference to the announcement issued by Banque BEMO SAL relating to the distribution of dividends for the holders of preferred shares on record as at May 14, 2019, the Beirut Stock Exchange declares that the Ex-dividend date of Banque BEMO's preferred shares is Friday, May 10, 2019. (Circular: 483/2019)
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Resumption of trading
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The Beirut Stock Exchange declares the resumption of trading in its markets as of Wednesday, May 08, 2019 (Circular 482/2019).
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Bank of Beirut S.A.L. - Tuesday May 7, 2019:
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The Ordinary General Assembly of Shareholders of Bank of Beirut SAL convened on May 06, 2019 and resolved to approve the Bank’s accounts for the year 2018. The General Assembly declared distribution of dividends as follows: to Preferred Shares: A gross amount of USD /37,696,625/ distributed as follows: To Holders of Series “G” Preferred Shares: A total of USD /8,434,125/; USD 2.3625 per share before tax (10%). To Holders of Series “H” Preferred Shares: A total of USD /9,450,000/; USD 1.75 per share before tax (10%). To Holders of Series “I” Preferred Shares: A total of USD /8,437,500/; USD 1.6875 per share before distribution tax (10%). To Holders of Series “J” Preferred Shares: A total of USD /4,875,000/; USD 1.6250 per share before distribution tax (10%). To Holders of Series “K” Preferred Shares: A total of USD /6,500,000/; USD 1.6250 per share before distribution (10%). To Priority Shares Class 2014: Priority dividends of USD /4,000,080/; USD 0.84 per share before distribution tax (10%). To Common Shares: A gross amount of LBP /70,146,435,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,150 per share before distribution tax (10%). Dividends will be paid through Midclear SAL on May 15, 2019 for the holders of shares as at May 10, 2019 (Record Date). The Ex-dividend date is May 08, 2019.
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Banque BEMO S.A.L. - Tuesday May 7, 2019:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on May 06, 2019 and approved a gross distribution of dividends to holders of preferred shares Series 2013 amounting to USD 2,450,000; USD 7 per Preferred share Series 2013 (USD 6.30 net of 10% distribution tax). Dividends will be paid to preferred shares holders starting June 10, 2019 after deducting the 10% distribution tax, for the holders of preferred shares as at May 14, 2019 (Record Date), according to the records of Midclear S.A.L.
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Compulsory suspension of trading
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Due to the open strike declared by the employees of Banque Du Liban, and in reference to the confirmation letter received by the Beirut Stock Exchange from Midclear stating that the latter cannot carry out the clearance and settlement process of transactions executed at the Beirut Stock Exchange, on time, during the period of open strike, and in order to protect the interest of all investors, the Beirut Stock Exchange declares the suspension of trading in its markets till further notice (Circular nb. 481/2019).
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Labor Day – Wednesday May 01, 2019:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 01, 2019. Trading will be resumed on Thursday, May 02, 2019.
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Orthodox Good Friday and Easter Holidays– April 26 & April 29, 2019:
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On the occasion of Orthodox Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, April 26, 2019 till Monday, April 29, 2019. Trading will be resumed on Tuesday April 30, 2019.
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Good Friday and Easter Holidays– April 19 & April 22, 2019:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, April 19, 2019 till Monday, April 22, 2019. Trading will be resumed on Tuesday April 23, 2019.
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Byblos Bank S.A.L. – Wednesday April 17, 2019:
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The Ordinary General Assembly held on 17 April 2019 at the Bank’s Headquarters, approved the distribution of dividends for the year 2018 as follows: For Common Shareholders - LBP 212 per share (LBP 190.8 net of 10% withholding tax). For Preferred Shareholders: Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax). Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax). Such dividends will be paid on or about 25 April 2019 after deducting the 10% withholding tax, to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 April 2019. For GDR holders: LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax (of 10%) and other expenses starting 02 May 20219
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BLOM Bank S.A.L. – Tuesday April 16, 2019:
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BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 16, 2019 at the Bank’s Headquarters and approved the accounts of the Bank for 2018, as well as the distribution of dividends amounting to LBP 364,148,019 thousand to Holders of Common Listed Shares, at an amount of LBP 1,700 per share subject to the distribution tax of 10%. Dividend payment is made through Midclear S.A.L., starting April 24, 2019 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at April 23, 2019 (Record Date), with Wednesday April 17, 2019 being the Ex-dividend date. Regarding BLOM GDR Holders, dividends are expected to be settled by BANK OF NEW YORK MELLON starting from May 02, 2019
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Bank of Beirut S.A.L. – Tuesday April 16, 2019:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 5 p.m., on Monday May 06, 2019, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the year 2018. - Approve the Auditors’ reports for the year 2018. - Approve the Balance Sheet and Profit and Loss accounts for the year 2018. - Appropriate the profits of the year 2018. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the year 2018. - Appoint a second auditor for the years 2019, 2020 and 2021and determine his fees. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Code of Commerce and in article 152 of the Code of Cash and credit. - Other topics.
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Banque BEMO S.A.L. - Tuesday April 16, 2019:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 9:00 am on Monday, May 06, 2019 at the Bank’s Head Office, Riad Al Solh- Assayli bldg. 7th Floor to discuss the following agenda: - Examine the Board of Director’s general report for the year 2018. - Examine the Auditors’ report for the year 2018. - Examine the Board of Director’s special report and the Auditors’ special report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2018 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements as at 31/12/2018. - Elect new Directors. - Grant discharge to the Chairman and members of the Board of Directors in respect of activities performed during the year 2018. - Fix the remunerations of the Chairman – General Manager for the year 2019. - Fix the remunerations of the Board of Directors for the year 2019. - Appoint External Auditors and determine their fees. - Other topics. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the Bank’s Head Office 15 days before the Ordinary General Assembly.
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Banque BEMO S.A.L. - Tuesday April 16, 2019:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am, on Monday May 06, 2019, at the Bank’s headquarters in Riad Al Solh- Assayli bldg- 7th Floor in order to examine the following agenda: - Increase the capital of the bank. - Amend articles of the By-Laws relating to the capital increase. - Other topics.
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Bank Audi S.A.L- Monday April 15, 2019:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 12, 2019 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new three years mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2021). The newly elected Board convened following the General Assembly and resolved, amongst other things, to re-elect (i) Mr. Samir N. Hanna as Chairman of the Board – General Manager, and (ii) Dr. Marwan M. Ghandour and Dr. Freddie C. Baz as Vice-Chairmen; pursuant to the above, the Board of Directors is composed as follows: Mr. Samir N. Hanna (Chairman and Group CEO); Dr. Marwan M. Ghandour (Vice-Chairman); Dr. Freddie C. Baz (Vice-Chairman); Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Imad I. Itani; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar; Mrs. Sherine R. Audi; Mr. Carlos A. Obeid; Mr. Aristidis I. Vourakis.
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Bank Audi S.A.L- Friday April 12, 2019:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 12, 2019 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2018 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Series “I” Preferred Shares a total of USD 17.5 Million on the basis of USD 7 per share. - To Holders of Series “J” Preferred Shares a total of USD 19.25 Million on the basis of USD 7 per share. - To Holders of Common Shares: a total of LBP 331.4 Billion on the basis of LBP 829.125 per share. Dividends will be paid through Midclear S.A.L (after deduction of the withholding tax at the rate of 10% where applicable) starting April 18, 2019 for the holders of shares as at April 17, 2019 (Record Date), according to the records of Midclear S.A.L., with Monday April 15, 2019 being the Ex-dividend date.
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BLOM Bank S.A.L. – Friday April 12, 2019:
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BLOM Bank SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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De-listing of a maturing Eurobond Issue – Wednesday April 10, 2019:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday, April 15, 2019 the Lebanese Republic Eurobond Issue labeled Series number 70, worth USD /500,000,000/, carrying an Interest rate of 5.50% and maturing on April 23, 2019. Circular 480/2019
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Board of Directors’ Report addressed to the Annual General Assembly of Shareholders of April 17, 2019.
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2018.
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018.
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BLOM Bank S.A.L. – Tuesday April 2, 2019:
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BLOM Bank SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of April 16, 2019.
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BLC Bank S.A.L. -Friday March 29, 2019:
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In reference to the Extraordinary General Assembly of shareholders of BLC Bank S.A.L. of December 17, 2018 that decided to redeem and cancel all the /350,000/ Series C preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank, and in reference to the approval of Banque Du Liban on the aforementioned resolutions, and in reference to the announcement issued by the bank on March 28, 2019 that fix the record date on April 03, 2019; the Beirut Stock Exchange declares that the Ex-free shares distribution date of BLC common shares is Monday, April 01, 2019 . (Circular: 479/2019)
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The Board of Directors of Byblos Bank SAL has the pleasure to announce to its shareholders that it resolved in its meeting held on 22 March 2019, to propose to the Ordinary General Assembly convened to meet on 17 April 2019 at the Bank’s Headquarters, the distribution of dividends for the year 2018 as follows
For Common Shareholders:
LBP 212 per share (before withholding tax of 10%)
For Preferred Shareholders:
Class 2008: USD 8 per share; (before withholding tax of 10%)
Class 2009: USD 8 per share; (before withholding tax of 10%)
Subject to the Ordinary General Assembly’s approval such dividends will be paid on or about 25 April 2019 after deducting the 10% withholding tax, to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository).
For GDR holders:
LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax of 10% and other expenses starting 2 May 2019.
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 a.m. on Wednesday, 17 April 2019, in order to discuss and decide on the matters listed on the following agenda:
• To hear the general and special Board reports for the fiscal year 2018.
• To hear the Auditors’ general and special reports for the fiscal year 2018.
• To advise on the accounts of the fiscal year 2018 and on the allocation of its results.
• To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2018.
• To advise on the operations performed between the Board members and the Bank during the fiscal year 2018 and on the contractual terms of the Board members and the senior officers of the Bank, and the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2019 all the operations described in the special report of both the Board of Directors and the Auditors.
• To advise on the determination of the auditors’ remuneration for the fiscal year 2019 and the directors and Board committee members’ emoluments for the fiscal year 2019.
• Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2018, general and special reports of both the Board and the Auditors for the fiscal year 2018, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 a.m. on Wednesday, 17 April 2019, in order to discuss and decide on the matters listed on the following agenda:
• To hear the general and special Board reports for the fiscal year 2018.
• To hear the Auditors’ general and special reports for the fiscal year 2018.
• To approve the accounts of the fiscal year 2018 and the allocation of its results.
• To discharge the chairman and Board members for their administrative duties during the fiscal year 2018.
• To approve the operations performed between the Board members and the Bank during the fiscal year 2018 and the contractual terms of the Board members and the senior officers of the Bank, and to authorize the Board members in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2019 all the operations described in the special report of both the Board of Directors and the Auditors.
• To determine the auditors’ remuneration for the fiscal year 2019 and the Board of Directors and Board committee members’ emoluments for the fiscal year 2019.
• Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2018, general and special reports of both the Board and the Auditors for the fiscal year 2018, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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BLOM Bank S.A.L. – Tuesday March 26, 2019:
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The Board of Directors of BLOM BANK S.A.L invites the shareholders to attend the annual General Assembly Meeting which will be held at noon on Tuesday, April 16, 2019 at the Bank’s headquarters in Beirut, Verdun, Rashid Karami Street, BLOM BANK S.A.L. building (bloc A – 7th floor) to deliberate in the following items on the agenda (Read more)
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Bank Audi S.A.L- Tuesday March 26, 2019:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday April 12, 2019 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2018 and to examine the following agenda:
(Read more)
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Bank Audi S.A.L- Tuesday March 26, 2019:
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March 22, 2019
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,670 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Friday March 22, 2019:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2018.
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Bank Audi S.A.L- Friday March 22, 2019:
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Bank Audi sal’s Annual Report for the year ended 31 December 2018 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal, Audi Plaza – Bab Idriss. PO. Box 11-2560. Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website http://www.bankaudigroup.com or by clicking on the following link: https://www.bankaudigroup.com/Library/Assets/AnnualReport2018.pdf
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Bank Audi S.A.L- Friday March 22, 2019:
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In its meeting held on March 20, 2019, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 829.125 per common share. Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 18, 2019 to holders of common shares as at April 17, 2019 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Feast of Annunciation – Monday March 25, 2019:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, March 25, 2019.
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Notice of change in office hours
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Effective Monday, March 18, 2019 Beirut Stock Exchange’s office hours will be as follows: Monday till Friday: from 08:00 till 15:30. Saturday and Sunday: days off. N.B. The new office hours will not affect trading hours.
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Bank Audi S.A.L- Wednesday February 20, 2019:
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Bank Audi S.A.L. (the "Company") announces that a new deposit agreement (amended and restated Regulation S and Rule 144A Deposit Agreement relating to a Deposit Agreement originally dated 23 October 1997, as amended and restated on 10 May 2010) (the "Agreement") for the issuance of global depositary receipts (the "GDR Programme") with The Bank of New York Mellon shall become effective from 25 February 2019 (with certain amendments to the existing Deposit Agreement taking effect on the date which is three months from 25 February 2019). The Bank of New York Mellon replaces Deutsche Bank Trust Company Americas as Depositary under the Agreement effective from 25 February 2019. The custodian (the “Custodian”) under the GDR Programme, Bank Audi S.A.L. shall also be replaced by Midclear S.A.L. with effect from 25 February 2019. (Read more)
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Memorial Day of P.M. R. Hariri- Thursday February 14, 2019:
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On the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Thursday February 14, 2019.
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BLC Bank S.A.L. - Thursday January 17, 2019:
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BLC Bank SAL announces that on 11/1/2019 the below listed block trades were registered with the Beirut Stock Exchange in relation to the ordinary common shares of the Bank, whereby each of Holding M. Sehnaoui SAL, Silver Capital Holding SAL, Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade, transferred their entire participation in the share-capital of the Bank, after having received the approval of the Central Council of Banque du Liban on November 28, 2018 on such transfers. The registered trades are as follows:
1. Transfer by Holding M. Sehnaoui SAL of 21.365.000 listed ordinary common shares to BLC Bank SAL representing 10% of the share-capital of the Bank, at a price of US$2.37 per shares i.e. US$50.605.000 in aggregate. 2. Transfer by Mr. Maurice Sehnaoui, Mr. Walid Ziade, Ms. Youmna Ziade, Silver Capital Holding SAL and Holding M. Sehnaoui SAL of 18.857.254 listed ordinary common shares to Fransabank SAL representing 8.83% of the share-capital of the Bank, at a price of US$2.4. per shares i.e. US$45.819.895 in aggregate, as part of one block trade. In addition, outside the Beirut Stock Exchange, Mr. Maurice Sehnaoui, Mr. Walid Ziade, Ms. Youmna Ziade, Silver Capital Holding SAL and Holding M. Sehnaoui SAL transferred 9,546,628 unlisted ordinary common shares to Fransabank SAL representing 4.47% of the share-capital of the Bank.
To note that the transfer of ownership of the guarantee shares owned by each of Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade, amounting to 3,000 shares in the name of Fransabank SAL will be effected following the approval of the 2018 accounts by BLC Bank SAL shareholders’ meeting. Further to these operations, Fransabank SAL now owns 81.87% of the share-capital of BLC Bank SAL and each of Holding M. Sehnaoui SAL, Silver Capital Holding SAL, Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade are no longer shareholders in BLC Bank SAL.
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Arab Economic & Soc. Development Summit
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In reference to the Prime Minister administrative memorandum to close all state institutions on January 18, 2019 on the occasion of convening the 2019 Arab Economic and Social Development Summit in Beirut, there will be no trading at the Beirut Stock Exchange on the date mentioned here above. Trading will be resumed on Monday, January 21, 2019.
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Solidere SAL- Wednesday January 16, 2019:
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إعلان صادر عن شركة سوليدير
عرضت محطّة ال MTV التي نكنّ لها كل إحترام لمصداقيتها ومهنيتها العالية في نشرة الأخبار تاريخ 14 كانون الثاني 2019 وتم إعادة عرضها في نشرات الأخبار تاريخ 15 كانون الثاني 2019 تقريرا يستنتج أن "شركة سوليدير في أزمة مالية خطرة وأن مستقبل الشركة في خطر". وبهذا الصدد فإن شركة سوليدير وحرصا منها على مصداقية محطة ال MTV وعلى تبيان الحقيقة وضحض الإشاعات التي تستهدف شركة من أكبر الشركات العقارية في المنطقة، تنفي نفيا قاطعا (For Full Report)
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Armenian Christmas Day – Monday January 07, 2019:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Monday, January 07, 2019.
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BLC Bank S.A.L. - Friday December 28, 2018:
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The holders of BLC Bank Preferred shares Series E attended an Extraordinary General Meeting on Monday, December 17, 2018, at the Bank's Head Office and decided to: i) adopt the By-Laws of the Body of holders of Preferred Shares Series E. ii) Nominate Mr. Youssef Ali Youssef Audi as representative of the Body. (By-Laws of the Body of holders of Preferred Shares Series E - Arabic)
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New Year Holiday – Dec 31, 2018 & Jan 01, 2019.
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On the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Monday, December 31, 2018 and on Tuesday, January 01, 2019. Trading will be resumed on Wednesday, January 02, 2019.
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Christmas – Tuesday December 25, 2018:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Tuesday, December 25, 2018.
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Solidere SAL- Monday December 24, 2018:
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On November 29, 2018 the following two transactions on Solidere B have been executed at the Beirut Stock Exchange: I- Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,000,000 / Price per share $6.68. II - Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,000,000 / Price per share $6.69. Likewise, on November 30, 2018 the following transaction on Solidere A has been executed at the Beirut Stock Exchange: Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,500,000 / Price per share $6.88. The new ownership percentage of the two parties in the share capital of Solidere SAL becomes as follow: Societe Generale de Banque au Liban SAL: 13,000,000 shares; 7.88% of Solidere’s capital. SGBL Insurance SAL: 3,500,000 shares; 2.12% of Solidere’s capital. The above transactions represent a reallocation of the investments of the Group of Societe Generale de Banque au Liban SAL in the capital of Solidere SAL.
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BLC Bank S.A.L. - Monday December 17, 2018:
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. held a meeting on December 17, 2018 and decided to cancel the /350,000/ Series C preferred shares and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free, to common shareholders pro-rata to their contribution in the common shares of the bank. In addition, the Extraordinary General Assembly decided to grant the Chairman / General Manager the necessary powers to execute the distribution of the free common shares and to determine the related record date. Finally, the Extraordinary General Assembly decided to amend the Bank’s By-Laws to reflect the foregoing decisions and declared that entry into effect of these resolutions is subject to the approval of the Central Bank of Lebanon. Minutes of Meeting - Arabic
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BLC Bank S.A.L. - Tuesday December 4, 2018:
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The Board of Directors of the BLC Bank S.A.L. invites the holders of preferred shares series E to attend an Extraordinary General Assembly Meeting dedicated to holders of series E preferred shares to be held at 10:00 on Monday, December 17, 2018 at the Bank’s head office in Beirut, Addlieh, to discuss the following agenda: - Draft the By-Laws of the assembly of holders of preferred shares series E. - Nominate a representative of the assembly - Other Topics.
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BLC Bank S.A.L. - Tuesday December 4, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 on Monday, December 17, 2018, at the Bank’s Head Office in Adlieh Beirut to discuss the following agenda: - Redeem and cancel the Series “C” Preferred Shares, issue free nominal common shares to keep the Capital unchanged and amend the Bank’s By- Laws accordingly. - Grant the Board of Directors and/or the Chairman the necessary powers to execute the decisions of the Extraordinary General Assembly with the right to delegate part or all of these powers. - Other topics.
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BLC Bank S.A.L. - Thursday November 29, 2018:
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The Ordinary General Assembly of Shareholders of BLC Bank SAL convened on November 19, 2018 and resolved to elect Me. Ziyad Baroud as a member of the Board of Directors for the remainder of the current mandate of the Board (that will end upon the approval of the accounts of the year 2018). Minutes of Meeting
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De-listing of a maturing Eurobond Issue – Thursday November 15, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday, November 21, 2018 the Lebanese Republic Eurobond Issue labeled Series number 62, worth EUR /445,000,000/, carrying an Interest rate of 5.35% and maturing on November 28, 2018. Circular 476/2018
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Holidays – November 20 & 22, 2018.
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On the occasion of the Prophet’s Birthday, there will be no trading at the Beirut Stock Exchange on Tuesday, November 20, 2018. Likewise, on the occasion of the Independence Day, there will be no trading at the BSE on Thursday, November 22, 2018.
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BLC Bank S.A.L. - Thursday November 08, 2018:
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The Board of Directors of BLC Bank SAL invites all holders of Common Shares to attend an Ordinary General Meeting to be held at 11:00 a.m. on Monday, November 19, 2018 at the Bank’s Head Office in order to examine the following agenda: To elect an new member to the Board of Directors.
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De-listing of a maturing Eurobond Issue – Tuesday October 30, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday, November 06, 2018 the Lebanese Republic Eurobonds Issue labeled Series number 56, worth USD /1,025,000,000/, carrying an Interest rate of 5.15% and maturing on November 12, 2018. Circular 475/2018
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Bank of Beirut S.A.L – Friday October 26, 2018:
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The Beirut Stock Exchange decided to list, as of October 31, 2018, additional /3,050,000/ common shares issued through a private placement by Bank of Beirut SAL. These shares will be added to the previously listed shares; therefore the total number of listed common shares of Bank of Beirut SAL becomes /20,796,417/ common listed shares. Note that the Bank’s share capital is composed as follows: /56,234,900/ common shares (20,796,417 shares are listed and 35,438,483 are not listed), 4,762,000 priority shares (100% listed), 3,570,000 preferred shares series G (not listed), 5,400,000 preferred shares series H (100% listed), 5,000,000 preferred shares series I (100% listed), 3,000,000 preferred shares series J (100% listed) and 4,000,000 preferred shares series K (100% listed) (Circular 474/2018).
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BLC Bank S.A.L- Wednesday October 24, 2018:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /263,510/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Series E issued by BLC Bank SAL in the official market of the stock exchange. Holders of Series E Preferred Shares will receive annual distribution of 7.00% of the issue price (USD 100 per share), adjusted on a pro rata basis for the year 2018 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Monday, October 29, 2018. (Circular 473/2018)
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Bank Audi S.A.L – Monday October 22, 2018:
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The Beirut Stock Exchange decided to de-list the 1,500,000 Series G Preferred Shares issued by Bank Audi SAL from the official market of the stock exchange, as the Bank completed the cancelation processes of these shares; and took note of the Bank’s capital increase that is now LBP 677,601,170,680 divided into 405,749,204 common and preferred shares having a nominal value of LBP 1670 per share. (Circular 472/2018)
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Bank Audi S.A.L – Thursday October 18, 2018:
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Resolution adopted by the Extraordinary General Meeting of Shareholders of October 17, 2018:
Sole resolution: Confirmation of the adequate implementation of the cancelation of the Series “G” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,670; and granting discharge to the Chairman and members of the Board of Directors of the Bank in respect of activities related to the cancellation and capital increase. (Read more)
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BLOM Bank S.A.L. – Friday October 12, 2018:
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During the months of August and September 2018, BANORABE S.A SPF purchased, after getting the proper approval of Banque Du Liban, 1,273,455 common shares of BLOM Bank SAL for a total value of USD 11,750,920. The new ownership percentage of BANORABE S.A SPF in the share capital of the Bank becomes 17.89%.
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Bank of Beirut S.A.L – Friday October 05, 2018:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL held a meeting on September 26, 2018 and resolved to: approve the adequate subscription of HPG Urban Developments Pty Ltd in all the 3,050,000 new common shares issued by the Bank; declare that the Bank’s capital is now LBP119,671,674,000 fully paid; and elect HPG Urban Developments Pty Ltd as board member for the remainder of the current Board’s mandate. (Minutes of Meeting)
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Bank of Beirut S.A.L – Monday October 01, 2018:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL held a meeting on April 10, 2018 and decided to increase the capital of the Bank from LBP/115,218,674,000/ to LBP/119,671,674,000/ through the issuance of /3,050,000/ new common shares, with a nominal value of LBP /1,460/ per common share and an issue price of USD/18.80/ per share. The Extraordinary General Assembly also decided to reserve the right to subscribe for the capital increase to a new investor “HPG Urban Developments Pty Ltd” and to list all of the new /3,050,000/ common shares in the official market of the Beirut Stock Exchange. (Minutes of Meeting)
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Bank Audi S.A.L- Friday September 28, 2018:
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INFORMATION STATEMENT
September 27, 2018
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LBP 1,663 per common share (each a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Read more)
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Bank Audi S.A.L- Friday September 28, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Wednesday October 17, 2018 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: The verification of the adequate implementation of the first resolution adopted by the Extraordinary General Meeting of shareholders held on July 27, 2018 in connection with the cancellation of the Series “G” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,670; and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Cancellation and Capital Increase.
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Achoura – Thursday September 20, 2018:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, September 20, 2018.
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Beirut Stock Exchange –Thursday September 13, 2018:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2018 and any other overdue fees before 29/12/2018. Every member who fails to pay the due annual fees shall pay a fine equivalent to five-fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 15/12/2018 to send one of its representatives to collect the check, against an official receipt. (Circular 471/2018)
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Bank of Beirut S.A.L – Monday September 10, 2018:
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The Board of Directors of Bank Of Beirut SAL invites all shareholders to attend an Extraordinary General Assembly to be held at 10:000 on Wednesday, September 26, 2018 at the Bank Head Office located at Foch Street, Beirut Downtown to examine the following agenda: - Verification of the completion of the procedures for the increase of the Bank’s capital from LBP//115,218,674,000// to LBP //119,671,674,000//. - Declaration that the capital of the Bank is now LBP//119,671,674,000//. - Other topics.
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Hegria New Year – Tuesday September 11, 2018:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Tuesday, September 11, 2018. Trading will be resumed on Wednesday, September 12, 2018.
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Eid Al Adha – August 21st till August 23rd, 2018:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Tuesday, August 21, 2018 till Thursday, August 23, 2018. Trading will be resumed on Friday, August 24, 2018.
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Bank Audi S.A.L- Friday August 17, 2018:
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BANK AUDI SAL ANNOUNCES THE FINANCIAL STATEMENTS OF BANK AUDI SAE (EGYPT) AS AT JUNE 30, 2018
Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements as at and for the period ended June 30, 2018.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt
For additional information, you may address your e-mails to corporate.secretary@bankaudi.com.lb.
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BLC Bank S.A.L- Thursday August 16, 2018:
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On August 13, 2018 the extraordinary General Assembly of shareholders of BLC Bank SAL resumed the meeting which started on August 06, 2018 and resolved to approve the adequate completion of all actions and procedures undertaken to increase the Bank’s capital from LBP 214,750,000,000 to LBP 215,013,510,000 through the issuance of 263,510 new “Series E” preferred shares having an issue price of USD 100 per share, of which LBP 1000 represent the par value of each share. The Extraordinary General Assembly also granted discharge to the Chairman and members of the Board of Directors in respect of all activities relating to the capital increase and adopted the amended text of article 6 of the Bank’s By-Laws as stated in the minutes of meeting of the extraordinary general assembly of May 10, 2018. (Minutes of the Meeting – Arabic)
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Assumption of the Virgin Mary - Wednesday August 15, 2018:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Wednesday, August 15, 2018.
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BLC Bank S.A.L- Tuesday August 7, 2018
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The shareholders of BLC Bank SAL held an Extraordinary General Assembly on August 06, 2018. Upon the request of all present shareholders and in accordance with the provisions of article 190 of the code of commerce, it was decided to postpone the meeting till August 13, 2018 at 11:00.
(Minutes of the Meeting – Arabic)
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Rasamny Younis Motor Company S.A.L. – Friday August 3, 2018
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Rasamny Younis Motor Company S.A.L. publishes its Separate Audited Financial Statements and Independent Auditor’s Report for the year ended December 31, 2017. Report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/Rymco Sepreate FS 20171231.pdf
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Rasamny Younis Motor Company S.A.L. – Friday August 3, 2018
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The Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on August 02, 2018 resolved to approve the financial statements of the company for the year ended December 31, 2017 and declared a gross dividend distribution of LBP /2,265,900,000/; LBP /83/ per share before distribution tax. Dividends will be paid (after deduction of the withholding tax) starting January 15, 2019 for the holders of Series B common shares as at January 11, 2019 (Record Date), according to the records of Midclear. Shares will trade ex-dividend starting January 9, 2019 (Ex-dividend date).
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Bank Audi S.A.L- Monday July 30, 2018:
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First resolution: Cancellation of all the Series “G” Preferred Shares and increase of the Bank’s Capital in order to round the nominal value of each individual Share up to LL 1,670:
The Extraordinary General Meeting of Shareholders resolves to (i) cancel all of the 1,500,000 outstanding Series “G” Preferred Shares and substitute their nominal value (aggregating LL 2,494,500,000) in the Capital of the Bank through a simultaneous incorporation of an equivalent amount from the free reserves, concomitantly with the cancellation, and (ii) for the avoidance of residual amounts in the nominal value of the Share pursuant to the aforementioned cancellation of the Series “G” Preferred Shares, increase the Bank’s Capital to become L.L. 677,601,170,680 hence an increase of L.L. 345,744,428 through the incorporation of an aggregate amount of L.L. 2,840,244,428 from the free reserves (representing the nominal value of the cancelled Series “G” Preferred Shares and the capital increase), all resulting in a nominal value of each individual Share of L.L. 1,670. (Read more)
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BLOM Bank S.A.L. – Monday July 30, 2018
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During the months of June and July 2018 (till July 26, 2018) BANORABE S.A SPF purchased, after getting the proper approval of Banque Du Liban, 678,663 common shares of BLOM Bank SAL for a total value of USD 7,081,966 and sold 182,393 BLOM Bank GDRs for a value of USD 1,916,981. The new ownership percentage of BANORABE S.A SPF in the share capital of the Bank becomes 17.86%.
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BLC Bank S.A.L- Friday July 27, 2018
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BLC Bank S.A.L. informs holders of Series C and Series D preferred shares that the time limit to exercise the priority right to subscribe in the new Series E preferred shares starts on July 28/2018 and ends on August 01, 2018. Holders of preferred shares willing to subscribe in the Series E preferred shares should submit a subscription application at any BLC branch.
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BLC Bank S.A.L- Friday July 27, 2018
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BLC Bank S.A.L. informs applicants who signed requests to subscribe in Preferred Shares Series E that copies of the prospectus and the prospectus’ Appendix related to this new issue are available in the Headquarters of the Bank and in all its branches. Applicants can get a copy of the prospectus and the prospectus’ Appendix during regular working hours starting July 28, 2018.
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BLC Bank S.A.L- Tuesday July 24, 2018:
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The Board of Directors of BLC Bank S.A.L. held a meeting on June 20, 2018 and decided to suggest to the Extraordinary General Assembly of shareholders to redeem and cancel all the /350,000/ Preferred Shares Series C for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Furthermore, the Board of Directors grants the Chairman the necessary power to carry out all formalities to redeem the Series C preferred shares, to pay the redemption price, to fix the payment date and to distribute the free common shares. (Minutes of Meeting - Arabic)
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BLC Bank S.A.L- Monday July 23, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly to be held at 11:00 am on Monday, August 06, 2018, at the Bank’s Head Office in Adlieh Beirut, to discuss the following agenda: - Verify the adequate completion of the procedure for the increase in the Bank’s Capital through the issuance of Series E Preferred shares. - Adopt the amendments of some articles of the By-Laws to reflect the Capital increase. - Other topics
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BLC Bank S.A.L- Friday July 20, 2018:
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BLC Bank S.A.L publishes the Minutes of Meeting of the General Assembly of shareholders held on June 27, 2018. (Minutes of Meeting)
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S L des Ciments Blancs S.A.L – Friday July 13, 2018:
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In reference to the announcement issued by Societe Libanaise des Ciments Blancs SAL relating to the decision of the Annual General Assembly of shareholders of July 10, 2018 to distribute dividends for the holders of shares on record as at July 17, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Ciments Blancs SAL is Friday, July 13, 2018.
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S L des Ciments Blancs S.A.L – Friday July 13, 2018:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 10, 2018 relating to the distribution of the 2017 dividends, Societe Libanaise des Ciments Blancs SAL announces that dividends set at LBP /666/ per share (net of distribution tax), will be paid starting July 23, 2018 for the holders of shares as at July 17, 2018 (Record date) as follows: -Shareholders who deposited their shares in the Lebanese banks will receive dividends through “Midclear”. - Holders of bearer shares should exchange their bearer shares into nominative shares, before November 03, 2018, in order to receive dividends.
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Bank Audi S.A.L- Tuesday July 10, 2018:
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Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the“Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LL 1,663 per common share (each, a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Tuesday July 10, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday July 27, 2018 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
The cancellation of the Series “G” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,670;
The amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing;
The submission of the actions described in items 1and 2 for approval by the Central Bank of Lebanon; and
The granting to the Chairman of the Board of Directors (acting singly) or any 2 Directors – General Managers (acting jointly) of the necessary powers in order to implement the foregoing resolutions.
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Holcim Liban S.A.L.- Friday July 6, 2018:
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In reference to the announcement issued by Holcim (Liban) SAL relating to the decision of the Annual General Assembly of shareholders of July 03, 2018 to distribute dividends for the holders of shares on record as at July 23, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Holcim (Liban) SAL is Thursday, July 19, 2018. (Circular 469/2018)
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Holcim Liban S.A.L.- Wednesday July 4, 2018:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 3, 2018 relating to the distribution of the 2017 dividends, Holcim (Liban) SAL announces that dividends set at LBP /3870/ per share (net of distribution tax), will be paid starting July 30, 2018 for the holders of shares as at July 23, 2018 (Record date) as follows: -Shareholders who deposited their shares in the Lebanese banks will receive dividends through “Midclear”. - Holders of bearer shares should exchange their bearer shares into nominative shares, before November 03, 2018, in order to receive dividends.
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Rasamny Younis Motor Company S.A.L. – Tuesday July 3, 2018:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders of the Company to hold the Annual General Assembly Meeting on Thursday, August 2, 2018 at 10:00 a.m. at the Company’s Headquarters to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2017. - Examine the Auditors’ General and Special reports for the year 2017. - Approve the accounts of the year 2017 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2017. – Approve the operations that occurred between the Company and some Board members during the year 2017 and give prior authorization to the Board members according to articles 158 of the Code of Commerce. - Give prior authorization to the Board members according to articles 159 of the Code of Commerce. Give the Board of Directors the authorization to take credits from banks. - Empower the company to guarantee United Automotive Agency SAL. - Fix the remunerations of the Chairman and Directors for the year 2018. - Appoint the External Auditor for the year 2018 and fix his remuneration. – Other topics.
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Bank Audi S.A.L- Tuesday July 3, 2018:
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In reference to the decision of the Board of Directors of Bank Audi SAL relating to the redemption of all Series G preferred shares within a period of 60 days following June 21, 2018, and in reference to the approval of the Central Bank of Lebanon on the above stated decision and upon the request of the Bank to cease trading in Series G Preferred shares, the Beirut Stock Exchange decided to cease trading in Bank Audi Series G Preferred Shares as of the beginning of the trading session of Thursday July 05, 2018. (Circular 468/2018)
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Bank Audi S.A.L- Tuesday July 3, 2018:
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BANK AUDI ANNOUNCES ITS INTENTION TO REDEEM AND CANCEL THE SERIES G PREFERRED SHARES.
For immediate release -Bank Audi announces its intention to redeem and cancel all the 1,500,000 outstanding Non-Cumulative Redeemable Series G Preferred Shares of the Bank issued in June 2013.
The redemption is expected to take place on or around 10 July 2018.
This announcement is for information only.
For further information:
Corporate Secretariat
Farid Lahoud
Group Corporate Secretary
Corporate.secretary@bankaudi.com.lb
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Solidere SAL- Monday July 2, 2018:
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As the Ordinary General Assembly was invited to meet for the first time on June 29, 2018 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on July 23, 2018 at Sea Side, Beirut Waterfront, Downtown to discuss the following agenda- Examine the Board of Director’s Report for 2017. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2017. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2017 and determine the dividends. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2017. –Elect new Board members. – Assign new Auditors and fix their remunerations. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday August 13, 2018 at Sea Side, Beirut Waterfront, Downtown.
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Byblos Bank S.A.L. - Friday June 29, 2018:
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Byblos Bank SAL publishes the minutes of meeting of the Annual Ordinary General Assembly of shareholders of April 20, 2018. (Minutes of the meeting)
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Rasamny Younis Motor Company S.A.L. – Thursday June 28, 2018:
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On June 27, 2018, Shift Holding SAL bought, through a Block Trade, all the /222,222/ common shares class B of Mr. Samer Chawaf in Rasamy Younis Motor Co. at a price of USD 3.00 per share and for a total amount of USD 666,666.
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Ciments Blancs S.A.L – Friday June 22, 2018:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Ordinary General Assembly Meeting at 10 am on Tuesday, July 10, 2018 at the Company’s Headquarters in Chekka to discuss the following agenda: - Approve the financial statements for the year 2017 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2017. - Examine and approve the Auditors’ report for the year 2017. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2018 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions. Owners of bearer shares who have not yet transfer their shares into nominative shares pursuant to Law 75/2016 must transfer their shares in order to be registered in the Company's registers at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Eid Al Fitr - Friday 15 & Saturday 16 June 2018:
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Friday, June 15, 2018.
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BLC Bank S.A.L- Tuesday June 12, 2018:
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BLC Bank issued the following statement: BLC Bank’s Board of Directors held a meeting on Wednesday June 6, 2018 at the Bank’s head office upon the invitation of the Chairman & General Manager Mr. Maurice Sehnaoui. Mr. Sehnaoui submitted his resignation from the chairmanship and membership of the Board of Directors. As a result, the board elected unanimously Messrs.: - Nadim Adel Kassar as Chairman General Manager. - Nabil Adel Kassar as Deputy Chairman. - Bassam Farid Hassan as General Manager, CEO. After accepting the Board’s chairmanship, Mr. Nadim Kassar expressed his gratitude to the efforts that Mr. Sehnaoui has deployed throughout his years of service and to his dedication and contribution to BLC Bank, wishing the new management the best in its mission to grow the Bank and promote a healthy evolution (Minutes of the meeting).
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BLC Bank S.A.L- Monday June 11, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 am on Wednesday June 27, 2018, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Elect New Board of Directors - Other topics
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Solidere SAL- Friday June 8, 2018:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday June 29, 2018 at Sea Side, Beirut Waterfront, Downtown, to discuss the following agenda: - Examine the Board of Director’s Report for 2017. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2017. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2017 and determine the dividends. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2017. - Elect members to the Board of Directors and determine their remuneration. –Designate the Auditors and determine their fees. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 23, 2018 at Sea Side, Beirut Waterfront, Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, August 13, 2018 at Sea Side, Beirut Waterfront, Downtown.
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Holcim Liban S.A.L.- Thursday June 7, 2018:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Tuesday, July 03, 2018 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2017 and give the Board of Directors complete clearance for the business of the year 2017. - Approve the report of the Board of Directors for the year ended December 31, 2017. - Approve the report of the Auditors for the year ended December 31, 2017. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2018 and fix their fees. Distribute Dividends. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions. Owners of bearer shares who have not yet transfer their shares into nominative shares pursuant to Law 75/2016 must transfer their shares in order to be registered in the Company's registers at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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BLC Bank S.A.L- Thursday June 7, 2018:
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BLC Bank S.A.L. publishes: the Report of the Board of Directors addressed to the Annual General Assembly of May 31, 2018.
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Banque Bemo S.A.L. - Friday June 1, 2018:
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Banque BEMO S.A.L. publishes: the Report of the Board of Directors addressed to the Annual General Assembly of May 28, 2018
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BLC Bank S.A.L- Thursday May 31, 2018:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on May 31, 2018 and resolved to approve the bank’s accounts for the year 2017. The General Assembly declared distribution of dividends as follows: I - Dividends before distribution tax ( 10%): Preferred Shares Class C: USD 6.75 per share. Preferred Shares Class D: USD 6.75 per share. II - Dividends net of distribution tax ( 10%): Preferred Shares Class C: USD 6.075 per share. Preferred Shares Class D: USD 6.075 per share. III - Important dates: 06 June 2018: Dividend record date. 04 June 2018: Ex-dividend date. 07 June 2018: Dividend payment date.
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De-listing of a maturing Eurobond Issue – Thursday May 31, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday 06/06/2018, the Lebanese Republic Eurobonds Issue labeled Series number 65, worth USD /700,000,000/, carrying an Interest rate of 5,15% and maturing on 12/06/2018. (Circular 467/2018)
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Banque BEMO S.A.L. - Tuesday May 29, 2018:
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In Reference to the announcement issued by Banque BEMO SAL relating to the distribution of dividends for the holders of shares on record as at June 04, 2018, the Beirut Stock Exchange declares that the Ex-dividend date of Banque BEMO's shares is Thursday, May 31, 2018. (Circular: 466/2018)
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Banque BEMO S.A.L. - Monday May 28, 2018
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on May 28, 2018 and approved the distribution of dividends for the year 2017 amounting to LBP 9,792 million as follows: To Holders of Common Shares - LBP 100 per share (LBP 90 net of 10% distribution tax). To Holders of Preferred Shares Class 2013 - USD 7.00 per share (USD 6.30 net of 10% distribution tax). Dividends will be paid starting June 12, 2018 after deducting the 10% distribution tax, for the holders of Common and Preferred shares as at June 4, 2018 (Record Date), according to the records of Midclear S.A.L.
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Resistance and Liberation Day –Friday May 25, 2018
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On the occasion of Resistance and Liberation Day there will
be no trading at the Beirut Stock Exchange on Friday May 25, 2018.
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BLC Bank S.A.L - Monday May 14, 2018:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL convened on May 10, 2018 and decided to increase the capital of the Bank from LBP 214,750,000,000 to LBP 215,013,510,000 through the issuance of /263,510/ new non-cumulative, redeemable, perpetual preferred Shares to be labeled Series E Preferred Shares. These shares shall have a par value of LBP 1,000 each and an issue price of USD 100 per share. Holders of Series C Preferred Shares and Series D Preferred Shares will have the right to subscribe, on a priority basis, to the issue of Series E preferred shares, pro rata to their holdings of Series C and Series D Preferred shares. Holders of Series E Preferred Shares will receive non-cumulative annual distribution of 7% of the issue price (subject to 10% withholding tax), adjusted on a pro rata basis for the year 2018 to reflect the period from the issue date till the end of the year. The Extraordinary General Assembly of shareholders also decided to list all of the /263,510/ Series E Preferred Shares in the regulated financial markets and to amend article 6 of the Bank’s By-Laws to reflect the foregoing. (Minutes of the meeting Arabic)
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BLC Bank S.A.L - Friday May 11, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Thursday May 31, 2018, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2017. - Examine the Reports of the Auditors for the fiscal year 2017. - Give proper authorizations as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts of the fiscal year 2017. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Other topics.
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Bank of Beirut S.A.L – Tuesday May 08, 2018:
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The Ordinary General Assembly of Shareholders of Bank of Beirut SAL convened on May 04, 2018 and resolved to approve the Bank’s accounts for the year 2017. The General Assembly declared distribution of dividends as follows: Preferred Shares: A gross amount of USD /37,696,625/ distributed as follows: - To Holders of Series “G” Preferred Shares: A total of USD /8,434,125/; USD 2.3625 per share before tax (10%). - To Holders of Series “H” Preferred Shares: A total of USD /9,450,000/; USD 1.75 per share before tax (10%). - To Holders of Series “I” Preferred Shares: A total of USD /8,437,500/; USD 1.6875 per share before distribution tax (10%). - To Holders of Series “J” Preferred Shares: A total of USD /4,875,000/; USD 1.6250 per share before distribution tax (10%). - To Holders of Series “K” Preferred Shares: A total of USD /6,500,000/; USD 1.6250 per share before distribution (10%). Priority Shares Class 2014: Priority dividends of USD /4,000,080/; USD 0.84 per share before distribution tax (10%). Common Shares: A gross amount of LBP /66,638,935,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,150 per share before distribution tax (10%).
Dividends will be paid through Midclear SAL starting May 17, 2018 for the holders of shares as at May 11, 2018 (Record Date). The Ex-dividend date is May 09, 2018.
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Banque BEMO S.A.L. – Thursday May 03, 2018:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 9:00 am on Monday, May 28, 2018 at the Bank’s Head Office, Riad Al Solh- Assayli bldg. 7th Floor to discuss the following agenda: - Examine the Board of Director’s general report for the year 2017. - Examine the Auditors’ report for the year 2017. - Examine the Board of Director’s special report and the Auditors’ special report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2017 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements as at 31/12/2017. - Elect a new Board of Directors. - Grant discharge to the Chairman and members of the Board of Directors in respect of activities performed during the year 2017. - Fix the remunerations of the Chairman, General Manager for the year 2018. - Fix the remunerations of the Board of Directors for the year 2018. - Fix the remunerations of the External Auditors. - Other topics.
Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the Bank’s Head Office 15 days prior to the Ordinary General Assembly.
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Days offs- May 4 & 7, 2018:
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In reference to the memorandum issued by Prime Minister that stipulates the closure of all official institutions and administrations on Friday, May 04, 2018 and Monday May 07, 2018 on the occasion of holding the 2018 parliamentary elections, the Beirut Stock Exchange declares that there will be no trading on the above mentioned days. Trading will be resumed on Tuesday May 08, 2018.
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Labor Day – Tuesday May 01, 2018:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Tuesday, May 01, 2018. Trading will be resumed on Wednesday, May 02, 2018.
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BLC Bank S.A.L- Tuesday April 24, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Thursday, May 10, 2018, at the Bank’s Head Office in Adlieh Beirut, to discuss the following agenda: - The increase of the Bank’s capital through the issuance of new Preferred Shares to be labeled Series “E” Preferred Shares and to identify the value, terms and details of this increase. - The listing of the new Series “E” Preferred Shares on the regulated financial markets. - The amendement of the Bank’s By-Laws accordingly. - Other topics
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Byblos Bank S.A.L. - Friday April 20, 2018:
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In reference to the announcement issued by Byblos Bank S.A.L. related to the decision of the Annual Ordinary General Assembly of shareholders of April 20, 2018 to distribute dividends for the holders of shares on record as at April 25, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Byblos Bank S.A.L. is Monday, April 23, 2018. (Circular: 465/2018)
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Byblos Bank S.A.L. - Friday April 20, 2018:
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The Annual Ordinary General Assembly held on 20 April 2018 at the Bank’s Headquarters, approved the distribution of dividends for the year 2017 as follows: For Common Shareholders - LBP 212 per share (LBP 190.8 net of 10% withholding tax). For Preferred Shareholders - Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax). - Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax). Such dividends will be paid on or about 26 April 2018 after deducting the 10% withholding tax, to shareholders as at 25 April 2018 (record date), according to the records of Midclear (the Central Depository). For GDR holders - LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, on or about 02 May 20218 after deducting the 10% withholding tax and other expenses.
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Bank of Beirut S.A.L - Friday April 20, 2018:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 10 a.m., on Friday, May 4, 2018, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the fiscal year 2017. - Approve the Auditors' reports for the fiscal year 2017. - Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2017. - Appropriate the profits of the year 2017. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2017. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Code of Commerce and in article 152 of the Code of Cash and credit. - Other subjects.
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Byblos Bank S.A.L. - Tuesday April 17, 2018:
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Byblos Bank SAL publishes: the Report of the Board of Directors addressed to the Annual General Assembly of April 20, 2018.
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BLOM Bank S.A.L. – Wednesday April 11, 2018
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Notice to Shareholders related to dividends distribution for fiscal year 2017
BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 11, 2018 at the Bank’s Headquarters and approved the accounts of the Bank for 2017, as well as the distribution of dividends amounting to LBP 364,338,205 thousand to Holders of Common Listed Shares, at an amount of LBP 1,700 per share subject to the distribution tax of 10%.
Dividend payment is made through Midclear S.A.L., starting 17 April, 2018 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at 16 April, 2018 (Record Date), with Thursday 12 April, 2018 being the Ex-dividend date.
Regarding BLOM GDR Holders, dividends are expected to be settled by BANK OF NEW YORK MELLON starting from 24 April, 2018.
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Bank Audi S.A.L- Wednesday April 11, 2018:
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In reference to the announcement issued by Bank Audi SAL relating to the decision of the Annual Ordinary General Assembly of shareholders of April 10, 2018 to distribute dividends for the holders of shares on record as at April 13, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Bank Audi SAL is Wednesday, April 11, 2018. (Circular 464/2018)
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Bank Audi S.A.L- Wednesday April 11, 2018:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 10, 2018 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2017 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Series “I” Preferred Shares a total of USD 17.5 Million on the basis of USD 7 per share. - To Holders of Series “J” Preferred Shares a total of USD 11 Million on the basis of USD 4 per share. - To Holders of Common Shares: a total of LBP 331.4 Billion on the basis of LBP 829.125 per share. Dividends will be paid through Midclear S.A.L (after deduction of the withholding tax where applicable) starting April 16, 2018 for the holders of shares as at April 13, 2018 (Record Date), according to the records of Midclear S.A.L.
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Orthodox Good Friday and Easter Holidays – April 06 & 09, 2018:
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On the occasion of Orthodox Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: Friday, April 06, 2018 and Monday, April 09, 2018. Trading will be resumed on Tuesday April 10, 2018
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Bank Audi S.A.L- Saturday March 31, 2018:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2017.
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Good Friday and Easter Holidays– March 30 & April 2, 2018:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: Friday, March 30, 2018 & Monday, April 2, 2018. Trading will be resumed on Tuesday April 3, 2018.
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BLC Bank S.A.L- Thursday March 29, 2018:
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The Beirut Stock Exchange decided to de-list the 550,000 Series B preferred shares issued by BLC Bank SAL from the official market of the stock exchange, as the Bank completed the redemption process of these shares, and took note of the new structure of the Bank’s capital that is fixed to LBP 214,750,000,000 divided into two classes of shares: the class of common shares at a number of 213,650,000 common shares of which 71,033,333 are listed on the Beirut Stock Exchange; and the class of preferred shares at a number of 350,000 Series C preferred shares and 750,000 Series D preferred shares. The Series C and Series D preferred shares are listed on the Beirut Stock Exchange.
Circular 463/2018: http://www.bse.com.lb/portals/0/repository/463-2018.b9103413-13e8-4127-a10a-562eab2458b9.pdf
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BLOM Bank S.A.L. – Wednesday March 28, 2018:
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Intention to Issue U.S. Dollar-denominated Certificates of Deposit
BLOM Bank s.a.l (the “Company”) today announces its intention to proceed with an issue of U.S. Dollar-denominated certificates of deposit (“Certificates”) and has obtained the approval of the Central Bank of Lebanon in this respect. The Company intends to apply for admission to trading on the Luxembourg Stock Exchange’s Regulated Market and listing on the Official List of the Luxembourg Stock Exchange. Any offer of Certificates is subject to market conditions and a further announcement will be made in due course, if appropriate.
(Read more)
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 a.m. on Friday, 20 April 2018, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2017. - To hear the Auditors’ general and special reports for the fiscal year 2017. - To approve the accounts of the fiscal year 2017 and on the allocation of its results. - To discharge the chairman and Board members for their administrative duties during the fiscal year 2017. - To elect a new Board of Directors. - To approve the operations performed between the Board members and the Bank during the fiscal year 2017 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of the Board of Directors and the Auditors. - To appoint the Auditors for 2018, 2019 and 2020. - To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2018. - Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the Auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 a.m. on Friday, 20 April 2018, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2017. - To hear the Auditors’ general and special reports for the fiscal year 2017. - To advise on the accounts of the fiscal year 2017 and on the allocation of its results. - To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2017. - To advise on the election of a new Board of Directors. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2017 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of both the Board of Directors and the Auditors. - To advise on the appointment of the Auditors for 2018, 2019 and 2020. - To advise on the determination of the auditors’ remuneration and the directors and Board committee members’ emoluments for the fiscal year 2018. - Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the Auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 23 March 2018, to propose to the Ordinary General Assembly convened to meet on 20 April 2018 at the Bank’s Headquarters, the distribution of dividends for the year 2017 as follows: For Common Shareholders; LBP 212 per share (Before withholding tax). For Preferred Shareholders: - Class 2008; USD 8 per share (Before withholding tax). - Class 2009; USD 8 per share; (Before withholding tax). Subject to the Ordinary General Assembly’s approval, such dividends will be paid on or about 26 April 2018 after deducting the withholding tax, to shareholders as at 25 April 2018 (record date), according to the records of Midclear (the Central Depository). For GDR holders; LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 2 May 2018.
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Bank Audi S.A.L- Friday March 23, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Tuesday April 10, 2018 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2017 and to examine the following agenda:
(Read more)
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Bank Audi S.A.L- Friday March 23, 2018:
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In its meeting held on March 20, 2018, the Board of Directors of Bank Audi sal resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 829.125 per common share.
Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 16, 2018 to holders of common shares as at April 13, 2018 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Bank Audi S.A.L- Friday March 23, 2018:
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Bank Audi sal’s Annual Report for the year ended 31 December 2017 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal
Audi Plaza - Bab Idriss
P.O. Box 11-2560
Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link:
http://www.bankaudigroup.com/GroupWebsite/openAudiFile.aspx?id=3732
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Bank Audi S.A.L- Friday March 23, 2018:
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March 22, 2018
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Deutsche Bank Trust Company Americas, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,663 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank of Beirut S.A.L- Wednesday March 21, 2018:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly to be held at 10:00 a.m., on Tuesday, April 10, 2018 at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Increase the Bank’s capital by issuing new common shares to be allocated to new shareholders. - Amend some articles of the Company’s by-laws to reflect the Capital increase. - Other subjects.
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BLOM Bank S.A.L. – Monday March 19, 2018
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 11, 2018 at 12.00 o’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2017. - Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2017 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. – Appoint Auditors for a period of three years. – Nominate a Honorary Director at the Board of Directors. - Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2017; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1700 LL (less the tax) as dividend for each listed ordinary share as follows: Record Date April 16, 2018. Payment Date: April 17, 2018.
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Bank Audi S.A.L- Friday March 16, 2018
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EBRD invests in Bank Audi SAL launching its first Project in Lebanon (Read more)
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Memorial Day of P.M. R. Hariri- Wednesday February 14, 2018:
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On the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Wednesday February 14, 2018.
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Saint Maroun's Day - Friday February 09, 2018:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on Friday, February 09, 2018. Trading will be resumed on Monday, February 12, 2018.
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Banque BEMO S.A.L. – Thursday December 28, 2017:
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The Board of Directors of Banque BEMO S.A.L. invites the holders of Subordinated Notes issued by the bank to attend the founding General Assembly of bondholders to be held at 10:00 am on Monday, January 15, 2018 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Verify the full subscription in the Subordinated Notes. - Discuss the Assembly’s by-Laws. - Appoint the Assembly’s delegate. - Other topics.
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New Year Holiday
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Friday December 29, 2017 is the last trading day at the Beirut Stock Exchange in the year 2017.
On the occasion of New Year there will be no trading at the Beirut Stock Exchange on Monday, January 01, 2018. Trading will be resumed on Tuesday, January 02, 2018. .
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Christmas – Monday December 25, 2017:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Monday, December 25, 2017.
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BLC Bank S.A.L- Wednesday December 20, 2017:
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In reference to the Extraordinary General Assembly of shareholders of BLC Bank S.A.L. of September 12, 2017 that decided to redeem and cancel all the /550,000/ Series B preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank, and in reference to the letter addressed by the bank to the Beirut Stock Exchange on December 19, 2017 that fix the record date on December 26, 2017, the Beirut Stock Exchange declares that the Ex-free shares distribution date of BLC common shares is December 21, 2017 . (Circular: 461/2017)
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• De-listing of a maturing Eurobond issue – Tuesday December 19, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday December 22, 2017 the Lebanese Republic Eurobonds Issue labeled Series number 17 (Tranch 1 and 2) worth USD /2,007,511,000/ carrying an Interest rate of 4.00% and maturing on 31/12/2017. (Circular: 460/2017)
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De-listing of a maturing Eurobond issue – Thursday December 7, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday December 12, 2017 the Lebanese Republic Eurobonds Issue worth LBP /1,500,000,000,000/ carrying an Interest rate of 7.90% and maturing on December 18, 2017. (Circular: 459/2017)
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Bank Audi S.A.L- Wednesday December 06, 2017:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,750,000/ Non-Cumulative, Perpetual, Redeemable, Convertible Series (J) Preferred Shares, issued by Bank Audi SAL in the official market of the stock exchange. Holders of Series (J) Preferred Shares will receive annual distribution of USD 4.00 for the year 2017 and USD 7.00 for the following years. Trading is scheduled to start on Thursday, December 07, 2017. (Circular# 458/2017)
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Prophet’s Birthday – Thursday November 30, 2017:
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There will be no trading at the Beirut Stock Exchange on Thursday November 30, 2017 on the occasion of the Prophet's Day
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Broker Name Amendment- Friday November 24, 2017:
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In reference to the decision of the Extraordinary General Assembly of Shareholders of Middle East Capital Group SAL dated June 1, 2017 and the decision of H.E. the Governor of the Central Bank of Lebanon dated September 22, 2017, published in the Official Gazette number 55 on November 23, 2017, the name of Middle East Capital Group (M.E.C.G.) SAL has been amended to become: FNB Capital S.A.L.
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Bank Audi S.A.L- Friday November 24, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Preferred Shares Series H to attend a General Meeting to be held at 10:30 a.m. on Monday, December 11, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Appoint a new representative of the holders of Preferred Shares Series H.
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Independence Day – Wednesday November 22, 2017:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Wednesday, November 22, 2017
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Banque Bemo S.A.L. – Thursday November 16, 2017:
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The Board of Directors of Banque BEMO SAL announces that the subscription in the new non-convertible, non-callable subordinated notes, bearing an interest of 7% (subject to tax) will take place at the Bank’s Headquarters from November 20, 2017 till November 29, 2017. (The Announcement in Arabic)
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Arab Federation of Exchanges – Vacancy Announcement:
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يعلن اتحاد البورصات العربية عن فتح باب تقديم الترشيح لشغل منصب امين عام اتحاد البورصات العربية الكائن مقره في بيروت – لبنان. حددت شروط الترشيح بما يلي:
1- أن يكون عمر المرشح ما بين 35 و60 عاماً بتاريخ تقدمه لشغل المنصب.
2- أن يحمل إحدى الجنسيات العربية.
3- أن تكون لديه خبرة لمدة لا تقل عن 15 (خمسة عشر) سنة في مجال أسواق المال العربية أو العالمية أو في المجالات الاقتصادية المرتبطة بأسواق المال.
4- أن يكون حاصلاً على شهادة جامعية في إحدى التخصصات المناسبة لشغل الوظيفة والمرتبطة بأسواق رأس المال.
5- أن يجيد إجادة تامة، اللغة العربية إضافة إلى اللغة الإنكليزية، كما أن معرفة اللغة الفرنسية تعتبر ميزة إضافية.
6- أن تكون لديه مهارات في مجال الإتصال بالغير والمحادثة والكتابة وإعداد التقارير والتنظيم وإدارة وقيادة الجهاز الإداري وتحفيز المستخدمين وأن يكون لديه حضور شخصي ومهني وأن يكون حسن السمعة لم يسبق أن حكم بجريمة مخلّة بالشرف والأمانة وان لا يكون قد حكم بإشهار إفلاسه.
7- أن يلتزم بممارسة مهامه كأمين عام متفرغ في بلد مقر الاتحاد الكائن في بيروت.
8- أن يتم التعاقد معه لمدة أربع سنوات قابلة للتجديد لمرة واحدة فقط باتفاق الطرفين مع إمكانية فسخ العقد من قبل الإتحاد في حال مخالفته للشروط الوظيفية التعاقدية وفقا للقوانين اللبنانية المرعية الاجراء.
يقتضي بالراغب تقديم ملف ترشحه للمنصب المذكور على عنوان الاتحاد الالكتروني المشار اليه التالي:
AFE-HR@arab-exchanges.org على ان يتضمن المستندات الأولية التالية:
رسالة خطية تفيد برغبة المرشح بشغل المنصب وبأسباب ترشحه لهذا المنصب.
السيرة الذاتية مدعمة بشهادات الخبرة.
صورة فوتوغرافية حديثة للمرشح.
صورة جواز سفر ساري المفعول.
أية مستندات أو معلومات أخرى قد تطلبها اللجنة التنفيذية لاحقا.
يفتح باب الترشح لغاية 21 تشرين الثاني/نوفمبر 2017 ضمنا.
اتحاد البورصات العربية
الرئيس
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Ciments Blancs S.A.L – Thursday November 2, 2017:
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In reference to the Beirut Stock Exchange (BSE) Circular Nb. 445/2017 dated June 15, 2017, relating to the transfer of the shares of Societe Libanaise des Ciments Blancs SAL (Hereinafter: "Ciments Blancs") from bearer type into nominative type following the issuance of law Nb. 75/2016 (Official Gazette Nb. 52 dated 3/11/2016), the BSE would like to circulate the following (Read more)
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Certified Investor Relation Officer (CIRO) program
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The Middle East Investor Relations Association (MEIRA) will be conducting the Certified Investor Relation Officer (CIRO) program at the premises of the Beirut Stock Exchange located in Azarieh street, Azarieh Building, Block 01, 4th floor, on the 27th, 28th and 29th of November 2017 from 9:00 till 17:00. The program will cover the following areas: 1 – The principles and Practice of Investor Relations. 2 – Global Financial Markets. 3 – Companies and Regulation. 4 – The Regulatory Environment. 5 – Accounting, Valuation and Investment Principles. 6 – Effective IR Practice. For more information or to register please contact: info@meira.me or +971 (0) 4 3097034
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Holcim Liban S.A.L.- Monday October 30, 2017:
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In reference to the Beirut Stock Exchange (BSE) Circular Nb. 442/2017 dated May 02, 2017, relating to the transfer of the shares of Holcim (Liban) SAL (Hereinafter: "Holcim") from bearer type into nominative type following the issuance of law Nb. 75/2016 (Official Gazette Nb. 52 dated 3/11/2016), the BSE would like to circulate the following: First: As of the trading session of November 06, 2017: - No trading or block trade transactions will be executed at the BSE in "Holcim" bearer shares unless transferred into nominative type at Midclear. In case a Broker breaches such transfer obligation, he shall be in default of the delivery of the shares and will make the mandatory buy-in in accordance with BSE rules and procedures. - The bearer shares will continue to be listed on the Beirut Stock Exchange but will not be traded until transferred into nominative type. - Brokers must cancel all unexecuted orders of "Holcim" bearer shares placed prior to the trading session of November 06, 2017. - The same pricing, trading, settlement, clearing terms, pricing threshold, actual operations principle, minimum Block Trades transactions, lot size, etc. currently applied shall continue to apply. Second: This Circular becomes effective as of the beginning of the trading session of November 06, 2017.(Circular 455/2017)
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Bank Audi S.A.L- Monday October 30, 2017:
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Resolutions adopted by the Extraordinary General Meeting of Shareholders of October 27, 2017:
First resolution: Take note of the completion of the processes for the cancelation of the Series “F” Preferred Shares and of the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,663
The Extraordinary General Meeting of shareholders of Bank Audi sal, having reviewed the resolution of the Board of Directors’ meeting held on October 2, 2017, and encompassing:
- The verification of the completion of the procedures for the cancelation of the Series “F” Preferred Shares and the increase of the Bank’s share capital up to LBP 672,682,176,252, i.e. by an amount of LBP 347,494,428, through the incorporation of available reserves, in order to round the nominal value of each individual share up to LBP 1,663; (Read more)
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Rasamny Younis Motor Company S.A.L. – Tuesday October 17, 2017:
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Rasamny Younis Motor Company S.A.L. publishes its Unaudited Financial Statements for the period ended June 30, 2017. Report can be accessed by using the following URL: http://www.bse.com.lb/Portals/0/Rymco%20FS%201706.pdf
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Rasamny Younis Motor Company S.A.L. – Tuesday October 17, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held on Friday, November 17, 2017 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Empower the company to guarantee United Automotive Agency SAL for the debts of the latter to Credit Libanais SAL and/or Societe Generale de Banque au Liban SAL and give the proper authorizations according to articles 158 and 159 of the Code of Commerce. - Other topics.
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Bank Audi S.A.L- Tuesday October 10, 2017:
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October 9, 2017
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LBP 1,663 per common share (each a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Tuesday October 10, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday October 27, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. Take note of the implementation of Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on July 21, 2017, relating to the cancelation of the Series “F” Preferred Shares and the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,663;
2. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 2,750,000 Series “J” Preferred Shares in accordance with Resolution No. 3 of the Extraordinary General Meeting held on July 21, 2017; and
3. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Bank Audi S.A.L- Monday October 9, 2017:
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In reference to the circular number 446/2017 dated 30/06/2017, the Beirut Stock Exchange decided to de-list the /1,500,000/ Preferred Shares series “F” from the official market of the stock exchange, and took note of the Bank’s Capital increase that becomes LBP /672,682,176,252/ divided into /404,499,204/ common and preferred shares with a nominal value of LBP /1,663/ per share. This circular becomes effective upon publication. (Circular: 454/2017)
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De-listing of a maturing Eurobond issue – Friday September 29, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday October 6, 2017 the Lebanese Republic Eurobonds Issue labeled Series number 63 worth USD /600,000,000/ carrying an Interest rate of 5% and maturing on October 12, 2017. (Circular 453/2017)
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Bank Audi S.A.L- Thursday September 28, 2017:
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Bank Audi announces that the subscription in the new preferred shares series “J” will start on September 29, 2017 and end on October 03, 2017.
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Bank of Beirut S.A.L- Wednesday September 27, 2017:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 1 p.m., on Thursday October 12, 2017, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Give the authorization stipulated in Article 158 of the Code of Commerce regarding the subordinated loans that will be signed between Bank of Beirut SAL and Bank of Beirut (UK) Ltd. - Other topics.
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Hegria New Year – Thursday September 21, 2017:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Thursday, September 21, 2017. Trading will be resumed on Friday, September 22, 2017
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BLC Bank S.A.L- Thursday September 14, 2017
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. held a meeting on September 12, 2017 and decided to redeem and cancel all the /550,000/ Series B preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Likewise, the Extraordinary General Assembly decided to grant the Chairman / General Manager or the Vice Chairman the necessary powers to execute the distribution of the free common shares and to fix the payment date for the redeemed Series B preferred shares. Finally, the Extraordinary General Assembly decided to amend the Bank’s By-Laws to reflect the foregoing decisions. (Minutes of the meeting – Arabic)
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Beirut Stock Exchange –Tuesday September 12, 2017:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2017 and any other overdue fees before 29/12/2017. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
• At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours.
•Or by calling the BSE administration at phone No. 01-993555, before 15/12/2017 to send one of its representatives to collect the check, against an official receipt.
(Circular 452/2017)
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Banque Bemo S.A.L. – Wednesday September 06, 2017:
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The Shareholders of Banque BEMO S.A.L. held a General Assembly at 10:00 am on Tuesday, September 5, 2017 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor and decided to issue Nonconvertible, Non-callable Subordinated Notes for an aggregate amount of USD 35 million, as per the following terms: Form of Notes: Nominative. Principal Amount: USD 35 million. Nominal Value per Note: USD 10,000. Number of Notes: 3,500. Subscription: Open to the public within a period to be fixed by the Board of Directors. Guarantees: None. Interest Rate: To be fixed by the Board (between 6.50% and 7.25% subject to 7.00% tax). Interest Payment Dates: June 30 and December 31 of each year, starting December 31, 2018. Maturity Date: January 04, 2024. The General Assembly also decided to grant the Chairman / General Manager the necessary powers to execute the above stated decisions, and to suspend the implementation of these resolutions until obtaining the approval of Banque Du Liban. (Minutes of Meeting, Arabic)
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Mourning Day – Friday September 08, 2017:
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In reference to the administrative memorandum issued by the Prime Minister declaring the closure of all public institutions on Friday, September 08, 2017 to mark a national day of mourning for the martyred soldiers, the Beirut Stock Exchange will close on the mentioned day.
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Eid Al Adha – September 1st till September 4th, 2017:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Friday, September 1, till Monday, September 4, 2017(included). Trading will be resumed on Tuesday, September 5, 2017.
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Solidere SAL- Tuesday August 29, 2017:
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Termination of Depository Agreements and delisting of GDRs
Furtuer to our previous correspondence on this subject including our letters of May 26, 2017 and June 29, 2017, we are pleased to advise you as follows: (Read more)
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BLC Bank S.A.L.- Thursday August 24, 2017:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Tuesday, September 12, 2017, at the Bank’s Head Office in Adlieh Beirut. To discuss the following agenda: - Redeem in order to cancel the Series “B” Preferred Shares and issue free nominal shares to keep the Capital unchanged and amend the Bank’s By-Laws. - Increase the Bank’s capital by issuing new Series “E” Preferred Shares and amend the Bank’s By-Laws accordingly. - The listing of new Series “E” Preferred Shares on the regulated Financial markets; - The granting to the Board of Directors and/or the Chairman of the necessary powers to execute the decisions of the Extraordinary General Assembly. - Other topics
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BLC Bank S.A.L.- Tuesday August 22, 2017:
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In reference to the decision of the Board of Directors of BLC Bank SAL held on June 06, 2017 related to the redemption and cancellation of all of the 550,000 Preferred Shares Series B, and in reference to the approval of the Central Bank of Lebanon on the above stated decision, and upon the decision of the Bank to pay, on August 28, 2017 the price of the redeemed shares, the Beirut Stock Exchange decided to cease trading in BLC Bank Preferred Shares Series B as of the end of the trading session of Tuesday, August 22, 2017. (Circular 451/2017)
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Banque Bemo S.A.L. – Thursday August 17, 2017:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend a General Assembly to be held at 10:00 am on Tuesday, September 5, 2017 at the Bank's Head Office in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - The issuance of Subordinated Notes for an aggregate amount of USD 35 million. - Other topics
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Arab Federation of Exchanges – Vacancy Announcement
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يعلن اتحاد البورصات العربية عن فتح باب تقديم الترشيح لشغل منصب امين عام اتحاد البورصات العربية الكائن مقره في بيروت – لبنان. حددت شروط الترشيح بما يلي:
1- أن يكون عمر المرشح ما بين 35 و60 عاماً بتاريخ تقدمه لشغل المنصب.
2- أن يحمل إحدى الجنسيات العربية.
3- أن تكون لديه خبرة لمدة لا تقل عن 15 (خمسة عشر) سنة في مجال أسواق المال العربية أو العالمية أو في المجالات الاقتصادية المرتبطة بأسواق المال.
4- أن يكون حاصلاً على شهادة جامعية في إحدى التخصصات المناسبة لشغل الوظيفة والمرتبطة بأسواق رأس المال.
5- أن يجيد إجادة تامة، اللغة العربية إضافة إلى اللغة الإنكليزية، كما أن معرفة اللغة الفرنسية تعتبر ميزة إضافية.
6- أن تكون لديه مهارات في مجال الإتصال بالغير والمحادثة والكتابة وإعداد التقارير والتنظيم وإدارة وقيادة الجهاز الإداري وتحفيز المستخدمين وأن يكون لديه حضور شخصي ومهني وأن يكون حسن السمعة لم يسبق أن حكم بجريمة مخلّة بالشرف والأمانة وان لا يكون قد حكم بإشهار إفلاسه.
7- أن يلتزم بممارسة مهامه كأمين عام متفرغ في بلد مقر الاتحاد الكائن في بيروت.
8- أن يتم التعاقد معه لمدة أربع سنوات قابلة للتجديد لمرة واحدة فقط باتفاق الطرفين مع إمكانية فسخ العقد من قبل الإتحاد في حال مخالفته للشروط الوظيفية التعاقدية وفقا للقوانين اللبنانية المرعية الاجراء.
يقتضي بالراغب تقديم ملف ترشحه للمنصب المذكور على عنوان الاتحاد الالكتروني المشار اليه التالي:
AFE-HR@arab-exchanges.org على ان يتضمن المستندات الأولية التالية:
§ رسالة خطية تفيد برغبة المرشح بشغل المنصب وبأسباب ترشحه لهذا المنصب.
§ السيرة الذاتية مدعمة بشهادات الخبرة.
§ صورة فوتوغرافية حديثة للمرشح.
§ صورة جواز سفر ساري المفعول.
§ أية مستندات أو معلومات أخرى قد تطلبها اللجنة التنفيذية لاحقا.
يفتح باب الترشح لغاية 15 أيلول/سبتمبر 2017 ضمنا.
اتحاد البورصات العربية
الرئيس
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Assumption of the Virgin Mary - Tuesday August 15, 2017:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Tuesday, August 15, 2017.
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BLC Bank S.A.L- Thursday August 10, 2017:
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The Board of Directors of BLC Bank S.A.L. held a meeting on June 06, 2017 and decided to suggest to the Extraordinary General Assembly of shareholders to redeem and cancel all the /550,000/ Preferred Shares Series B for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Likewise, the Board of Directors decided to increase the capital of the Bank through the issuance of new Non-Cumulative, Perpetual, Redeemable preferred shares to be labeled preferred shares Series E. Holders of the new Series E preferred shares will receive annual distribution between 6.75% and 7.00% of the issue price (USD 100 per new preferred share). The right to subscribe to the new preferred shares will be limited to the holders of Series B, C and D Preferred Shares. (Minutes of the meeting – Arabic)
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Bank Audi S.A.L- Thursday August 10, 2017
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2017.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-odeabank-as
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank Audi S.A.L- Wednesday August 09, 2017
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It is with great sadness that we announce the passing of Sheikha Suad Hamad Saleh Al Homaizi co-founder and Board Member of Bank Audi sal. Sheikha Suad has been a non-executive member of the Board of Directors since 1962, date of the founding of the Bank.
Samir Hanna, Chairman of the Board and Group Chief Executive Officer, declared: “We are saddened by the loss of a very dear founding member of the Bank Audi family who has closely accompanied and supported every step of the Bank’s growth. She was also a known philanthropist who generously supported many noble causes and charitable institutions. Our thoughts go to her family and loved ones.”
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Rasamny Younis Motor Company S.A.L. – Monday August 07, 2017
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The Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held a meeting on 04/08/2017 and declared a gross dividend distribution of LBP /4,395,300,000/; LBP /161/ per share before distribution tax. Dividends will be paid starting January 15, 2018, after deducting the 5% distribution tax, for the holders of series B Common shares on record as at January 12, 2018. Shares will trade ex-dividend starting January 10, 2018.
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Rasamny Younis Motor Company S.A.L. Wednesday July 26, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders of the Company to hold the Annual General Assembly Meeting on Friday, August 4, 2017 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2016. - Examine the Auditors’ General and Special reports for the year 2016. - Approve the accounts of the year 2016 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2016. – Approve the operations that occurred between the Company and some Board members during the year 2016 and give prior authorization to the Board members according to articles 158 of the Code of Commerce. - Give prior authorization to the Board members according to articles 159 of the Code of Commerce. Give the Board of Directors the authorization to take credits from banks. - Fix the remunerations of the Chairman and Directors for the year 2017. - Appoint the External Auditor for the year 2017 and fix his remuneration. – Other topics.
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BLOM Bank S.A.L. – Monday July 24, 2017:
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In reference to the circular number 444/2017 dated 07/06/2017, the Beirut Stock Exchange decided to de-list the /20,000,000/ BLOM Bank Preferred Shares Class 2011 from the official market of the stock exchange, and took note of the Bank’s Capital increase that becomes LBP /322,500,000,000/ divided into /215,000,000/ common shares with a nominal value of LBP /1,500/ per share. This circular becomes effective upon publication. (Circular 450/2017
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Ciments Blancs S.A.L – Tuesday July 18, 2017:
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In reference to the announcement and the Clarification Statement issued by Societe Libanaise des Ciments Blancs SAL related to the distribution of the 2016 dividends, the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I- Bearer Shares: Shares will be traded with coupon Nb. 12 till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, shares will be traded without coupon Nb.12. II– Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim Liban S.A.L.- Tuesday July 18, 2017:
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In reference to the announcement and the Clarification Statement issued by Holcim (Liban) SAL related to the distribution of the 2016 dividends, the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: I- Bearer Shares: Shares will be traded with coupon Nb. 12 till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, shares will be traded without coupon Nb.12. II– Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Tuesday July 18, 2017. Starting the trading session of Wednesday July 19, 2017, (Ex-dividends date) shares will be traded without the above stated dividends.
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BLC Bank S.A.L.- Monday July 17, 2017:
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BLC Bank S.A.L publishes extract of the minutes of meeting of the Annual Ordinary General Assembly Meeting of shareholders of June 29, 2017. (Arabic & French)
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Ciments Blancs S.A.L – Thursday July 13, 2017:
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In implementation of the resolution of the Ordinary General Assembly held on June 22, 2017 related to the distribution of the 2016 dividends, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /693.5/ per share (net of distribution tax), will be paid starting July 24, 2017 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders (holders of nominative shares) can receive their dividends through the following banks: Banque Libano Francaise: 1 - Geitawi Branch –Beirut, 2 - Jbeil Branch –Jbeil, 3 - Al Tall Branch – Tripoli from July 24, 2017 till December 24, 2017. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Other shareholders (holders of bearer shares) can receive their dividends in exchange of coupon Nb. 12 from the shares issued on 05/01/1998 through the above stated banks, from July 24, 2017 till November 03, 2017. After November 03, 2017 holders of bearer shares should exchange the bearer shares into nominative shares in order to receive dividends. Record date for Nominative Shares is July 21, 2017.
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Holcim Liban S.A.L.- Thursday July 13, 2017:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 7, 2017 related to the distribution of the 2016 dividends, Holcim (Liban) SAL announces that dividends set at LBP /3600/ per share (net of distribution tax), will be paid starting July 24, 2017 as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders (holders of nominative shares) can receive their dividends through the following banks: 1) Banque Libano Francaise (Geitawi Branch, Jbeil Branch, Al Tall Branch, Tripoli) & 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 24, 2017 till December 24, 2017. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Other shareholders (holders of bearer shares) can receive their dividends in exchange of coupon Nb. 12 from the shares issued on 14/05/2007 through the above stated banks, from July 24, 2017 till November 03, 2017. After November 03, 2017 holders of bearer shares should exchange their bearer shares into nominative shares in order to receive dividends. Record date for Nominative Shares is July 21, 2017.
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De-listing of a maturing Eurobond issue – Wednesday July 12, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday July 17, 2017 the Lebanese Republic Eurobonds Issue labeled Series #46 worth USD /300,000,000/ carrying an Interest rate of 3.75% and maturing on July 20, 2017.
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Solidere SAL- Tuesday July 11, 2017:
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Solidere SAL publishes the minutes of the meeting of the Ordinary General Assembly of shareholders of June 19, 2017. (Minutes of the meeting Arabic)
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Holcim Liban S.A.L.- Friday July 07, 2017
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Transfer from Bearer into Nominative Shares
I- BRIEFING ON THE LEGAL ASPECT
Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares.
read more...
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Bank of Beirut S.A.L- Thursday July 06, 2017:
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On July 03, 2017 the following trade on Bank of Beirut – Listed Shares was executed at the Beirut Stock Exchange: Seller / Bank of Beirut S.A.L, Buyer / Rashed El Rashed, Number of shares / 225,000. Price per share / USD 18.80. The new percentage ownership of the two parties in the common share capital of the bank becomes as follow: Rashed Al Rashed: 4.11% and Bank of Beirut S.A.L: 0.23%.
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Bank Audi S.A.L- Tuesday July 04, 2017:
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BANK AUDI ANNOUNCES ITS INTENTION TO REDEEM AND CANCEL THE SERIES F PREFERRED SHARES.
For immediate release -Bank Audi announces its intention to redeem and cancel all the 1,500,000 outstanding Non-Cumulative Redeemable Series F Preferred Shares of the Bank issued in May 2012.
The redemption is expected to take place on or around 7 July 2017.
This announcement is for information only.
For further information:
Corporate Secretariat
Farid Lahoud
Group Corporate Secretary
Corporate.secretary@banqueaudi.com
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Bank Audi S.A.L- Tuesday July 04, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:00 a.m. on Friday July 21, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. The cancellation of the Series “F” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,663;
2. The amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing;
3. The increase of the Bank’s capital through the issuance of a new series of preferred shares (pursuant to Lebanese Law No 308/2001);
4. The listing of such newly-issued preferred shares on the Beirut Stock Exchange;
5. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 3 and 4 above;
6. The submission of the actions described in items 1-5 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and
7. The granting to the Chairman of the Board of Directors (acting singly) or any 2 Directors – General Managers (acting jointly) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in furtherance of all of the foregoing resolutions.
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Solidere SAL- Monday July 03, 2017:
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Solidere GDRs are now delisted and ceased to be traded on the London Stock Exchange. (Read more)
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Bank Audi S.A.L- Friday June 30, 2017:
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Based on the decision of the Board of Directors of Bank Audi SAL related to the cancellation of all Series “F” preferred shares within a period of 60 days following June 22, 2017, and based on the approval of the Central Bank of Lebanon on the above stated decision and upon the request of the Bank to cease trading in Series F Preferred shares, the Beirut Stock Exchange decided to cease trading in Bank Audi Series “F” Preferred Shares starting the beginning of the trading session of Tuesday July 04, 2017. (Circular 446/2017)
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BLC Bank S.A.L.- Friday June 30, 2017:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on June 29, 2017 resolved to approve the bank’s accounts for the year 2016 and declared distribution of dividends as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. Preferred Shares Class D: USD 1.84 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.41 per share. Preferred Shares Class D: USD 1.75 per share. III - Important dates: 04 July 2017: Dividend record date. 30 June 2017: Ex-dividend date. 05 July 2017: Dividend payment date.
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Ciments Blancs S.A.L – Wednesday June 28, 2017:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 22/06/2017 and decided to: - Approve the Balance Sheet and Income Statement of the fiscal year 2016 and discharge the Board of Directors in respect of activities performed during 2016. - Approve the Board of Directors’ report for the year 2016 ending on 31/12/2016. - Approve the Auditors’ report for the year 2016 ending on 31/12/2016. - Approve the Board of Directors’ report drafted in accordance with article 158 of the Code of Commerce and approve all the operations mentioned in the report. - Approve the Auditors’ report drafted in accordance with article 158 of the Code of Commerce. - Re-elect Mr. Jamil Bou Haroun to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2019. - Nominate DELOITTE as Auditors for the fiscal year 2017. - Distribute gross dividends of LBP /730/ per share; LBP /693.5/ per share net of distribution tax.
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Eid Al Fitr: June 26 and 27, 2017
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Monday, June 26 and Tuesday, June 27, 2017. Trading will be resumed on Wednesday June 28, 2017.
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BLOM Bank S.A.L. – Monday June 19, 2017:
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BLOM BANK S.A.L. announced that it has fully acquired all assets and liabilities of HSBC Bank Middle East Limited – Lebanon starting June 17, 2017 after obtaining the approval of Banque du Liban.
HSBC operated through three branches in Dora, Ras Beirut, and “Zaitunay Bay”.
BLOM BANK S.A.L. will ensure employment continuity to all HSBC Bank Middle East Limited – Lebanon employees. BLOM BANK S.A.L. is also committed to assist its old and new clients in their financial needs with the full support of its qualified team.
This acquisition falls under BLOM BANK S.A.L.’s strategy of expanding its customer base and diversifying its assets and sources of revenue. The transaction will help BLOM BANK S.A.L. expand its Corporate and Commercial businesses as well as its Retail activities
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BLOM Bank S.A.L. – Tuesday June 13, 2017:
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The Extraordinary General Assembly of shareholders of BLOM Bank SAL held a meeting on Friday, April 28, 2017 and decided to redeem and cancel all the 20 million Preferred Shares series 2011, to substitute their nominal value in the capital of the Bank through the incorporation of an equivalent amount from the reserve account, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly decided to increase the capital of the Bank to become LBP 322,500,000,000 through the incorporation of an additional amount from the reserve account, resulting in a nominal value of LBP /1,500/ per common share. The Extraordinary General Assembly also decided to grant the Board of Directors the necessary powers to verify the above stated decisions and modified article 6 of the Bank’s By Laws to reflect the capital increase.
(Meeting of the Extraordinary General Assembly dated April 28, 2017)
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BLOM Bank S.A.L. – Tuesday June 13, 2017:
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The Extraordinary General Assembly of shareholders met on Friday, April 07, 2017 at the Bank’s Headquarters and decided to approve the purchase of all the assets, rights, liabilities and obligations of HSBC Middle East Limited - Lebanon Branch by BLOM Bank SAL. The Extraordinary General Assembly also decided to give the Board of Directors and/or the Chairman all the powers to execute the acquisition. On February 20, 2017 the Central Bank of Lebanon took a decision that gives BLOM Bank SAL an initial approval to purchase all assets, rights, liabilities and obligations of HSBC Middle East Limited - Lebanon Branch. (Extraordinary General Assembly)
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Holcim Liban S.A.L.- Monday June 12, 2017:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Friday, July 7, 2017 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2016 and give the Board of Directors complete clearance for the business of the year 2016. - Approve the report of the Board of Directors for the year ended December 31, 2016. - Approve the report of the Auditors for the year ended December 31, 2016. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2017 and determine their fees. Distribute Dividends. - Give the authorization to the Directors in accordance with the provisions of article 29 of the company’s by-laws. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares whose shares are deposited in authorized banks and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period after presenting their Certificate of deposit.
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BLC Bank S.A.L.- Thursday June 08, 2017:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 pm on Thursday June 29, 2017, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2016. - Examine the Reports of the Auditors for the fiscal year 2016. - Give proper approval as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the accounts of the fiscal year 2016. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Other topics.
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BLOM Bank S.A.L. – Wednesday June 07, 2017:
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In reference to the decision of the Extraordinary General Assembly of BLOM Bank S.A.L. held on April 28, 2017 related to the redemption and cancelation of all the /20.000.000/ Preferred Shares Class 2011, and in reference to the approval of the Central Bank of Lebanon, and upon the decision of the Bank to pay, on June 07, 2017, the price of the redeemed shares based on the issue price, the Beirut Stock Exchange decided to cease trading in BLOM Bank Preferred Shares Class “2011”. This becomes effective upon publication. (Circular 444/2017)
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Banque Bemo S.A.L. – Monday June 05, 2017:
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In Reference to the announcement issued by Banque BEMO SAL related to the distribution of dividends for the holders of shares on record as at June 9, 2017, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is Wednesday June 7, 2017.
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Banque Bemo S.A.L. – Monday June 05, 2017:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on June 05, 2017 and approved the distribution of dividends for the year 2016 amounting to LBP 8,599 million as follows:
To Holders of Common Shares:
• LBP 80 per share (LBP 76 net of 5% distribution tax)
To Holders of Preferred Shares:
• Class 2013: USD 7 per share (USD 6.65 net of 5% distribution tax)
Dividends will be paid starting June 22, 2017 after deducting the 5% distribution tax, for the holders of Common and Preferred shares as at June 9, 2017 (Record Date), according to the records of Midclear S.A.L.
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Ciments Blancs S.A.L – Tuesday May 30, 2017:
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I- BRIEFING ON THE LEGAL ASPECT Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares. (Read more)
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Ciments Blancs S.A.L – Tuesday May 30, 2017:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Ordinary General Assembly Meeting at 10 am on Thursday, June 22, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: - Approve the financial statements for the year 2016 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2016. - Examine and approve the Auditors’ report for the year 2016. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2017 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least seven days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company or in the banks or Financial Institutions against a Certificate of deposit, must register their names in the Company’s record within the same period against a Certificate of deposit.
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MOU between BSE and MEIRA
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Beirut, Lebanon. The Middle East Investor Relations Association (MEIRA) and the Beirut Stock Exchange (BSE) signed a Memorandum of Understanding (MOU) on Friday 26 May, marking the launch of increased collaboration between the two organisations in promoting best practice in Investor Relations (IR) in Lebanon.
The signing ceremony took place at the BSE headquarters and was inaugurated by Ghaleb Mahmassani, BSE Acting Chairman, followed by Sami Saliba, Capital Market Authority Vice-Chairman, who gave a keynote speech on the regulatory landscape in Lebanon. (Read more)
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Solidere SAL- Friday May 26, 2017:
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As the Ordinary General Assembly was invited to meet for the first time on May 26, 2017 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on June 19, 2017 at Biel Downtown to discuss the following agenda- Examine the Board of Director’s Report for 2016. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2016. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2016. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2016. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday July 11, 2017 at Biel Downtown.
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Solidere SAL- Friday May 26, 2017:
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Intended Delisting from the London Stock Exchange and Intended Termination of the Deposit Agreement. (Read more)
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Banque BEMO S.A.L. – Thursday May 18, 2017:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting that will be held at 9:00 am on Monday, June 5, 2017 at the Bank’s offices in Achrafieh, Elias Sarkis Street, Bemo Bank bldg., 2nd Floor to discuss the following agenda:
1) Examine the Board of Director’s general Report for the year 2016.
2) Examine the Auditors’ Report for the year 2016.
3) Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly.
4) Examine and approve the accounts for the year 2016 and allocate the results of the fiscal year.
5) Approve the Consolidated Financial Statements as at 31/12/2016.
6) Give full discharge to the Chairman and members of the Board of directors for the year 2016.
7) Fix the remunerations of the Chairman – General Manager for the year 2017.
8) Fix the remunerations of the Board of directors for the year 2017.
9) Assign External Auditors and fix their remunerations.
10) Other subjects.
Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Holcim Liban S.A.L.- Thursday May 18, 2017
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Transfer from Bearer into Nominative Shares
I- BRIEFING ON THE LEGAL ASPECT
- Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares.
read more...
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Bank of Beirut S.A.L- Tuesday May 16, 2017
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Bank of Beirut S.A.L publishes its Audited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB FS20161231.pdf
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Bank Audi S.A.L- Wednesday May 10, 2017:
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2017.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com
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Bank of Beirut S.A.L- Friday May 05, 2017:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2017 and resolved to approve the Bank’s accounts for the year 2016 and declared distribution of dividends as follows:
1- Preferred Shares: An amount of USD/33,469,849/distributed as follows:
- To Holders of Series “G” Preferred Shares: A total amount of USD/8,434,125/on the basis of USD 2.3625 per share before distribution tax at the rate of 5%.
- To Holders of Series “H” Preferred Shares: A total amount of USD/9,450,000/on the basis of USD 1.75 per share before distribution tax at the rate of 5%.
- To Holders of Series “I” Preferred Shares: A total amount of USD/8,437,500/on the basis of USD 1.6875 per share before distribution tax at the rate of is 5%.
- To Holders of Series “J” Preferred Shares: A total amount of USD/4,875,000/on the basis of USD 1.6250 per share before distribution tax at the rate of 5%.
- To Holders of Series “K” Preferred Shares: A total amount of USD/2,273,224/on the basis of USD 0.5683 per share before distribution tax at the rate of 5% for the period extended from 25 August 2016 to 31 December 2016.
2- Priority Shares Class 2014:
Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at the rate of 5%.
3- Common Shares:
Dividends amounting to LBP /57,946,900,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,000 per share before distribution tax at the rate of 5%.
Dividends will be paid through Midclear S.A.L. starting May 11, 2017 for the holders of shares as at 10/05/2017 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date is May 08, 2017.
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Solidere SAL- Thursday May 04, 2017:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday May 26, 2017 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2016. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2016. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2016. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2016. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday June 19, 2017 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, July 11, 2017 at Biel Downtown.
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Bank of Beirut S.A.L- Tuesday May 02, 2017:
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On April 28, 2017 the following Block Trade on Bank of Beirut – Listed Shares was executed at the Beirut Stock Exchange: Seller / Mr. Fawaz Naboulsi, Buyer / FSHN Limited, Number of shares / 176,650, Price per share / USD 16.00. Mr. Fawaz Naboulsi is the sole owner of the 2,000 issued shares out of the 15,000 outstanding shares of FSHN Limited. The new percentage ownership of the two parties in the share capital of the bank becomes as follow: Mr. Fawaz Naboulsi: 0.0002% and FSHN Limited: 4.3943%.
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Holcim Liban S.A.L.- Tuesday May 02, 2017:
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Reference to the announcement issued by LafargeHolcim, on Monday, April 24 about the conclusion of the independent investigation into the Syria review and the resignation of Group CEO, Eric Olsen, we would like to clarify the following (Read more)
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Labor Day –Monday May 01, 2017:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Monday, May 01, 2017. Trading will be resumed on Tuesday, May 02, 2017.
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Byblos Bank S.A.L. - Saturday April 29, 2017:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 28 April 2017 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2016 as follows:
For Common Shareholders:
LBP 200 per share (LBP 190 Net of 5% withholding tax).
For Preferred Shareholders:
Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax).
Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax).
Such dividends will be paid on or about 5 May 2017 after deducting the 5% withholding tax, to shareholders as at 4 May 2017 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 2 May 2017.
For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5% withholding tax and other expenses starting 10 May 2017.
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Bank of Beirut S.A.L- Thursday April 27, 2017:
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Bank of Beirut S.A.L publishes its Consolidated Unaudited Financial Statements for the period ended March 31, 2017. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB%20FS%20032017.pdf
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Holcim Liban S.A.L.- Friday April 21, 2017:
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Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares.
More….
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Bank of Beirut S.A.L- Tuesday April 18, 2017:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 10 a.m., on Friday May 5, 2017, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda:
• Approve the reports of the Board of Directors for the fiscal year 2016.
• Approve the Auditors’ reports for the fiscal year 2016.
• Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2016.
• Appropriate the profits for the year 2016.
• Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2016
• Elect a new Board of Directors.
• Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code.
• Nominate the Auditors for the Fiscal years 2017, 2018 & 2019.
• Other subjects.
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Good Friday and Easter Holiday– April 14-17 2017:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the 14th and the 17th of April 2017.
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Bank Audi S.A.L- Tuesday April 11, 2017:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 10, 2017 and resolved, amongst other things, to:
(i) take note of the resignation of the Chairman of the Board of Directors, Mr. Raymond Audi, 84, who decided to stand down from the Board of Directors, after having served as Director of the Company since its incorporation in 1962 in order to devote more time to his personal life; and
expressed its gratitude to Mr. Raymond W. Audi for his leadership and dedication throughout his 55 years of service.
(ii) elect Mrs. Sherine R. Audi, Mr. Carlos A. Obeid and Mr. Aristidis I. Vourakis as Directors for the remainder of the current Board’s mandate (i.e. until the Annual General Assembly expected to be held in April 2019 that will examine the activity and accounts of the year 2018).
The Board convened following the General Assembly and resolved, amongst other things, to elect Mr. Samir N. Hanna as Chairman of the Board – General Manager. Mr. Samir Hanna will henceforth serve as Chairman of the Board and Group CEO.
The Board of Directors is now composed as follows:
Mr. Samir N. Hanna (Chairman and Group CEO);
Dr. Marwan M. Ghandour (vice-chairman);
Dr. Freddie C. Baz (vice-chairman);
Sheikha Suad H. Al Homaizi;
Sheikha Mariam N. Al Sabbah;
Mr. Marc J. Audi;
Dr. Imad I. Itani;
Mr. Abdullah I. Al Hobayb;
Dr. Khalil M. Bitar;
Mrs. Sherine R. Audi;
Mr. Carlos A. Obeid;
Mr. Aristidis I. Vourakis.
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Bank Audi S.A.L- Tuesday April 11, 2017:
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In reference to the announcement issued by Bank Audi SAL dated April 10, 2017 related to the decision of the Annual Ordinary General Assembly of shareholders of April 10, 2017 to distribute dividends for the holders of shares on record as at April 13, 2017 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Bank Audi SAL is Tuesday, April 11, 2017. (Circular 441/2017)
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Bank Audi S.A.L- Tuesday April 11, 2017:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 10, 2017 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2016 and (ii) declare a gross distribution of dividends as follows:
To Holders of Series “F” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share.
To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share.
To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share.
To Holders of Series “I” Preferred Shares a total of USD 7.5 Million on the basis of USD 3 per share
To Holders of Common Shares: a total of LBP 301.3 Billion on the basis of LBP 753.75 per share.
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:
To Holders of Series “F” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share.
To Holders of Series “G” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share.
To Holders of Series “H” Preferred Shares a total of USD 4.631 Million on the basis of USD 6.175 per share.
To Holders of Series “I” Preferred Shares a total of USD 7.125 Million on the basis of USD 2.85 per share.
To Holders of Common Shares: a total of LBP 286.25 Billion on the basis of LBP 716.06 per share.
Dividends will be paid through Midclear S.A.L. starting April 18, 2017 for the holders of Shares as at April 13, 2017 (Record Date), according to the records of Midclear S.A.L.
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BLOM Bank S.A.L. – Monday April 10, 2017:
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In reference to the announcement issued by BLOM Bank SAL related to the decision of the Annual Ordinary General Assembly of shareholders of April 7, 2017 to distribute dividends for the holders of shares on record as at April 12, 2017 (Record date).
The Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of BLOM Bank SAL is Monday, April 10, 2017. (Circular 440/2017)
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BLOM Bank S.A.L. – Monday April 10, 2017:
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We are pleased to notify you that the Board of Directors of BLOM Bank S.A.L convened on Friday, April 7th, 2017 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Friday, April 28th, 2017 at 12.30 p.m. in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows:
- Take a decision about the redemption and the cancellation of all the 20 million Preferred Shares series 2011 issued by the Bank.
- Increase of the Bank’s Capital concomitantly with the redemption and the cancellation of the Series 2011 Preferred Shares and execute all the related necessary procedures.
- Modify article 6 of the Bank’s By Laws.
- Give the Board of Directors all the powers to verify the redemption and the cancellation of the Series 2011 Preferred Shares and the increase of the Capital.
- Any matters which could arise.
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BLOM Bank S.A.L. – Monday April 10, 2017:
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BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 7, 2017 at the Bank’s Headquarters and approved the accounts of the Bank for 2016 and the distribution of dividends and returns amounting to LBP 343,262,708 thousand as follows:
• To Holders of Preferred Shares series 2011, an amount of USD 0.70 per share
• To Holders of Common Listed Shares, an amount of LBP 1500 per share
As a result of the above, the net payable amounts, after deduction of the applicable distribution tax at the rate of 5%, are as follows:
• To Holders of Preferred Shares series 2011, an amount of USD 0.665 per share.
• To Holders of Common Listed Shares, an amount of LBP 1425 per share.
Payment shall take place through Midclear S.A.L., starting the 12th of April, 2017 for the holders of Preferred Shares series 2011 and 13th of April, 2017 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at April 12, 2017 (Record Date).
Regarding BLOM GDR Holders, the profit share are expected to be settled by BANK OF NEW YORK MELLON starting from April 26th, 2017
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Bank Audi S.A.L- Monday April 3, 2017:
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BANK AUDI AGREES TO SELL ITS ELECTRONIC PAYMENT AND CARD SERVICES BUSINESS TO M1 GROUP
For immediate release - Bank Audi s.a.l. (Bank Audi) announces that it has entered into an agreement with M1 Financial Technologies (Holding) SAL (M1 Financial Technologies), a subsidiary of M1 Group, to sell its electronic payment and card services business for a price of U.S.$185 million, subject to adjustment, plus contingent deferred consideration of up to U.S.$ 35 million.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Friday, 28 April 2017, in order to discuss and decide on the matters listed in the following agenda:
• To hear the general and special Board reports for the fiscal year 2016.
• To hear the Auditors’ general and special reports for the fiscal year 2016.
• To advise on the accounts of the fiscal year 2016 and on the allocation of its results.
• To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2016.
• To advise on the election of a new Board of Directors.
• To advise on the operations performed between the Board members and the Bank during the fiscal year 2016 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2017 all the operations described in the special report of the Board of Directors and the Auditors.
• To advise on the determination of the auditors’ remuneration and the directors and Board committee members’ emoluments for the fiscal year 2017.
• Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2016, general and special reports of both the Board and the Auditors for the fiscal year 2016, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, 28 April 2017, in order to discuss and decide on the matters listed on the following agenda:
• To hear the general and special Board reports for the fiscal year 2016.
• To hear the Auditors’ general and special reports for the fiscal year 2016.
• To approve the accounts of the fiscal year 2016 and on the allocation of its results.
• To discharge the chairman and Board members for their administrative duties during the fiscal year 2016.
• To approve the operations performed between the Board members and the Bank during the fiscal year 2016 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2017 all the operations described in the special report of the Board of Directors and the Auditors.
• To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2017.
• Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2016, general and special reports of both the Board and the Auditors for the fiscal year 2016, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 31 March 2017, to propose to the Ordinary General Assembly convened to meet on 28 April 2017 at the Bank’s Headquarters, the distribution of dividends for the year 2016 as follows:
For Common Shareholders:
• LBP 200 per share (Before withholding tax)
For Preferred Shareholders:
• Class 2008: USD 8 per share; (Before withholding tax)
• Class 2009: USD 8 per share; (Before withholding tax)
Subject to the Ordinary General Assembly’s approval, such dividends will be paid on or about 5 May 2017 after deducting the withholding tax, to shareholders as at 4 May 2017 (record date), according to the records of Midclear (the Central Depository).
For GDR holders:
• LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 10 May 2017.
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Bank of Beirut S.A.L- Friday March 31, 2017:
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On March 28, 2017 the following two Block Trades on Bank of Beirut – Listed Shares have been executed at the Beirut Stock Exchange: I – Seller / Salim Sfeir, Buyer / Sfeir Bancorp Limited, Number of shares / 498,540, Price per share / USD 16.00. II - Seller / Fawaz Naboulsi, Buyer / FSHN Limited, Number of shares / 318,423 Price per share / USD 16.00. Mr. Salim Sfeir is the sole owner of the 2,000 issued shares of Sfeir Bancorp Limited out of the 15,000 outstanding shares. Mr. Fawaz Naboulsi is the sole owner of the 2,000 issued shares of FSHN Limited out of the 15,000 outstanding shares. The new percentage ownership of the four parties in the share capital of the bank becomes as follow: Mr. Salim Sfeir: 0.0002%, Mr. Fawaz Naboulsi: 0.86%, Sfeir Bancorp Limited: 4.43% and FSHN Limited: 3.39%.
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Bank Audi S.A.L- Friday March 24, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 10, 2017 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2016 and to examine the following agenda:
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Bank Audi S.A.L- Friday March 24, 2017:
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Bank Audi sal’s Annual Report for the year ended 31 December 2016 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal
Audi Plaza – Bab Idriss
PO. Box 11-2560
Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link:
http://www.bankaudigroup.com/Library/Assets/AnnualReport_2016.pdf
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Bank Audi S.A.L- Friday March 24, 2017:
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In its meeting held on March 20, 2017, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 753.75 per common share.
Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 18, 2017 to holders of common shares as at April 13, 2017 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. – Tuesday March 21, 2017:
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Friday, April 7th, 2017 at 13.30 p.m in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows:
- Examine the preliminary approval by the Central Council of the Central Bank of Lebanon, issued under no 83/mm/3, dated February 20th, 2017 approving the acquisition by BLOM Bank S.A.L of all the Assets & Shareholders Equity & Liabilities & Commitments of HSBC Bank Middle East Limited- Lebanon Branch according to Article 10 of the Law No 192/93 and its modifications
- Approve the acquisition by Blom Bank SAL of all the Assets & Shareholders Equity & Liabilities & Commitments of HSBC Bank Middle East Limited- Lebanon Branch according to Article 10 of the Law No 192/93 and its modifications
- Give the Board of Directors and/or the Chairman all the powers to execute the acquisition
- Any matters which could arise
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BLOM Bank S.A.L. – Tuesday March 21, 2017:
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Friday, April 7th, 2017 at 12.00 o’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2016. - Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2016 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Elect the Board of Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. - Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2016; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1500 LL (less the tax) as dividend for each listed ordinary share and to pay an amount of 0,70 USD (less the tax) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Ordinary Shares (Record Date April 12, 2017. Payment Date: April 13, 2017) Preferred Shares (Record Date April 12, 2017. Payment Date April 12, 2017).
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Bank Audi S.A.L- Tuesday March 14, 2017:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended December 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt .
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Rasamny Younis Motor Company S.A.L. – Monday March 13, 2017:
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The Ordinary General Assembly of shareholders held a meeting on Monday, February 20, 2017 at 09:30 a.m. at the Company’s Headquarters and decided to guarantee Associated Automotive Agency SAL for the drafts and/or loans given to the latter by Al Mawarid Bank SAL. The Assembly also decided to accept the resignation of Mohamad Abed El Mohsen El Khara Sons Co. from the Board of Directors and grant him full discharge. (Minutes of the Ordinary General Assembly Meeting in Arabic)
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Ciments Blancs S.A.L – Thursday March 9, 2017:
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The shareholders of Societe Libanaise des Ciments Blancs SAL held an Extraordinary General Meeting at 11:00 AM on Monday, February 27, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, and decided to: - Exchange the shares of the company from bearer type to nominative type and amend the Company’s by-laws accordingly. - Appoint Midclear to execute the exchange operation and to hold the shareholders’ register of the company. – Grant the Board of Directors the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions. (Minutes of the Extraordinary General Assembly).
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De-listing of a maturing Eurobond issue – Wednesday March 8, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday March 15, 2017 the Lebanese Republic Eurobonds Issue labeled Series #52 (Tranch 1 and 2) worth USD /1,500,000,000/ carrying an Interest rate of 9.00% and maturing on March 20, 2017.
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Rasamny Younis Motor Company S.A.L. – Monday February 27, 2017:
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Rasamny Younis Motor Co. announces that Mohamad Abed El Mohsen El Kharafi & Sons Co. has resigned from the Board of Directors of the Company, effective February 21, 2017.
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Bank Audi S.A.L- Monday February 27, 2017:
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended December 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-odeabank-as
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Holcim Liban S.A.L.- Monday February 20, 2017:
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The shareholders of Holcim (Liban) S.A.L. held an Extraordinary General Meeting at 16:00 on Monday, February 13, 2017 at Le Royal Hotel – Dbayeh, and decided to: - Exchange the shares of the company from bearer type to nominative type and amend the Company’s by-laws accordingly. - Appoint Midclear to execute the exchange operation and to hold the shareholders’ register of the company. – Grant the Board of Directors the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions. - Elect Mr. Grant Ernshaw to the Board of Directors.(Minutes of the Extraordinary General Assembly).
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BLC Bank S.A.L.- Monday February 13, 2017:
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The holders of Series D Preferred Shares of BLC Bank S.A.L. attended an Extraordinary General Meeting on February 02, 2017 and decided to adopt the By-Laws of the holders of Series D Preferred Shares. In addition, the Assembly decided to nominate Mr. Hafez Abi Chaker as a representative of the holders of Series D Preferred Shares. (By-laws of the Body of holders of Series D Preferred Shares)
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BLC Bank S.A.L.- Friday February 10, 2017:
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The Exceptional Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on 27 January 2017 and decided to approve the merger of BLC Invest SAL into BLC Bank SAL through the purchase by BLC Bank SAL of all the assets, liabilities, rights and obligation of BLC Invest SAL. The General Assembly also decided to grant each of the chairman and the vice chairman, severally, the necessary powers to carry out all needed actions to implement the merge.
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BSE Days Off- Thursday February 09 & Tuesday February 14, 2017:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2017. Likewise, on the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Tuesday, February 14, 2017.
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Rasamny Younis Motor Company S.A.L. – Thursday February 02, 2017:
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On January 31, 2017 a shareholder represented in the Board of Directors of Rasamny Younis Motor Co. SAL, (Mohamad Abed El Mohsen El Kharafi & Sons Co.) sold, through a block trade, /3,133,066/ shares of Rasamny Younis Motor Co. Category B at a price of USD 3.07 per share for a total amount of USD 9,618,512.62. The shares were bought by Shift SAL (Holding). The new percentage ownership of the two parties in the share capital of the company becomes as follows: Mohamad Abed El Mohsen El Kharafi & Sons Co.: 0.0001%, Shift SAL (Holding): 38.07% approximately.
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Holcim Liban S.A.L.- Tuesday January 31, 2017
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 16:00 on Monday February 13, 2017 at Le Royal Hotel – Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law number75/2016. - Elect a member to the Board of Directors. - Other Topics.
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BLC Bank S.A.L.- Tuesday January 31, 2017
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BLC Bank S.A.L. publishes its Unaudited Consolidated Financial Statements for the period ended December 31, 2016. Report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BLC FS 2016.pdf
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Bank of Beirut S.A.L- Monday January 30, 2017
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Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB FS 20161231.pdf
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Bemo Bank S.A.L. – Monday January 30, 2017
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Banque BEMO S.A.L. publishes its Unaudited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/Bemo FS 20161231.pdf
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Rasamny Younis Motor Company S.A.L. – Friday January 20, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Meeting to be held at 09:30 a.m. on Monday, February 20, 2017 at the Company’s Headquarters, Chiyah Boulevard, to discuss the following agenda: - Guarantee Associated Automotive Agency SAL against the drafts and/or loans given to the latter by Al Mawarid Bank SAL.- Take note of the resignation of one Board member, grant him discharge and elect an alternate member to the Board. - Other topics.
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Bank Audi S.A.L- Thursday January 19, 2017:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,500,000/ Non-Cumulative, Perpetual, Redeemable, Convertible Series (I) Preferred Shares, issued by Bank Audi SAL in the official market of the stock exchange. Holders of Series (I) Preferred Shares will receive annual distribution of USD 3 for the year 2016 and USD 7 for the following years. Trading is scheduled to start on Wednesday, January 25, 2017. (Circular# 438/2017)
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BLC Bank S.A.L.- Tuesday January 17, 2017:
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The Board of Directors of the BLC Bank S.A.L. invites the Holders of Preferred Shares Class D to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Thursday, February 02, 2017 at the Bank’s head office in Beirut, facing the Palace of Justice to discuss the following agenda: 1- Draft the By-Laws of the Assembly of the Holders of Preferred Shares Class D. 2- Nominate a representative of the assembly 3- Other Topics
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BLC Bank S.A.L.- Tuesday January 17, 2017:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Exceptional Ordinary General Assembly Meeting to be held at 10:00 am on Friday, January 27, 2017 at the Bank’s head office in Beirut, facing the Palace of Justice to discuss the following agenda: -Approve the merge of BLC Invest S.A.L. and BLC Bank S.A.L. by buying all the Assets and Liabilities of BLC Invest S.A.L. – Other Topics.
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Ciments Blancs S.A.L – Monday January 16, 2017
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Monday, February 27, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law number 75/2016. - Other Subjects
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Credit Commercial et Foncier S.A.L. ends its activity as a broker in the BSE Friday January 13, 2017
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As per the request of Credit Commercial et Foncier S.A.L., the Beirut Stock Exchange decided to write-off the Company from its list of authorized brokers (Circular 437/2016)
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Armenian Christmas Day –Friday January 06, 2017:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Friday, January 06, 2017.
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Last Trading Day at the Beirut Stock Exchange for 2016- Friday December 30, 2016:
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Friday December 30, 2016 will be the last trading day at the Beirut Stock Exchange for the year 2016, and on the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Monday, January 02, 2017. Trading will be resumed on Tuesday, January 03, 2017.
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Christmas – Sunday & Monday December 25 & 26, 2016:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Monday, December 26, 2016
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Holcim Liban S.A.L.- Monday December 12, 2016:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 16:00 on Monday February 13, 2017 at Le Royal Hotel – Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law #75/2016. - Elect a member to the Board of Directors. Other subjects.
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Bank Audi S.A.L- Thursday December 8, 2016:
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Bank Audi SAL declares that the subscription period for Series “I” Preferred Shares starts on December 09, 2016 and ends on December 13, 2016
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Bank Audi S.A.L- Monday December 5, 2016
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Link
to the Information Statement relating to the Extraordinary General
Meeting of Shareholders that will be held on December 21, 2016.
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Bank Audi S.A.L- Monday December 5, 2016:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Wednesday December 21, 2016 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 2,500,000 Series “I” Preferred Shares in accordance with Resolution No. 1 of the Extraordinary General Meeting held on November 29, 2016; and
2. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Bank Audi S.A.L- Friday November 25, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended September 30, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt .
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Independence Day – Tuesday November 22, 2016:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Tuesday, November 22, 2016.
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BLOM Bank S.A.L. – Wednesday November 16, 2016:
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BLOM BANK announced today that it has signed an agreement to acquire the assets and liabilities of HSBC Bank Middle East Limited – Lebanon subject to regulatory approval from Banque du Liban on the transaction which is expected to be completed during the first half of 2017.
As of June 30th, 2016, HSBC Bank Middle East Limited had 3 branches in Lebanon and approximately USD 953 million in total assets.
This acquisition falls under BLOM BANK’s strategy of expanding its customer base and diversifying its assets and revenues. The transaction will help BLOM BANK expand its corporate and commercial businesses as well as its retail activities. BLOM BANK will ensure employment continuity to all HSBC current employees and is committed to a smooth transition for all clients.
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Bank Audi S.A.L- Friday November 14, 2016
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Link
to the Information Statement relating to the Extraordinary General
Meeting of Shareholders that will be held on November 29, 2016.
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Bank Audi S.A.L- Friday November 11, 2016
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday November 29, 2016 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The increase of the Bank's capital through the issuance of a number of Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their amount, terms and conditions; 2. The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange; 3. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 1 and 2 above; 4. The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and 5. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi S.A.L- Wednesday November 09, 2016
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2016. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Holcim Liban S.A.L.- Tuesday November 08, 2016
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In reference to the announcement issued by Holcim (Liban) SAL related to the payment of the decrease of capital starting November 17, 2016 for an amount of LBP 5,000 per share, in exchange of coupon number 11, the Beirut Stock Exchange declares the following: (i) The shares of the company will trade with coupon number 11untill the end of the trading session of Friday, November 11, 2016 (inclusive), (ii) the shares of the company will be suspended for the trading session of Monday, November 14, 2016, (iii) Trading will resume on Tuesday, November 15, 2016 without coupon number 11. A special pricing procedure will be implemented by raising the threshold for Holcim’s shares to +/- 25 percent of the last closing price. (Circular 435/2016)
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Bank Audi S.A.L- Monday November 07, 2016:
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The Beirut Stock Exchange decided to list, as of November 10, 2016, an additional /4,936,644/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /114,988,117/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /119,924,761/. The details related to the pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones. . (Circular # 434/2016).
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Bemo Bank S.A.L. – Wednesday October 26, 2016:
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On October 24, 2016 a Banque BEMO SAL shareholder Mr. Maroun Antanos Semaan sold /7,647,311/ common shares of Banque BEMO SAL to his three sons at a price of USD /1.60/ per share totaling USD /12,235,697.6/.
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Bank of Beirut S.A.L- Wednesday October 26, 2016:
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Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the period ended September 30, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB%20FS20161009.pdf
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Byblos Bank S.A.L. - Tuesday October 25, 2016:
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The Extraordinary General Assembly of shareholders of Byblos Bank SAL convened on September 30, 2016 and decided to approve the agreement signed, on June 30, 2016, between Byblos Bank SAL and Banque Pharaon and Chiha SAL related to the purchase of all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL by Byblos Bank SAL. Likewise, the extraordinary General Assembly of shareholders of Banque Pharaon and Chiha SAL convened on September 30, 2016 and decided to approve the agreement mentioned here above. The assembly also decided to dissolve and liquidate Banque Pharaon and Chiha SAL and to cross off its name from the Banks’ list. On October 19, 2016 Banque Du Liban took the decision number 60/29/16 that gives Byblos Bank SAL the final approval to purchase all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL and to cross off the name of Banque Pharaon and Chiha SAL from the Banks’ list.
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HOLCIM Liban S.A.L.- Monday October 24, 2016:
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In implementation of the resolution of the Extraordinary General Assembly of shareholders of Holcim (Liban) SAL of December 14, 2010 related to the reduction of the Company’s Capital from LBP /195,160,400,000/ to LBP /97,580,200,000/, the company declares that the execution of the capital’s decrease will start on November 17, 2016 as follows: - Shares will be stamped with a customized stamp mentioning the new nominal value of the share, as well as the new capital. Stamps will be available at the designated banks, at Midclear and at the company’s offices in Heri and Dbayeh. - The decrease of capital by LBP /5,000/ per share will be paid in exchange of coupon Nb. 11 from the shares issued on 14/05/2007 as follows: > Shareholders having deposited their shares at the Lebanese banks will collect the amount of the reduction from “Midclear”. > Remaining shareholders can collect the amount of the reduction in exchange of coupon Nb. 11 from the shares issued on 14/05/2007 through the following banks: 1) Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli) and 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from November 17, 2016 till February 28, 2017. By the end of the mentioned period reduction amounts will be paid at the company’s offices in Hery and Dbayeh.
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De-listing of a maturing Eurobond Issue – Monday October 24, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday October 28, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 59, worth USD /500,000,000/, carrying an Interest rate of 4.75% and maturing on November 2, 2016. (Circular # 433/2016).
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Bank of Beirut S.A.L- Wednesday October 19, 2016:
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The holders of Bank of Beirut Preferred shares Class (K) attended an Extraordinary General Assembly meeting on Tuesday October 11, 2016, at the Bank's Head Office, Foch St, Beirut Downtown and decided to adopt the By-Laws of the Assembly of holders of Preferred Shares Class (K). In addition The Extraordinary General Assembly decided to nominate Mr. Roger Dagher and Mr. Antoine Chamcham as representatives of the Assembly. (By-Laws of the Assembly of holders of Preferred Shares Class (K) - Arabic)
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BLC Bank S.A.L.- Monday October 17, 2016:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of an additional /20.000.000/ new common share issued by BLC Bank SAL in the official market of the stock exchange. Likewise, the Beirut Stock Exchange decided to accept the listing, trading and pricing of the /750.000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (D), issued by BLC Bank SAL in the official market of the stock exchange. Holders of Preferred Shares Class (D) will receive annual distribution of 6.75% of the issue price (USD 100 per share), adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Thursday, October 20, 2016. (Circular # 432/2016).
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Achoura – Wednesday October 12, 2016:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Wednesday, October 12, 2016.
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Bank of Beirut S.A.L- Wednesday October 05, 2016:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /4,000,000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (K) issued by Bank of Beirut SAL in the official market of the stock exchange. Holders of Preferred Shares Class (K) will receive annual distribution of 6.5% of the issue price (USD 25 per share), adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Monday, October 10, 2016. (Circular 431/2016)
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Byblos Bank S.A.L. - Tuesday October 04, 2016:
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The Extraordinary General Assembly of shareholders of Byblos Bank SAL convened on September 30, 2016 and decided to approve the agreement signed between Byblos Bank SAL and Banque Pharaon and Chiha SAL related to the purchase of all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL by Byblos Bank SAL. The decision becomes effective upon the final approval of Banque Du Liban. (Minutes of the meeting – Arabic).
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BLC Bank S.A.L.- Friday September 30, 2016:
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The Beirut Stock Exchange decided to de-list the 400,000 preferred shares class “A” of BLC Bank S.A.L. as the Bank redeemed the shares in full. This is effective immediately. (Circular 430/2016).
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BLC Bank S.A.L.- Tuesday September 27, 2016:
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BLC Bank S.A.L publishes the minutes of the Extraordinary General Assembly of shareholders of September 22, 2016. (Minutes of the meeting in Arabic)
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Bank Audi S.A.L- Monday September 26, 2016:
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The following announcement is made pursuant to Article 45 of Lebanese Law No. 161 dated August 17, 2011: - Deutsche Bank Trust Company Americas in its capacity as Depositary within Bank Audi’s GDR Program, has purchased 4,936,644 Ordinary Shares constituting 1.23% of the Bank’s outstanding Ordinary Shares. The transaction was executed on the Beirut Stock Exchange pursuant to a preliminary approval granted by the Central Bank of Lebanon, acting through its Central Council, on the 2nd of December 2015; - The transaction was executed on September 20, 2016 for value date September 23, 2016. - Deutsche Bank Trust Company Americas will issue GDRs against the purchased Shares for the benefit of the seller, hence no change in the ultimate economic ownership will result from the aforementioned transaction; - After giving effect to the aforementioned transaction, the number of shares held by Deutsche Bank Trust Company Americas and represented by GDRs, becomes 119,924,761 shares representing 30% of Bank Audi’s issued and outstanding Ordinary Shares. - Shares and GDRs held by the seller at the time of the transaction represent less than 5% of the Bank’s issued and outstanding Ordinary Shares.
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Bank of Beirut S.A.L- Thursday September 22, 2016:
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The holders of Bank of Beirut Preferred shares Class (K) are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Tuesday October 11, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Draft the By-Laws of the Assembly of holders of Preferred Shares Class (K). - Nominate the representatives of the Assembly. Other topics.
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BLC Bank S.A.L.- Monday September 19, 2016:
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In reference to the letter issued by BLC Bank SAL and addressed to the Beirut Stock Exchange related to the completion of the procedures undertaken to execute the repurchase and cancellation of the 400,000 preferred shares class A and the substitution of the nominal value of the cancelled shares in the capital of the Bank through the issuance of 400,000 common shares, with a nominal value of LBP 1,000 each, to be distributed for free to common shareholders on record as at September 21, 2016, pro-rata to their contribution in the common shares of the bank, the Beirut Stock Exchange declares that the Ex-date for BLC Common shares is Monday, September 19, 2016.(Circular 429/2016)
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Beirut Stock Exchange –Friday September 16, 2016:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2016 and any other overdue fees before 30/12/2016. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 16/12/2016 to send one of its representatives to collect the check, against an official receipt.
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Rasamny Younis Motor Company S.A.L. – Thursday September 15, 2016:
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Rasamny Younis Motor Company S.A.L. publishes the minutes of the Annual Ordinary General Assembly of shareholders of June 23, 2016. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Wednesday September 14, 2016:
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The Board of Directors of BLC Bank SAL invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Thursday, September 22, 2016 at the Bank’s Head Office, Adlieh in order to examine the following agenda: - Verify the adequate completion of all actions undertaken to execute the repurchase and cancellation of the Preferred shares Class (A). - Verify the adequate completion of the procedures for the increase in the Bank’s Capital through the issuance of Preferred shares Class (D). - Adopt the amendments of some articles of the By-Laws to reflect the Capital increase. - Other topics
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Eid Al Adha – September 12 & 13, 2016:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on the 12th and 13th of September 2016. Trading will be resumed on the 14th of September 2016.
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BLC Bank S.A.L.- Wednesday August 31, 2016:
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Based on the decision of the Board of Directors of BLC Bank S.A.L. related to the cancellation of the Preferred shares Class A, and based on the approval of the Central Bank of Lebanon on the process of redemption and cancellation of the mentioned shares, the Beirut Stock Exchange decided to cease trading in BLC Bank S.A.L. Preferred shares Class “A”. Circular 427/2016
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BLC Bank S.A.L.- Wednesday August 31, 2016:
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BLC Bank S.A.L. informs applicants who signed requests for subscription in Preferred Shares Class D that copies of the prospectus are available in the Headquarters of the Bank and in all its branches. Applicants can get a copy of the prospectus during regular working hours starting August 31, 2016 till September 5, 2016.
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Byblos Bank S.A.L. - Tuesday August 30, 2016:
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The holders of Byblos Bank S.A.L. common shares are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 12 noon on Friday, 30 September 2016, in order to discuss and decide on the following agenda:1. Approval of the acquisition of the assets, rights, liabilities and obligations of Banque Pharaon & Chiha S.A.L. in accordance with Article 10 of Law 192/93. 2. Miscellaneous.
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Bank Audi S.A.L- Tuesday August 30, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended June 30, 2016. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L- Monday August 29, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on August 25, 2016 and resolved to approve the adequate completion of all actions and procedures undertaken to increase the Bank’s capital from LBP 109,378,674,000 to LBP 115,218,674,000 through the issuance of 4,000,000 new preferred shares labeled “preferred shares series K” and declare that the capital of Bank of Beirut SAL is now LBP 115,218,674,000 fully paid. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Monday August 29, 2016:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL convened on July 11, 2016 and decided to increase the capital of the Bank from LBP 214,000,000,000 to LBP 214,750,000,000 through the issuance of /750,000/ perpetual, non-cumulative preferred Shares to be labeled Preferred Shares Class (D). These shares shall have a par value of LBP 1,000 each and an issue price of USD 100 per share. Holders of Preferred Shares Class (A), Preferred Shares Class (B) & Preferred Shares Class (C) will have priority right to subscribe in the new preferred shares. Holders of Preferred Shares Class (D) will receive non-cumulative annual distribution of 6.75% of the issue price, to be adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. The Extraordinary General Assembly of shareholders also decided to list all of the /750,000/ Preferred Shares Class (D) in the Beirut Stock Exchange. Finally the Extraordinary General Assembly decided to repurchase and cancel all the 400,000 Preferred shares class (A) and to substitute the nominal value of the cancelled shares in the capital of the Bank through the issuance of 400,000 common shares, with a nominal value of LBP 1,000 per share, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank and by transferring the amount of capital increase from the general reserve account to the capital account. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Tuesday August 23, 2016:
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The Board of Directors of BLC Bank S.A.L. convened on August 11, 2016 and resolved to approve the adequate completion of all formalities undertaken to execute: (1) the issuance and distribution of the 60,000,000 new common shares to shareholders and (2) the increase of the Bank’s capital from LBP 154,000,000,000 to LBP 214,000,000,000 through the incorporation of an amount equivalent to the nominal value of the new shares from the legal and free reserve accounts. (Minutes of meeting Arabic)
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BLC Bank S.A.L.- Tuesday August 23, 2016:
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. convened on June 03, 2016 and resolved to increase the Capital of the bank from LBP 154,000,000,000 to LBP 214,000,000,000, hence an increase of LBP 60,000,000,000. This increase will be accomplished through the issuance of 60,000,000 new common shares, with a nominal value of LBP 1,000 per share, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank and by transferring the amount of capital increase from the legal and free reserve accounts to the capital account. (Minutes of the meeting Arabic)
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Ciments Blancs S.A.L – Friday August 19, 2016:
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Societe Libanaise des Ciments Blancs SAL publishes the minutes of the Ordinary General Assembly of shareholders of June 22, 2016. (Minutes of the meeting Arabic)
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BLOM Bank S.A.L. – Thursday August 18, 2016:
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On 12 August, 2016 a BLOM Bank shareholder, represented in the Board of Directors (Shaker Holdings SAL), sold 5,025,000 common shares of BLOM Bank at a price of USD 9.90 per share totaling USD 49,747,500.00. The shares were bought by BLOM Bank for its stock following approval by Banque du Liban.
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Bank Audi S.A.L- Wednesday August 17, 2016
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Bank Audi sal publishes Excerpt of the minutes of the Ordinary General Assembly of shareholders of April 8, 2016. (Arabic)
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Bank Audi S.A.L- Friday August 12, 2016:
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Odea Bank successfully completed the capital increase of TL 1.0 billion, after obtaining necessary corporate and regulatory approvals, including that of the Banking Regulation and Supervision Agency (BRSA). (More)
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Byblos Bank S.A.L. - Friday August 12, 2016:
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Byblos Bank SAL publishes the minutes of the Ordinary General Assembly of shareholders of April 26, 2016. (Minutes of the meeting)
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Assumption of the Virgin Mary - Monday August 15, 2016:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Monday, August 15, 2016.
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Bank of Beirut S.A.L- Thursday August 11, 2016:
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Bank of Beirut SAL publishes the minutes of the Ordinary General Assembly of shareholders of May 5, 2016. (Minutes of the meeting Arabic)
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Bank of Beirut S.A.L- Wednesday August 10, 2016:
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Subscription in series (K) preferred shares: Subscription period: From Monday August 08, 2016 at 8:30 am till Saturday August 13, 2016 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Conditions and rules of Subscription: Number of series (K) preferred shares: /4,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,460/ as nominal value and the balance as issue premium. Subscription should be executed in total units with a minimum of one unit per subscriber. Every unit is constituted of /100/ series (K) preferred shares, with an issue price per unit of USD /2,500/. Subscription price should be paid in cash on the subscription day. Priority right in subscription: Holders of preferred shares series “G”,”H”,”I” and “J” have priority right to subscribe in the preferred shares series “K”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Holders of commons shares and holders of priority shares series 2014 do not possess any priority right to subscribe in the series K preferred shares; however, while retaining the priority right for subscription given to the holders of series “G”, “H”, “I” and “J” as stated above, holders of common shares, priority shares series 2014 and the public including holders of preferred shares series “G”,”H”,”I” and “J” are entitled to subscribe in the remaining series K preferred shares. Record date to fix priority right: Saturday August 13, 2016. Terms of series K preferred shares: Please refer to the Marketing Brochures related to these shares that are available at all branches of Bank of Beirut SAL.
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Solidere SAL- Monday August 08, 2016:
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Solidere SAL publishes the minutes of the Ordinary General Assembly of shareholders of June 27, 2016. (Minutes of the meeting Arabic).
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Bank of Beirut S.A.L- Friday August 05, 2016:
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The shareholders of Bank of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 3:00 p.m. on Thursday, August 25, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Verify the adequate subscription for and full payment of series K preferred shares. – Confirm the adequate completion of the procedures for the increase in the Bank’s capital from LBP /109,378,674,000/ to LBP /115,218,674,000/. Declare that the capital of Bank of Beirut SAL is LBP /115,218,674,000/. - Other topics.
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Banque Bemo S.A.L. – Tuesday August 02, 2016
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 7, 2016 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2015 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2015. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2015 amounting LBP /3,693,375/; (USD 2,450,000) and distribute to the holders of Common shares an amount of LBP /3,683,102/ (LBP /60/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2015. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit and the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. – Elect Dr. Riad Bechara Obegi, Mr. Samih Halim Saadeh, Sheikh Hassan Issam Kabbani, Mr. Antoine Youssef Mansour Wakim, Mr. Peter Ara Hrechdakian, Mr. Derek Abdel Kader Al Zein, Ms. Karine S. Mansour Obegi and Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. to the Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2019 to approve the accounts of the year 2018. - Fix the attendance fees of the members of the Board of Directors for the year 2016 and the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2016. Minutes of the meeting (Arabic)
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HOLCIM LIban S.A.L.- Tuesday July 26, 2016:
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The Extraordinary General Assembly of shareholders of Holcim (Liban) SAL held on December 14, 2010 decided to reduce the capital of the company from LBP 195,160,400,000 to LBP 97,580,200,000; noting that the company is registered under number 140 in the commercial register of Beirut and its fiscal number is 12253. Any stakeholder can file his/her objection or remarks within a period of three months from the date of the announcement. (Official Gazette – Number 35 – July 07, 2016). Minutes of the meeting (Arabic)
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BLOM Bank S.A.L. – Monday July 25, 2016:
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BLOM Bank S.A.L. announces that it has been in discussions with HSBC regarding an acquisition of HSBC’s operations in Lebanon. At this stage there can be no certainty that a binding agreement in relation to the Transaction will become effective. A further announcement will be made when appropriate.
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HOLCIM LIban S.A.L.- Monday July 18, 2016:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 7, 2016 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2015 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2015. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2015 amounting LBP /3,693,375/; (USD 2,450,000) and distribute to the holders of Common shares an amount of LBP /3,683,102/ (LBP /60/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2015. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit and the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. – Elect Dr. Riad Bechara Obegi, Mr. Samih Halim Saadeh, Sheikh Hassan Issam Kabbani, Mr. Antoine Youssef Mansour Wakim, Mr. Peter Ara Hrechdakian, Mr. Derek Abdel Kader Al Zein, Ms. Karine S. Mansour Obegi and Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. to the Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2019 to approve the accounts of the year 2018. - Fix the attendance fees of the members of the Board of Directors for the year 2016 and the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2016. Minutes of the meeting (Arabic)
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Bank of Beirut S.A.L- Monday July 11, 2016:
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The Beirut Stock Exchange decided to list, as of July 13, 2016, additional /923,950/ common shares out of the /2,717,500/ common shares issued, through a private placement, by Bank Of Beirut SAL. These shares will be added to the previously listed shares; therefore the total number of listed common shares of Bank of Beirut SAL becomes /17,746,417/ common listed shares. Note that the Bank’s share capital is composed as follows: /53,184,900/ Common shares (17,746,417 shares are listed and 35,438,483 are not listed), 4,762,000 Priority shares (100% listed), 3,570,000 Preferred shares class G (not listed), 5,400,000 Preferred shares class H (100% listed), 5,000,000 Preferred shares class I (100% listed) and 3,000,000 Preferred shares class J (100% listed).
Circular 424/2016
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HOLCIM LIban S.A.L.- Monday July 11, 2016:
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In reference to the announcement issued by Holcim (Liban) SAL related to the distribution of the 2015 dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007, the Beirut Stock Exchange declares that the Shares of the company will be traded with coupon Nb. 10 till the end of the trading session of Monday July 11, 2016 (included). Starting the trading session of Tuesday July 12, 2016, shares will be traded without coupon Nb.10.
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Ciments Blancs S.A.L – Monday July 11, 2016.
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In reference to the announcement issued by Societe Libanaise des Ciments Blancs SAL related to the distribution of the 2015 dividends, the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 11 till the end of the trading session of Monday July 11, 2016 (included). Starting the trading session of Tuesday July 12, 2016, shares will be traded without coupon Nb.11. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 11, 2016. Starting the trading session of July 12, 2016, (Ex-dividends date) shares will be traded without the above stated dividends.
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Eid Al Fitr – July 6 & 7, 2016
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Wednesday, July 06, 2016 and Thursday, July 07, 2016.
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Ciments Blancs S.A.L.- Tuesday July 5, 2016:
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In implementation of the resolution of the Ordinary General Assembly held on June 22, 2016 related to the distribution of the 2015 dividends in exchange of coupon Nb.11 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /433/ per share (net of distribution tax), will be paid starting July 15, 2016 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.11 from the shares issued on 05/01/1998 through Banque Libano Francaise: 1 - Geitawi Branch –Beirut, 2 - Jbeil Branch –Jbeil, 3 - Al Tall Branch – Tripoli. Record date for Nominal Shares is July 14, 2016.
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HOLCIM LIban S.A.L.- Tuesday July 5, 2016:
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In implementation of the resolution of the Ordinary General Assembly held on June 15, 2016 related to the distribution of the 2015 dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007, Holcim (Liban) SAL announces that the dividends set at LBP /1219/ per share (net of distribution tax), will be paid starting July 15, 2016 as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007 through the following banks: 1) Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli) & 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 15, 2016 till December 20, 2016. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery.
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BLC Bank S.A.L.- Friday 1 July, 2016:
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The Board of Directors of BLC Bank SAL invites shareholders to attend an Extraordinary General Assembly to be held at 11:30 a.m. on Monday, July 11, 2016 at the Bank’s Head Office, Adlieh in order to examine the following agenda: - Increase the Bank’s capital through the issuance of Preferred shares to be labeled series “D” and fix the value, conditions, provisions and details of this increase. – List the Preferred shares series “D” in the regulated financial markets. – Redeem and cancel the preferred shares series “A”. – Amend the Bank’s By-Laws in order to reflect the foregoing. – Grant the Chairman and/or the Board the necessary powers to perform the foregoing. – Other subject.
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Bank Audi S.A.L- Tuesday June 28, 2016:
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Odea Bank, Turkey’s leading challenger bank, is being boosted by support from international financial institutions in a move that will take it to the next stage of growth. IFC, a member of the World Bank Group, the IFC Financial Institutions Growth Fund (FIG Fund), a private equity fund managed by IFC Asset Management Company (AMC), and EBRD will become shareholders of Odea Bank, a subsidiary of Lebanon’s Bank Audi Group through a subscription to a TL 1.0 billion capital increase of the lender. more…
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Solidere SAL – Tuesday June 28, 2016
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The Ordinary General Assembly of shareholders held a meeting on Monday, June 27, 2016 in Downtown Beirut and decided to approve the financial statements for the year ended December 31, 2015. The chairman of the Board of Directors, Dr. Nasser Chamaa said that despite the negative results of the past year, the year 2016 began to witness positive and encouraging signs as the sale of land in Beirut is in a remarkable improvement, the value of sales reached $ 158 million to date and is expected to exceed $ 211 million dollars by the end of the year. The chairman of the Board clarified that the positive financial result of Solidere International, through most of the projects expected to be accomplished during the year 2016 in the Kingdom of Saudi Arabia and the United Arab Emirates, was an important catalyst for the company. Dr. Chamaa has confirmed that the liquidity of the company will reach, during the next three years, the range of $ 750 million that is expected to be distributed mostly to shareholders, noting that Solidere owns about 39% of the capital of Solidere International. Based on these financial indicators the Ordinary General Assembly decided to distribute total dividends of approximately USD 35 million from the retained profit through the distribution of USD 0.1 per share in addition to one free share for every 80 shares held. Dividends will be paid starting October 03, 2016 for the holders of shares as at July 18, 2016 (Record date); therefore the Ex-dividend date will be on July 14, 2016. Then managers introduced shareholders to the most prominent projects in progress, emphasized the soundness of the company's financial position and the correctness of investment outside Lebanon, as Solidere International is experiencing a great development through its diverse portfolio of projects.
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Rasamny Younis Motor Company S.A.L. – Friday June 24,2016:
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The Ordinary General Assembly of Rasamny Younis Motor Company S.A.L. held on 23/06/2016 declared a gross dividend distribution of LBP /4,504,500,000/; LBP /165/ per share before distribution tax (5%). Dividends will be paid starting October 03, 2016 after deducting the 5% withholding tax, for the holders of Series B Common shares as at September 30, 2016 (record date), according to the records of Midclear. Shares will trade ex-dividend starting September 28, 2016.
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HOLCIM LIban S.A.L.- Thursday June 16, 2016:
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The Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 15, 2016 declared a dividend distribution of LBP /1,219/ per share (net of distribution tax) in exchange of coupon Nb.10 from the shares issued on 14/05/2007. Payment date will be announced at a future date.
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BLC Bank S.A.L.- Wednesday June 15, 2016:
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The Annual Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on June 03, 2016 resolved to approve the bank’s accounts for the year 2015 and declared a total distribution of LBP 15,395,343,750 as dividends to the holders of preferred shares as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.4125 per share. III - Important dates: 09 June 2016: Dividend record date. 07 June 2016: Ex-dividend date. 10 June 2016: Dividend payment date. The Assembly after having read the special report of the Board and the special reports of the auditors approved all transactions mentioned in these reports. In addition, the Ordinary General Assembly elected Mr. Maurice Sehnaoui, Mr. Nadim Kassar, Mr. Adnan Kassar, Mr. Adel Kassar, Mr. Nabil Kassar, Me. Walid Daouk, Mr. Nazem El Khoury, Mr. Mansour Bteish, Me. Walid Ziade, Mr. Henry De Courtivron, Me. Ziyad Baroud, Mrs. Youmna Ziade to the Board of Directors for a three year mandate ending upon holding the Annual General Assembly that will examine the accounts of the year 2018. Finally, the General Assembly decided to appoint Deloitte & Touche and FMO Fiduciaire du Moyen as auditors for the years 2016, 2017 and 2018.
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Banque BEMO S.A.L. – Wednesday June 08, 2016:
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In Reference to the announcement issued by Banque BEMO SAL related to the distribution of dividends for the holders of shares on record as at June 14, 2016, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is June 10, 2016.
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Banque BEMO S.A.L. – Wednesday June 08, 2016:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on June 07, 2016 and approved the distribution of dividends for the year 2015 amounting to LBP 7,376 million as follows: To Holders of Common Shares - LBP 60 per share (LBP 57 net of 5% distribution tax). To Holders of Preferred Shares Class 2013 - USD 7 per share (USD 6.65 net of 5% distribution tax). Dividends will be paid starting June 21, 2016 after deducting the 5% distribution tax, for the holders of Common and Preferred shares as at June 14, 2016 (Record Date), according to the records of Midclear S.A.L.
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Solidere SAL- Tuesday June 07, 2016:
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As the Ordinary General Assembly was invited to meet for the first time on June 06, 2016 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on June 27, 2016 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2015. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2015. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2015. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2015. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday July 18, 2016 at Biel Downtown.
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BLC Bank S.A.L.- Monday June 06, 2016:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on June 03, 2016 resolved to approve the bank’s accounts for the year 2015 and declared distribution of dividends as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.4125 per share. III - Important dates: 09 June 2016: Dividend record date. 07 June 2016: Ex-dividend date. 10 June 2016: Dividend payment date.
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Bank Audi S.A.L- Friday May 27, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements as at and for the period ended March 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L- Friday May 27, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 26, 2016 and decided to increase the capital of the Bank from LBP 109,378,674,000 to LBP 115,218,674,000 through the issuance of /4,000,000/ new preferred Shares to be labeled Preferred Shares Class (K). These shares shall have a par value of LBP 1,460 each and an issue price of USD 25 per share. Holders of Preferred Shares Class (G), Preferred Shares Class (H), Preferred Shares Class (I) & Preferred Shares Class (J) will have the right to subscribe, on a priority basis, to the issue of Class (K) preferred shares, pro rata to their holdings of the total share capital of the bank. Subscription shall be done with full units constituted of 100 preferred shares class (K) each, with a minimum subscription of one unit per subscriber. Holders of Preferred Shares Class (K) will receive non-cumulative annual distribution of 6.5% of the issuance price. The Extraordinary General Assembly of shareholders also decided to list all of the /4,000,000/ Preferred Shares Class (K) in the Beirut Stock Exchange.
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Resistance and Liberation Day -Wednesday, May 25, 2016.
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On the occasion of Resistance and Liberation Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 25, 2016.
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BLC Bank S.A.L.- Friday May 13, 2016:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Friday, June 03, 2016 at the Bank’s head office to discuss the following agenda: - Increase the Bank’s capital by an amount of LBP 60 billion through incorporation of reserve. - Amend the By-laws accordingly. - Other topics.
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Rasamny Younis Motor Company S.A.L. – Wednesday May 18, 2016:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. took the decision to call the shareholders of the Company to hold the Annual General Assembly Meeting on Thursday, June 23, 2016 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2015. - Examine the Auditors’ General and Special reports for the year 2015. - Approve the accounts of the year 2015 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2015. - Elect new Board. - Give prior authorization to the Board members according to articles 158 and 159 of the Code of Commerce. - Give the Board of Directors the authorization to take credits from banks. - Fix the remunerations of the Chairman and Directors for the year 2016. - Appoint the External Auditor for the year 2016 and fix his remuneration. - Any matters which could arise
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Solidere SAL- Monday May 16, 2016:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday June 06, 2016 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2015. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2015. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2015. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2015. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday June 27, 2016 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, July 18, 2016 at Biel Downtown.
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BLC Bank S.A.L.- Friday May 13, 2016:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday June 03, 2016, at the Bank’s Head Office to discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2015. - Examine the Reports of the Auditors for the fiscal year 2015. - Give proper approval as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the accounts for the fiscal year 2015. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Elect new Board members. - Appoint the auditors. - Other topics.
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S. L. des Ciments Blancs S.A.L.- Thursday May 12, 2016:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Annual Ordinary General Assembly Meeting at 10 am on Wednesday, June 22, 2016 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: - Approve the financial statements for the year 2015 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2015. - Examine and approve the Auditors’ report for the year 2015. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2016 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least seven days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period.
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HOLCIM LIban S.A.L.- Thursday May 12, 2016:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday, June 15, 2016 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2015 and give the Board of Directors complete clearance for the business of the year 2015. - Approve the report of the Board of Directors for the year ended December 31, 2015. - Approve the report of the Auditors for the year ended December 31, 2015. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2016 and determine their fees. Distribute Dividends. - Give the authorization to the Directors in accordance with the provisions of article 29 of the company’s by-laws. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period.
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Byblos Bank S.A.L. - Wednesday May 11, 2016:
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Byblos Bank announced that it has completed the acquisition of 99.18% of the shares of Banque Pharaon & Chiha. The shares were mainly acquired following the assignment by Messrs. Raymond Samir Zina Rahmeh and Teddy Samir Zina Rahmeh (collectively known as ZR Group) to Byblos Bank of their shares and rights under share purchase agreements entered into with the former shareholders of Banque Pharaon & Chiha. The consideration is based on a valuation of 100% of the issued share capital of Banque Pharaon & Chiha at USD 91 million. ZR Group has received the preliminary authorization from Banque du Liban to acquire directly or through a holding company especially registered for this purpose, up to 5.6% of the common shares of Byblos Bank calculated on the basis of a share price equal to 125% of Byblos Bank’s audited book value as at 31 December 2015....... For full report
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Bank Audi SAL- Wednesday May 11, 2016:
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There have been some press reports regarding the potential relocation of the Group’s headquarters outside Lebanon. Bank Audi wishes to clarify the following: - No decision has been made by Bank Audi regarding such matter. - If and when a decision is made, in keeping with its disclosure policy and applicable legal requirements, Bank Audi will make an announcement. Until that time, any discussion is pure speculation. - Bank Audi regularly considers strategic options to enhance shareholders’ value and benefit its other constituencies, especially its clients. - As the largest banking group in Lebanon, Bank Audi is keen to continuously strengthen its leadership in Lebanon which is at the core of its franchise and success. Lebanon is the main development pillar of the Group under the sound regulation and efficient supervision of the Central Bank of Lebanon.
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Bank of Beirut S.A.L- Monday May 9, 2016:
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The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Increase the Bank’s capital through the issuance of new non-cumulative, perpetual, redeemable preferred shares to be labeled series K, and define the remaining terms of these shares. – Amend some articles of the Bank’s By-Laws according to the capital increase. – Other topics.
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Bank of Beirut S.A.L- Monday May 9, 2016:
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The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Verify the correct completion of the subscription in the new common shares. – Make sure that all the procedures executed to increase the Bank’s capital are correct. – Announce that the capital of Bank Of Beirut SAL became LBP109,378,674,000. – Other topics.
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Bank of Beirut S.A.L.- Thursday May 05, 2016:
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In Reference to the announcement issued by Bank of Beirut SAL related to the distribution of dividends for the holders of shares on record as at May 10, 2016, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is May 06, 2016.
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Bank of Beirut S.A.L.- Thursday May 05, 2016:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2016 and resolved to approve the Bank’s accounts for the year 2015 and declared distribution of dividends as follows: 1- Preferred Shares: An amount of USD/35,996,625/distributed as follows: - To Holders of Series “E” Preferred Shares: A total amount of USD/4,800,000/on the basis of USD 2.00 per share before distribution tax at the rate of 5%. - To Holders of Series “G” Preferred Shares: : A total amount of USD/8,434,125/on the basis of USD 2.3625 per share before distribution tax at the rate of 5%. - To Holders of Series “H” Preferred Shares: : A total amount of USD/9,450,000/on the basis of USD 1.75 per share before distribution tax at the rate of 5%. - To Holders of Series “I” Preferred Shares: : A total amount of USD/8,437,500/on the basis of USD 1.6875 per share before distribution tax at the rate of is 5%. - To Holders of Series “J” Preferred Shares: : A total amount of USD/4,875,000/on the basis of USD 1.6250 per share before distribution tax at the rate of 5%. 2- Priority Shares Class 2014: Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at the rate of 5%. 3- Common Shares: Dividends amounting to LBP /49,706,460,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 900 per share before distribution tax at the rate of 5%. Dividends will be paid through Midclear S.A.L. starting May 11, 2016 until May 20, 2016 for the holders of shares as at 10/05/2016 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date is May 06, 2016.
As for Preferred shares Series “E”, the records of Midclear S.A.L. as at December 30, 2015 (the redemption date of these shares) will be adopted.
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Banque BEMO S.A.L. - Thursday May 05, 2016:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual General Assembly Meeting that will be held at 9:00 am on Tuesday, June 7, 2016 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Examine the Board of Director’s general Report for the year 2015. - Examine the Auditors’ Report for the year 2015. - Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2015 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements till 31/12/2015. - Elect new members to the Board of directors. - Give full discharge to the President and members of the Board of directors for the year 2015. - Fix the remunerations of the President – General Manager for the year 2016. - Fix the remunerations of the Board of directors for the year 2016. - Assign External Auditors and fix their remunerations. - Other subjects. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Byblos Bank S.A.L. - Wednesday April 27, 2016:
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In reference to the announcement issued by Byblos Bank S.A.L. related to the decision of the Annual Ordinary General Assembly of shareholders of April 26, 2016 to distribute dividends for the holders of shares on record as at May 4th, 2016 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Byblos Bank S.A.L. is Thursday, April 28, 2016.
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Byblos Bank S.A.L. - Wednesday April 27, 2016:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 26 April 2016 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2015 as follows: For Common Shareholders: LBP 200 per share (LBP 190 Net of 5% withholding tax). For Preferred Shareholders Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax), Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax). Such dividends will be paid on or about 5 May 2016 after deducting the 5% withholding tax, to shareholders as at 4 May 2016 (record date), according to the records of Midclear (the Central Depository). For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax and other expenses starting 10 May 2016.
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Bank of Beirut S.A.L.- Monday April 18, 2016:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 11 a.m., on Thursday May 5, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the fiscal year 2015. - Approve the Auditors’ reports for the fiscal year 2015. - Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2015. - Appropriate the bank’s profits for the year 2015. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2015. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. - Other subjects.
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BLOM Bank S.A.L. - Friday April 15, 2016:
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In reference to the announcement issued by BLOM Bank SAL related to the decision of the Annual Ordinary General Assembly of shareholders of April 14, 2016 to distribute dividends starting April 20, 2016 for the holders of preferred shares series 2011 and starting April 21, 2016 for the holders of common shares and that for shareholders on record as at April 20, 2016 (Record date for all classes of shares), the Beirut Stock Exchange declares that: (i) the Ex-dividend date of the shares and GDRs of BLOM Bank SAL is Monday, April 18, 2016. (ii) Trading in BLOM Bank preferred shares series 2011will be suspended exceptionally for the trading session of Friday, April 15, 2016.
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BLOM Bank S.A.L. - Friday April 15, 2016:
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The Ordinary General Assembly of Shareholders of BLOM Bank s.a.l. convened on April 14, 2016 at the Bank’s Headquarters and approved the accounts of the Bank for 2015 and the distribution of dividends and returns amounting to LBP 273,539,889 thousand as follows: - To Holders of Preferred Shares series 2011: USD 0.7 per share. - To Holders of Common Listed Shares: LBP 1250 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Preferred Shares series 2011: USD 0.665 per share. - To Holders of Common Listed Shares: LBP 1187,50 per share. - Payment shall take place through Midclear S.A.L., starting the 20th of April, 2016 for the holders of Preferred Shares series 2011 and 21st of April, 2016 for the holders of Common Listed Shares as at April 20, 2016 according to the records of Midclear S.A.L. (Record Date). Regarding BLOM GDR Holders, the profit share are expected to be settled by BANK OF NEW YORK MELLON starting May 2nd, 2016.
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De-listing of a maturing Eurobond Issue – Wednesday April 13, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday April 19, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 69 worth USD /600.000.000/ carrying an Interest rate of 4.50% and maturing on April 22, 2016.
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Bank Audi SAL- Monday April 11, 2016:
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In reference to the announcement issued by Bank Audi SAL dated April 08, 2016 related to the decision of the Annual Ordinary General Assembly of shareholders of April 08, 2016 to distribute dividends for the holders of shares on record as at April 13, 2016 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Bank Audi SAL is Monday, April 11, 2016.
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Bank Audi SAL- Friday April 8, 2016:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 8, 2016 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new 3 year mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2018).
The Board of Directors is composed as follows:
H.E. Mr. Raymond W. Audi; Dr. Marwan M. Ghandour; Dr. Freddie C. Baz; Mr. Samir N. Hanna; Sheikha Suad H. Al Homaizi; Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Imad I. Itani; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar.
The newly elected Board convened following the General Assembly and resolved, amongst other things, to:
(i) re-elect:
- H.E. Mr. Raymond W. Audi as Chairman of the Board – General Manager;
- Dr. Marwan M. Ghandour as Vice-Chairman;
- Dr. Freddie C. Baz as Vice-Chairman;
(ii) confirm the re-appointment of the General Managers including the re-appointment of Mr. Samir N. Hanna (Group CEO – General Manager).
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Bank Audi SAL – Friday April 8, 2016
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The Ordinary General Assembly of Shareholders of Bank Audi SAL convened on April 8, 2016 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2015 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “F” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Common Shares: a total of LBP 241 Billion on the basis of LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “F” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. - To Holders of Series “G” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.631 Million on the basis of USD 6.175 per share. - To Holders of Common Shares: a total of LBP 229 Billion on the basis of LBP 572.85 per share. Dividends will be paid through Midclear SAL starting April 14, 2016 for the holders of shares as at April 13, 2016 (Record Date), according to the records of Midclear SAL
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Feast of Annunciation – Monday April 4, 2016
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, April 4, 2016.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 23 March 2016, to propose to the Ordinary General Assembly convened to meet on 26 April 2016 at the Bank’s Headquarters, the distribution of dividends for the year 2015 as follows:
For Common Shareholders:
• LBP 200 per share (Before withholding tax)
For Preferred Shareholders:
• Class 2008: USD 8 per share; (Before withholding tax)
• Class 2009: USD 8 per share; (Before withholding tax)
Subject to the Ordinary General Assembly’s approval, the dividends will be paid on or about 5 May 2016 after deducting the withholding tax, to shareholders as at 4 May 2016 (record date), according to the records of Midclear (the Central Depository).
For GDR holders:
• LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 10 May 2016.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Tuesday, 26 April 2016, in order to discuss and decide on the matters listed in the following agenda: - To hear the general and special Board reports for the fiscal year 2015. - To hear the Auditors’ general and special reports for the fiscal year 2015. - To advise on the accounts of the fiscal year 2015 and on the allocation of its results. - To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2015. - To advise on the election of a new Board of Directors. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2015 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2016 all the operations described in the special report of the Board of Directors and the Auditors. - To advise on the determination of the auditors’ remuneration and the directors and Board committee members for the fiscal year 2016. - Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2015, general and special reports of both the Board and the Auditors for the fiscal year 2015, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Tuesday, 26 April 2016, in order to discuss and decide on the matters listed in the following agenda:- To hear the general and special Board reports for the fiscal year 2015. -To hear the Auditors’ general and special reports for the fiscal year 2015. -To approve the accounts of the fiscal year 2015 and on the allocation of its results.- To discharge the chairman and Board members for their administrative duties during the fiscal year 2015. -To approve the operations performed between the Board members and the Bank during the fiscal year 2015 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2016 all the operations described in the special report of the Board of Directors and the Auditors. -To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2016.- Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2015, general and special reports of both the Board and the Auditors for the fiscal year 2015, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Good Friday and Easter Holidays – March 25 & 28 2016:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the 25th & 28th of March, 2016.
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BLOM Bank S.A.L. - Wednesday March 23, 2016:
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The Board of Directors of BLOM Bank took the decision to call the shareholders of the Bank to hold the Annual General Assembly on Thursday, April 14th, 2016 at 11.00 a.m. at the Bank’s Headquarters and fixed the agenda of the meeting as follows:1) Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2015.2) Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit.3) Approve the accounts stated on 31.12.2015 and allocate the results of the financial year.4) Give full and final discharge to the President and to the Directors.5) Fix the remunerations of the President and of the Directors.6) Fix the remunerations of the Group Secretary and the General Managers.7) Fix the remunerations of the President of Blom Bank Group.8) Grant the Board of Directors authorities according to the laws in force ad especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code.9) Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code.10) Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2015; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1250 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0,70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Ordinary Shares (Record Date April 20, 2016. Payment Date: April 21, 2016) Preferred Shares (Record Date April 20, 2016. Payment Date April 20, 2016).
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Bank Audi SAL- Tuesday March 22, 2016:
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The Board of Directors of Bank Audi invites all holders of ordinary shares to attend an Ordinary Gen. Assembly to be held at 10:30 a.m. on April 8, 2016 at the Bank’s Head Office in order to examine the following agenda:-To approve the Bank’s accounts for the year 2015, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year 2015; -To appropriate the 2015 profits in accordance with the proposal of the Board of Directors; -To declare distributions to the holders of the Bank’s preferred shares and dividends to the holders of Common Shares and determine the related record and payment dates; -To ratify loans granted during 2015 to related parties as per Article 152 of the Code of Money and Credit; -To authorize the granting of loans to related parties during the year 2016, in accordance with Article 152 of the Code of Money and Credit; -To ratify transactions that are subject to the approval of the General Meeting including transactions entered into between the Bank and members of the Board of Directors or affiliated companies during the year 2015 that are subject to Article 158 of the Code of Commerce and to authorize the Bank to enter into similar transactions during 2016; -To elect a new Board of Directors and to determine the remuneration of its members; -To confirm the managerial responsibilities of certain Board members and to determine their fixed and performance-related remuneration in respect of such responsibilities; -To authorize the participation of certain Board members in the boards of other companies and to grant the necessary related authorizations pursuant to Article 159 of the Code of Commerce; and -To appoint the External Auditors for the coming 3 years and to determine their fees for 2016. Shareholders can download the Annual Report from Bank Audi’s Website: www.bankaudigroup.com.
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Bank Audi SAL- Tuesday March 22, 2016:
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Bank Audi sal’s Annual Report for the year ended 31 December 2015 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal
Audi Plaza – Bab Idriss
Beirut 2021 8102 - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link: http://www.bankaudi.com.lb/Library/Assets/BA15AnnualReport.pdf
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Bank Audi SAL- Tuesday March 22, 2016:
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In its meeting held on March 21, 2016, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 14, 2016 to holders of common shares as at April 13, 2016 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. - Monday March 21, 2016
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Thursday, April 14th, 2016 at 11.00 a.m. in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2015.- Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2015 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. - Any matters which could arise. knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1250 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 20, 2016 Payment Date April 21, 2016. ii) Preferred shares - Record Date, April 20, 2016 Payment Date April 20, 2016.
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BLOM Bank S.A.L. - Monday March 21, 2016
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In its meeting on 18 March 2016, the Board of Directors of BLOM Bank recommended to the General Assembly which will be held on 14/04/2016 to distribute 1,250 L.L. as dividend per share on its common shares and Global Depository Receipts for the year 2015. Note that BLOM Bank’s net profit for 2015 was US$ 404.66 Million.
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Bank Audi SAL- Friday March 18, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended December 31, 2015. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L.- Monday March 14, 2016:
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The Beirut Stock Exchange decided to de-list the /2,400,000/ Preferred Shares Class “E” of Bank of Beirut SAL from the official market of the stock exchange, and took note of the Bank’s capital increase from LBP/105,185,154,000/ to LBP /105,411,124,000/; thus the distribution of the Bank’s capital becomes as follows: - Common shares (listed) /16,822,467/ - Common shares (unlisted) /33,644,933/ – Priority shares (listed) /4,762,000/ - Preferred shares Class G (unlisted) /3,570,000/ - Preferred shares Class H (listed) /5,400,000/ – Preferred shares Class I (listed) /5,000,000/ - Preferred shares Class J (listed) /3,000,000/. All shares have a nominal value of LBP/1,460/ per share.
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Bank of Beirut S.A.L.- Friday March 4, 2016:
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The shareholders of Bank of Beirut SAL are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday, March 21, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to examine the following agenda: - The increase of the Capital of Bank of Beirut S.A.L. by issuing new common shares reserved to some subscribers. - The amendment of some of the bank’s by laws. - Other subjects.
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BLOM Bank S.A.L. - Wednesday March 2, 2016:
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BLOM Invest Bank SAL announced that on March 01, 2016, the bank executed eight trading transactions totaling 20,063.470 shares of the common shares of BLOM Bank SAL at a price of USD 9.6 per share. These transactions were the result of the liquidation of AZA HOLDING Co. which owns common shares of BLOM Bank SAL and the transfer of ownership of these shares to the shareholders of this company.
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St. Maroun's Day- Tuesday February 09, 2016:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2016.
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Bank Audi SAL- Monday February 08, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of February 08, 2016 /1,250,000/ GDRs linked to the shares of Bank Audi SAL. These GDRs will be deducted from the previously listed /116,238,117/ GDRs; therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /114,988,117/ GDRs.
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BLOM Bank S.A.L. - Saturday January 30, 2016:
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BLOM Bank S.A.L. publishes its Consolidated Unaudited Financial Statements for the year ended December 31, 2015. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BS-Q4-2015-ENG.pdf
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BLC Bank SAL – Friday January 22, 2016:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m. on Thursday February 4, 2016, at the Bank’s Head Office to discuss the following agenda: (i) Authorize the granting of a loan of USD 40 million to Merit Corporation SAL. (ii) Other subject.
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Bank of Beirut S.A.L.- Wednesday January 13, 2016:
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The shareholders of Bank of Beirut S.A.L. attended an Ordinary General Assembly meeting held exceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown and decided to elect Mr. Ramzi Saliba and Mr. Robert Sursock to the Board of Directors for the remaining period of the Board.
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Bank of Beirut S.A.L.- Wednesday January 13, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut held a meeting on January 7, 2016 and resolved to approve the cancellation of all preferred shares class (E), the substitution of the nominal value of the cancelled shares in the capital of the Bank through the incorporation of free reserves, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly resolved to approve the increase of the capital of the Bank to become LBP 105,411,124,000 through the incorporation of free reserve, resulting in a nominal value of each share of LBP 1,460.
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De-listing of a maturing Eurobond Issue – Tuesday January 12, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday January 14, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 40 worth USD /750.000.000/ carrying an Interest rate of 8.50% and maturing on January 19, 2016.
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Last Trading Day at the Beirut Stock Exchange for 2015- Wednesday December 30, 2015:
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Wednesday December 30, 2015 will be the last trading day at the Beirut Stock Exchange for the year 2015; therefore there will be no trading on Thursday, December 31, 2015. Likewise, there will be no trading on Friday, January 01, 2016. Trading will be resumed on Monday, January 04, 2016.
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Bank of Beirut S.A.L.- Monday December 28, 2015:
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Based on the decision of the Board of Directors of Bank Of Beirut SAL related to the cancellation of the Series “E” Preferred shares on the last working day of the year 2015, and based on the approval of the Central Bank of Lebanon on the process of redemption and cancelation of the mentioned shares; the Beirut Stock Exchange decided to cease trading in Bank of Beirut Preferred Shares Series “E”.
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Christmas Day – Friday December 25, 2015:
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On the occasion of Christmas Day, there will be no trading at the Beirut Stock Exchange on Friday, December 25, 2015.
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Prophet’s Birthday – Wednesday December 23, 2015:
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On the occasion of the Prophet's Birthday, there will be no trading at the Beirut Stock Exchange on Wednesday, December 23, 2015.
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Bank of Beirut S.A.L.- Monday December 21, 2015:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly Meeting to be held exceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Elect 2 new members to the Board of Directors. - Other subjects.
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Bank of Beirut S.A.L.- Monday December 21, 2015:
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The shareholders of Bank of Beirut are invited to attend an Extraordinary General Assembly Meeting to be held at 3 p.m., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Cancel the Preferred Shares Class “E”. - Increase the Capital of Bank of Beirut S.A.L. according to the repurchase and cancellation of the Preferred Shares Class (E) and amend some articles of the By-laws accordingly. - Other subjects
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Independence Day – Monday November 23, 2015:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Monday, November 23, 2015.
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Bank Audi SAL- Thursday November 12, 2015:
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Bank Audi sal announces that its wholly-owned subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2015. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L.- Thursday October 29, 2015:
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The Board of Directors of Bank of Beirut S.A.L. held a meeting on Saturday, September 26, 2015, at the Bank's Head Office, Foch St, Beirut Downtown and decided to repurchase the /2,400,000/ Preferred Shares Class E on the last working day of the year 2015.
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Hegria New Year – Wednesday October 14, 2015:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Wednesday, October 14, 2015.
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Bank of Beirut S.A.L.- Wednesday October 7, 2015:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares Class E that the Board of Directors decided in its meeting held on 26/09/2015, pursuant to Article B4, 4th paragraph of the 3rd decision taken by the Extraordinary General Assembly of shareholders of 13/11/2008, to redeem the Class E Preferred shares.
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Trading Session of October 01, 2015
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Further to our previous notice, the Beirut Stock Exchange would like to clarify that the cause of halting the trading session of October 01, 2015 was determined to be an electrical issue that affected the trading system of the stock exchange. Trading will be resumed normally on October 02, 2015.
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Trading Session of October 01, 2015
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Due to a technical issue there was no trading at the Beirut Stock Exchange on Thursday, October 01, 2015.
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Eid Al Adha – September 24 & 25, 2015:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on the 24th and 25th of September 2015. Trading will be resumed on Monday, September 28, 2015
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Bank Audi SAL- Wednesday September 23, 2015:
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The Beirut Stock Exchange decided to De-list the /1,500,000/ Preferred Shares Class “E” of Bank Audi SAL from the official market of the stock exchange, and to take note of the Bank’s capital increase from LBP/667,836,186,600/ to LBP/668,194,681,824/; thus the distribution of the Bank’s capital becomes as follows: - Common shares /399,749,204/ with a nominal value of LBP/1656/ per share – Preferred shares Class F /1,500,000/ with a nominal value of LBP/1656/ per share – Preferred shares Class G /1,500,000/ with a nominal value of LBP/1656/ per share – Preferred shares Class H /750,000/ with a nominal value of LBP/1656/ per share.
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Beirut Stock Exchange –Wednesday September 16, 2015:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2015 and any other overdue fees before 30/12/2015. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
• At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours.
• Or by calling the BSE administration at phone No. 01-993555, before 16/12/2015 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL- Thursday September 10, 2015:
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The Extraordinary General Assembly of shareholders of Bank Audi SAL held a meeting on Tuesday, September 09, 2015 and resolved to: (I) Confirm and approve the adequate completion of all formalities and actions undertaken to execute the cancellation of Series “E” Preferred Shares and the increase of capital . (II) Declare that Bank Audi’s capital is now L.L. 668,194,681,824, fully paid and divided into 403,499,204 nominal shares having a par value of L.L. 1,656 each. (III) Declare, pursuant to the above, that the amendment of articles 6 and 8 of the Bank’s By-laws as per the second resolution of the Extraordinary General Meeting held on June 9, 2015 is now effective. (IV) Grant discharge to the Chairman and members of the Board of Directors in respect of all activities related to the cancellation of the Series “E” Preferred Shares and the capital increase through the increase of the nominal value of each share and grant each of the Chairman of the Board – General Manager, Mr. Raymond Audi, and the member of the Board - General Manager, Mr. Samir Hanna, acting jointly or severally, and/or any other person empowered by any of them, the power to carry out all legal formalities and the publication, registration and execution of all related documents in application of this resolution with the authority to further delegate all or part of the aforementioned powers hereby granted to them..
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Prime Minister's decision - Wednesday September 9, 2015
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In reference to the decision of the Prime Minister to close all state institutions on September 9, 2015 due to the sandstorm, the Beirut Stock Exchange will be closed on that day. Trading will be resumed on Thursday, September 10, 2015.
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MENA Invest SAL- Friday August 28, 2015:
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As per the decision number 12057 of the Central Bank of Lebanon dated August 22, 2015, related to the elimination of MENA Invest SAL form the list of financial institution, the Beirut Stock Exchange decided to de-list MENA Invest SAL from its list of authorized brokers. The above mentioned decision becomes effective upon publication.
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Bank Audi SAL- Friday August 21, 2015:
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The Board of Directors of Bank Audi sal invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 8, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The verification of the adequate implementation of the first resolution adopted by the Extraordinary General Meeting of shareholders held on June 9, 2015 in connection with the cancellation of the Series “E” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,656; and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Cancellation and Capital Increase.
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Byblos Bank S.A.L. - Thursday August 06, 2015:
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The Secretariat of the Board of Directors of Byblos Bank S.A.L. announced that the Board of Directors, in line with the development and growth of the Bank’s business in Lebanon and abroad, passed during its meeting held on 25 July 2015 two resolutions approving the election of Dr. François Bassil as Chairman of Byblos Group, and the election of Mr. Semaan Bassil as Chairman of the Board and General Manager of Byblos Bank S.A.L.
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De-listing of a maturing Eurobond Issue – Thursday July 28, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday August 03, 2015 the Lebanese Republic Eurobonds Issue labeled Series #50 worth USD /500.000.000/ carrying an Interest rate of 8.50% and maturing on August 06, 2015.
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Eid Al Fitr – July 17 & 18, 2015
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Friday July 17, 2015. Trading will be resumed on Monday, July 20, 2015.
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Solidere- Tuesday July 14, 2015:
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The Ordinary General Assembly of shareholders held a meeting on Monday, July 13, 2015 in Downtown Beirut and decided to: (i) Approve the financial statements for the year ended December 31, 2014 that revealed net profits of USD 96.9 million. (ii) Discharge the chairman and members of the board from any liability for matters relating to the company’s management for the previous period. (iii) Distribute total dividends of USD //52,875,411// through the distribution of USD 0.1 per Class A or Class B share in addition to one free Class A and/or Class B share for every 50 shares of the same class. Dividends will be paid starting October 12, 2015 for the holders of shares as at July 31, 2015 (Record date); therefore the Ex-dividend date will be on July 29, 2015. Accordingly, the value of distribution will be the equivalent of USD 0.33 for every Class A or Class B share before the distribution tax; USD 0.31 after the 5% distribution tax. On the other hand the General Assembly elected: Nasser Chammaa, Maher Beydoun, Fadi Al Boustany, Maher Daouk, Raja Salameh, Basile Yared, Makram Abboud, Mounir Doueidy, Raphael Sabbagha, Joseph Asseily and Pierre Kamel to the Board of Directors. After that members of the Board held a meeting and reelected Dr. Nasser Chamaa a Chairman - General Manager, Mr. Fadi Nabil Al Boustany and Mr. MaherYoussef Beydoun vice-Chairmans and Mr. Raphael Sabbagha General Secretary.
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Holcim (Liban) S.A.L. – Friday June 26, 2015:
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In implementation of the resolution of the Ordinary General Assembly held on 28/05/2015 related to the distribution of the 2014 dividends in exchange of coupon Nb.9 from the shares issued on 14/05/2007, Holcim (Liban) SAL announces that the dividends set at LBP /2135/ per share (net of distribution tax), will be paid starting July 6th as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.9 from the shares issued on 14/05/2007 through the following banks: 1- Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli). 2 - Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 6, 2015 till December 20, 2015. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Shares will trade without coupon Nb.9 starting the trading session of July 1, 2015 (Ex-Dividend date).
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Société Libanaise des Ciments Blancs sal - Friday June 26, 2015:
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In implementation of the resolution of the Ordinary General Assembly held on 18/06/2015 related to the distribution of the 2014 dividends in exchange of coupon Nb.10 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that dividends set at LBP /505/ per share (net of distribution tax), will be paid starting July 6th as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.10 from the shares issued on 05/01/1998 through Banque Libano Francaise: Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli, from July 6, 2015 till December 20, 2015. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. N.B.: (i) Bearer Shares will trade without coupon Nb.10 starting the trading session of July 1, 2015 (Ex-Dividend date). (ii) Record date for Nominal Shares is July 3, 2015. Starting the trading session of July 1, 2015 (Ex-Dividend date) shares will be traded without the above stated dividends.
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Rasamny Younis Motor Company S.A.L. – Wednesday June 24, 2015:
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The Ordinary General Assembly of Rasamny Younis Motor Company S.A.L. held on 19/06/2015 approved on the distribution of dividends for the year 2014 for the gross amount of LBP /3,767,400,000/; LBP /138/ per share before distribution tax (5%). Such dividends will be paid starting October 02, 2015 after deducting the 5% withholding tax, to holders of Series B Common shares as at September 30, 2015 (record date), according to the records of Midclear. Shares will trade ex-dividend starting September 28, 2015.
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Solidere- Tuesday June 23, 2015:
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As the Ordinary General Assembly was invited to meet for the first time on June 22, 2015 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on July 13, 2015 at Biel Downtown.
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Bank Audi SAL- Thursday June 11, 2015:
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On June 9, 2015, the Extraordinary General Assembly of Shareholders of Bank Audi SAL held a meeting at the Bank's Head Office in Beirut, Lebanon and decided to: 1) Cancel all of the Series “E” Preferred Shares and increase of the Bank’s Capital in order to round the nominal value of each individual Share up to LBP 1,656. 2) Amend Articles 6 and 8 of the By Laws to reflect the cancellation of the Series “E” Preferred Shares. 3) Submit the above resolutions for approval by the Central Bank of Lebanon. 4) Grant the Chairman and the Group Chief Executive officer of the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions.
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De-listing of a maturing Eurobond Issue – Wednesday June 03, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday June 9, 2015 the Lebanese Republic Eurobonds Issue labeled Series number 64 worth USD /500.000.000/ carrying an Interest rate of 4.10% and maturing on June 12, 2015.
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Holcim (Liban) S.A.L. – Monday June 01, 2015
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The Ordinary General Assembly of
shareholders of Holcim (Liban) SAL held on May 28, 2015 declared
a dividend distribution of LBP /2,135/ per share (net of distribution tax) in exchange of coupon Nb.9 from the shares
issued on 14/05/2007. Payment date will be announced at a future date.
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Banque BEMO S.A.L. – Monday June 01, 2015:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on April 29, 2015 and approved the distribution of dividends for 2014 amounting to LBP 6,793 million as follows: To Holders of Common Shares: LBP 50 per share (LBP 47.5 net of the distribution tax of 5%). To Holders of Preferred Shares Class 2013: USD 7 per share (USD 6.65 net of the distribution tax of 5%). Dividends will be paid starting June 9, 2015 after deducting the 5% distribution tax, for the Holders of Common and Preferred shares as at June 4, 2015 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date of the mentioned shares is June 2, 2015.
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Solidere- Thursday May 28, 2015:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday, June 22, 2015 at Biel Downtown to discuss the following agenda: 1) Examine the Board of Director’s Report for 2014. 2) Examine the Auditors’ Reports on the Financial Statements and the Consolidated Financial Statements for 2014. 3) Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2014 and allocate the results. 4) Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors authorization stipulated in articles 158 and 159 of the Code of Commerce. 5) Give full discharge to the Chairman and to the Directors for 2014. 6) Elect new Board of Directors and fix their remunerations. 7) Designate the Auditors and fix their remuneration. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 13, 2015 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, August 3, 2015 at Biel Downtown.
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Bank Audi SAL- Friday May 22, 2015:
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The Board of Directors of Bank Audi sal invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday June 9, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The Cancellation of the series “E” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL1,656; 2. Amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing; 3. Submission of the actions described in items 1 and 2 for approval by the Central Bank of Lebanon acting through its Central Council; and 4. Granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to perform all acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi SAL- Friday May 22, 2015:
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Based on the decision of the Board of Directors of Bank Audi SAL related to the Cancellation of the Series “E” Preferred Shares and to the increase of the Bank’s Capital in order to round the nominal value of each share to become LBP 1,656; The Beirut Stock Exchange decided to cease trading in Bank Audi Preferred Shares Series “E” as of the end of the trading session of Friday, May 22, 2015.
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Société Libanaise des Ciments Blancs sal - Tuesday May 19, 2015:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Annual Ordinary General Assembly Meeting at 10 am on Thursday, June 18, 2015 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: 1) Examine and approve the Board of Director’s report for the year 2014. 2) Examine and approve the Auditors’ report for the year 2014. 3) Approve the financial statement for the year 2014 and grant discharge to the Board of Directors. 4) Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. 5) Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. 6) Elect members to the Board of Directors. 7) Designate the External Auditors for the year 2015 and fix their remunerations. 8) Distribute dividends.
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Rasamny Younis Motor Company S.A.L. – Monday May 18, 2015:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. convened on May 13, 2015 and took the decision to call the shareholders of the Company to hold the Annual General Assembly Meeting on Friday, June 19, 2015 at 5 p.m. at the Company’s Headquarters - Chiyah Boulevard, Galerie Semaan, to discuss the following agenda:1) Examine the Board of Director’s General and special reports for the year 2014. 2) Examine the Auditors’ General and special reports for the year 2014. 3) Approve the accounts of the year 2014 and allocate the results. 4) Give full discharge to the Chairman and to the Directors for the year 2014. 5) Approve the transactions between the company and some board members during the year 2014 and give prior authorization according to article 158 of the Code of Commerce based on the Board of Director’s special report. 6) Give prior authorization to the Board members according to article 159 of the Code of Commerce. 7) Give the Board of Directors the authorization to take credits from banks. 8) Fix the remunerations of the Chairman and of the Directors for the year 2015. 9) Designate the External Auditor for the year 2015 and fix his remuneration. 10) Approve to guarantee Rasarya Real estate for investment S.A.L. and commit to pay its liabilities for Bank Audi S.A.L. 11) Approve to issue a printed copy of the By-Laws of the company that include all previous amendments. 12) Any issue which could arise.
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Byblos Bank S.A.L. - Monday May 18, 2015:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 15 May 2015 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2014 for the gross amount of LBP 161,551 million distributed as follows: For Common Shareholders: LBP 200 per share (LBP 190 Net of 5% withholding tax). For Preferred Shareholders: Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax). Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax). Such dividends will be paid on or about 22 May 2015 after deducting the 5% withholding tax, to shareholders as at 20 May 2015 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 May 2015. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5% withholding tax and other expenses starting 27 May 2015.
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BLC Bank SAL – Wednesday May 13, 2015:
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The Annual Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on May 12, 2015 and resolved to approve the bank’s accounts for the year 2014 and declare distribution of dividends as follows: 1- Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C:USD 6.75 per share. Common Shares: (LBP 130 per share - subject to the approval of Banque Du Liban). 2-Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.41 per share. Common Shares: (LBP 123.5 per share - subject to the approval of Banque Du Liban). 3-Important dates: 15 May 2015: Dividend record date. 13 May 2015: Ex-dividend date. 16 May 2015: Dividend payment date for Preferred Shares Classes A, B & C. Dividend payment date for Common shares is 5 Business days after the date of the approval of Banque Du Liban. .
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Resistance and Liberation Day- Monday May 25, 2015:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Monday, May 25, 2015. Trading will be resumed on Tuesday May 26, 2015.
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Banque BEMO S.A.L. – Thursday May 07, 2015:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual General Assembly Meeting that will be held at 9:00 am on Friday, May 29, 2015 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: 1) Examine the Board of Director’s general Report for the year 2014. 2) Examine the Auditors’ Report for the year 2014. 3) Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. 4) Examine and approve the accounts for the year 2014 and allocate the results. 5) Approve the Consolidated Financial Statements till 31/12/2014. 6) Elect a new member to the Board of directors. 7) Give full discharge to the President and members of the Board of directors for the year 2014. 8) Fix the remunerations of the President – General Manager for the year 2015. 9) Fix the remunerations of the Board of directors for the year 2015. 10) Fix the remunerations of the External Auditors. 11) Other subjects. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Bank Audi SAL- Tueday May 05, 2015:
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Bank Audi sal’s Annual Report for the year ended 31 December 2014 (the “Annual Report”) is available from the address below:
The Corporate Secretary
Bank Audi sal
Audi Plaza – Bab Idriss
Beirut 2021 8102 - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link:
http://www.bankaudigroup.com/group/annual-reports
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Labor Day –Friday May 01, 2015:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Friday, May 01, 2015. Trading will be resumed on Monday, May 04, 2015.
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BLC Bank SAL – Monday April 27, 2015:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 noon, on Tuesday May 12, 2015, at the Bank’s Head Office to discuss the following agenda: - Examine the Board of Director’s General and private Reports for the fiscal year 2014.- Examine the Auditors’ General and private Reports for the fiscal year 2014.- Give proper approval as per Articles 158 &159 of the Code of Commerce and article 152 of the Code of Money and Credit. - Approve the accounts for the fiscal year 2014. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Fix the remunerations of the Chairman and members of the Board of Directors. - Any matters which could arise.
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Bank of Beirut S.A.L.- Monday April 27, 2015:
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In Reference to the announcement issued by Bank of Beirut SAL related to the distribution of dividends for the holders of shares on record as at April 30, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 28, 2015.
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Bank of Beirut S.A.L.- Monday April 27, 2015:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on April 24, 2015 and resolved to approve the Bank’s accounts for the year 2014 and declared distribution of dividends as follows:- To Holders of Series “E” Preferred Shares: USD 2.00 per share- To Holders of Series “F” Preferred Shares: USD 2.00 per share- To Holders of Series “G” Preferred Shares: USD 2.36 per share- To Holders of Series “H” Preferred Shares: USD 1.75 per share- To Holders of Series “H” Preferred Shares: USD 1.69 per share- To Holders of Priority Shares Class 2014: “Priority dividend” of USD 0.26 per share that represents 4.00% of the Issue price amounted USD 21.00 per share for the period from September 8, 2014, (The date of the Extraordinary General Assembly Meeting that verified the Capital increase by issuing Priority Shares Class 2014) until 31/12/2014. To Holders of Common Shares: LBP 900 per share
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:- To Holders of Series “E” Preferred Shares: USD 1.90 per share- To Holders of Series “F” Preferred Shares: USD 1.90 per share- To Holders of Series “G” Preferred Shares: USD 2.24 per share- To Holders of Series “H” Preferred Shares: USD 1.66 per share- To Holders of Series “I” Preferred Shares: USD 1.61 per share- To Holders of Priority Shares Class 2014: “Priority dividend” USD 0.25 per share- To Holders of Common Shares: LBP 855 per shareDividends will be paid through Midclear S.A.L. starting May 1, 2015 until May 12, 2015 for the holders of shares as at April 30, 2015 (Record Date), according to the records of Midclear S.A.L. As for the holders of Series “F”, the records of Midclear S.A.L. as at December 26, 2014, the redemption date of these shares will be used.
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Byblos Bank S.A.L. - Wednesday April 22, 2015:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 17 April 2015, to propose to the Ordinary General Assembly convened to meet on 15 May 2015 at the Bank’s Headquarters, the distribution of dividends for the year 2014 as follows: For Common Shareholders LBP 200 per share (Before withholding tax). For Preferred Shareholders: - Class 2008: USD 8 per share; (Before withholding tax). Class 2009: USD 8 per share; (Before withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 22 May 2015 after deducting the withholding tax, to shareholders as at 20 May 2015 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 May 2015. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 27 May 2015.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed in the following agenda:
1. To hear the Board of Directors’ general and special reports for the fiscal year 2014.
2. To hear the Auditors’ general and special reports for the fiscal year 2014.
3. To advise on the accounts of the fiscal year 2014 and on the allocation of its results.
4. To advise on the discharge of the chairman and Board members for their management duties during the fiscal year 2014.
5. To advise on the election of a new Board of Directors.
6. To advise on the operations performed between the Board members and the Bank during the fiscal year 2014 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2015 all the operations described in the special report of the Board of Directors and the Auditors.
7. To advise on appointment of the Auditors for 2014, 2015 and 2016.
8. To advise on the determination of the remuneration of the Auditors’ and the emoluments of the Board members and Board committee members for the fiscal year 2015.
9. Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2014, general and special reports of both the Board and the Auditors for the fiscal year 2014, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed in the following agenda:
1. To hear the Board of Directors’ general and special reports for the fiscal year 2014.
2. To hear the Auditors’ general and special reports for the fiscal year 2014.
3. To approve the accounts of the fiscal year 2014 and allocate its results.
4. To discharge the chairman and Board members for their management duties during the fiscal year 2014.
5. To elect a new Board of Directors.
6. To approve the operations performed between the Board members and the Bank during the fiscal year 2014 and authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2015 all the operations described in the special report of the Board of Directors and the Auditors.
7. To appoint the Auditors for 2014, 2015 and 2016.
8. To determine the remuneration of the Auditors’ and the emoluments of the Board members and Board committee members for the fiscal year 2015.
9. Miscellaneous.
The balance sheet, inventory, profit and loss account for the fiscal year 2014, general and special reports of both the Board and the Auditors for the fiscal year 2014, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The shareholders of Byblos Bank S.A.L. are invited to attend the extraordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 1:00 p.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed on the following agenda: - Insertion of article 34 bis in the Bank’s Articles of Association. - Miscellaneous.
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BLOM Bank SAL- Thursday April 16, 2015:
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In reference to the announcement issued by BLOM Bank SAL related to the distribution of dividends for the holders of shares on record as at April 22, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 20, 2015.
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BLOM Bank SAL- Thursday April 16, 2015:
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The Ordinary General Assembly of Shareholders of BLOM Bank s.a.l. convened on April 15, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare distribution of LBP231,478,123,000 as dividends in the following way: - To holders of Preferred Shares Class 2011: USD 0.7 per share. - To Holders of Ordinary Shares: LBP 1000 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Preferred Shares Class 2011: USD 0.665 per share. - To Holders of Ordinary Shares: LBP 950 per share. The agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 22, 2015 Payment Date April 23, 2015. ii) Preferred shares - Record Date, April 22, 2015 Payment Date April 22, 2015.
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Holcim (Liban) S.A.L. – Wednesday April 15, 2015:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 28, 2015 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2014. - Approve the report of the Auditors for the year ended December 31, 2014. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2014 and give the Board of Directors complete clearance for the business of this year. - Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce.- Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2015 and fix their fees.- Distribute Dividends. - Give authorization to the directors in accordance with the provisions of article 29 of the by-laws.
To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that proof that they deposited their shares in authorized banks. Owners of nominal shares and owners of bearer shares whose shares are deposited at the company against certificate of deposits, must register their names in the company's register within the same period.
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Bank of Beirut S.A.L.- Thursday April 9, 2015:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly Meeting to be held at 10:30 a.m., on Friday April 24, 2015, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Approve the reports of the Board of Directors for the fiscal year 2014. 2- Approve the Auditors’ reports for the fiscal year 2014. 3- Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2014. 4- Appropriate the bank’s profits for the year 2014. 5- Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2014. 6- Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. 7- Other subjects.
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Bank Audi SAL- Wednesday April 8, 2015:
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Reference to the announcement issued by Bank Audi SAL related to the distribution of dividends for the holders of shares on record as at April 14, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 8, 2015.
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Bank Audi SAL- Wednesday April 8, 2015:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. convened on April 7, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “E” Preferred Shares: USD 6 per share. - To Holders of Series “F” Preferred Shares: USD 6 per share. - To Holders of Series “G” Preferred Shares: USD 6 per share. - To Holders of Series “H” Preferred Shares: USD 6.5 per share. - To Holders of Common Shares: LBP 603 per share.
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “E” Preferred Shares: USD 5.7 per share. - To Holders of Series “F” Preferred Shares: USD 5.7 per share. - To Holders of Series “G” Preferred Shares: USD 5.7 per share. - To Holders of Series “H” Preferred Shares: USD 6.175 per share. - To Holders of Common Shares: LBP 572.85 per share.
Dividends will be paid through Midclear S.A.L. starting April 15, 2015 for the holders of shares as at April 14, 2015 (Record Date), according to the records of Midclear S.A.L.
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Good Friday and Easter Holidays – April 3, 6, 10 & 13 2015:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: April 3, 6, 10 & 13, 2015.
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Bank of Beirut S.A.L.- Monday March 30, 2015:
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The holders of Bank of Beirut Preferred shares Class (J) are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Tueday April 14, 2015, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Draft the By-Laws for the Assembly of Preferred Shares Class (J). - Nominate the representatives of the Assembly. - Other subjects
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Feast of Annunciation – Wednesday March 25, 2015:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Wednesday, March 25, 2015.
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BLOM Bank S.A.L. - Monday March 23, 2015:
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The Board of Directors of BLOM Bank S.A.L convened on Friday, March 20, 2015 and took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 15, 2015 at 11.00 O’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L. building. The General Assembly of shareholders will fix the dividends to be distributed, relating to the Financial year 2014; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1000 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 22, 2015 Payment Date April 23, 2015. ii) Preferred shares - Record Date, April 22, 2015 Payment Date April 22, 2015.
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Bank Audi SAL- Monday March 23, 2015:
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Bank Audi s.a.l’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2014 (including the Auditors’ report and accompanying notes) can be downloaded from the Company’s website http://www.bankaudigroup.com/
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Bank Audi SAL- Friday March 20, 2015:
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In its meeting held on March 19, 2015, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 15, 2015 to holders of common shares as at April 14, 2015 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Bank Audi SAL- Friday March 20, 2015:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 7, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2014 and to examine the following agenda:1. To approve the Bank’s accounts, in particular, the balance sheet and the profit and loss statement, as of and for the year ended December 31, 2014, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year ended December 31, 2014;2. To appropriate the 2014 profits;3. To declare distributions to the holders of the Bank’s preferred shares and dividends to the holders of Common Shares and determine the related record and payment dates;4. To ratify loans granted during the year 2014 to related parties as per Article 152 of the Code of Money and Credit;5. To authorise the granting of loans to related parties during the year 2015, in accordance with Article 152 of the Code of Money and Credit;6. To ratify transactions entered into between the Bank and members of the Board of Directors or affiliated companies during the year ended December 31, 2014 pursuant to Article 158 of the Code of Commerce and to authorise the Bank to enter into similar transactions during the year 2015; 7. To confirm the managerial responsibilities of certain Board members and to determine their fixed and performance-related remuneration in respect of such responsibilities;8. To authorise the participation of certain Board members in the boards of other companies and to grant the necessary related authorisations pursuant to Article 159 of the Code of Commerce; and 9. To determine the External Auditors’ fees for the year 2015.
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The Arab Federation of Exchanges Equities Summit 2015 AFE Equities Summit 2015- April 22& 23, 2015
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The Arab Federation of Exchanges, in partnership with Thomson Reuters and Bahrain Bourse, cordially invite you to attend the “AFE Equities Summit 2015” to be held on April 22nd & 23rd, 2015 at the Ritz-Carlton Hotel, Manama – Kingdom of Bahrain. The Arab Federation of Exchanges (AFE) hosts its annual conference which plays an important role in uniting the leaders of the Arab financial markets with regional and international experts. This year AFE, in partnership with Thomson Reuters and Bahrain Bourse, will be raising the benchmark and turning this into an even bigger event encompassing all stakeholders within the Equities field. Summit hosts over 35 world-class speakers and panelists, on a regional and international level, providing highly relevant and interactive content and addressing all the important issues within the Equities space for all stakeholders involved, under one roof. Summit speakers include: - Dominique Cerutti, Chairman, Euronext. - Meyer "Sandy" Frucher, Vice Chairman, Nasdaq OMX. - Robert Shakotko, Managing Director, S&P Dow Jones Indices. - Deirdre Somers, Chief Executive Officer, Irish Stock Exchange. - Hüseyin Zafer, Acting Chief Executive Officer, Borsa Istanbul. - Chip Dempsey, Executive Director, Principal Strategic Investments, Morgan Stanley. - Sunil Benimadhu, Chief Executive, Stock Exchange of Mauritius. For Event details and registration: http://info.accelus.thomsonreuters.com/AFE-Home or visit: www.arab-exchanges.org
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Banque BEMO S.A.L. – Monday March 16, 2015:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held a meeting on Tuesday, February 10, 2015 and decided to Elect Mrs. Carinne Obegi and Mr. Derek Abed el kader El Zein to the Board of Directors for the period ending when the Ordinary General assembly will be held during the year 2016 to approve the accounts of the year 2015.
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Trading session of March 02, 2015
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Due to a technical issue, the trading session of today, March 02, 2015 will be rescheduled as follows: - Pre-opening phase: till 10:00 a.m. - Opening: 10:00 a.m. - Continuous trading session: from 10:00 a.m. till 12:30 p.m. - Closing: 12:30 p.m.
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St. Maroun's Day- Monday February 09, 2015:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2015.
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Bank of Beirut S.A.L.- Friday February 6, 2015:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /3,000,000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (J), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading is scheduled to start on Wednesday, February 11, 2015.
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Bank Audi SAL- Friday February 6, 2015:
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The Beirut Stock Exchange decided to list, as of February 11, 2015, an additional /722,264/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /115,515,853/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /116,238,117/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Banque BEMO S.A.L. – Thursday January 22, 2015
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the General Assembly Meeting that will be held at 9:00 am on Tuesday, February 10, 2015 at the Bank's Head office in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Elect new members to the Board of Directors. - Other subjects. Shareholders who want to participate in this General Assembly Meeting have to abide by the bank’s By-Laws and by the current laws and regulations.
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De-listing of a maturing Eurobond Issue – Friday January 9, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday January 12, 2015 the Lebanese Republic Eurobonds Issue labeled Series number 53 worth USD /250.000.000/ carrying an Interest rate of 5,875% and maturity on January 15, 2015.
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Armenian Christmas Day – Tuesday January 06, 2015
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Tuesday, January 06, 2015.
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Last Trading Day at the Beirut Stock Exchange for 2014- Tuesday December 30, 2014:
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Tuesday December 30, 2014 will be the last trading day at the Beirut Stock Exchange for the year 2014.
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Bank of Beirut S.A.L.- Monday December 29, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on December 26, 2014 and resolved to approve the adequate completion of all the procedures for the increase of the Bank’s capital through the issuance of the three million preferred shares class (J). In addition, the Extraordinary General Assembly of shareholders resolved to approve the cancellation of all preferred shares class (F), the substitution of the nominal value of the cancelled shares in the capital of the Bank through the incorporation of free reserves, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly resolved to approve the increase of the capital of the Bank to become LBP105,185,154,000 through the incorporation of free reserve, resulting in a nominal value of each share of LBP 1,410.
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BLC Finance SAL ends its activity as a broker in the BSE – Tuesday December 16, 2014:
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As per the request of BLC Finance SAL, the Beirut Stock Exchange decided to de-list the Company from its list of authorized brokers starting Tuesday, December 23, 2014.
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Rasamny Younis Motor Company S.A.L. – Thursday December 11, 2014:
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In implementation of the first decision of the Annual General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 26/06/2014, the company announces that it has distributed to shareholders on record as of 26/06/2014 an amount of LBP /3,767,400,000/; the equivalent to LBP /138/ per share before distribution tax.
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Banque BEMO S.A.L. – Wednesday December 10, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held exceptionally on October 24, 2014 decided to issue unsecured, subordinated Bonds under the following terms and conditions: status: subordinated Bonds. Form: Registered. Principal Amount: USD 25,000,000. Nominal Value per Bond: USD 10,000. Number of Bonds: 2,500. Subscription: Available to Lebanese and foreign persons and companies. Subscription period: From Monday December 15, 2014 till Saturday December 20, 2014 at 1 pm exactly. Those interested shall contact the head office of the bank in Beirut, Riad Al Solh Street, Al Assayli bldg. Guarantees: Issuing Bonds do not benefit from any personal or kind guarantees from the bank or from any entity associated to it. Rate of Interest: 6% per annum, this interest is subject to 5% current tax. Interest Dates: June 30 and December 31 in each year, commencing December 31, 2015 (which will include interest attributable to the entire previous period). Conversion and Partition: Bonds are indivisible and cannot be converted into shares. Sale of Bonds: Sale of Bonds is free without any restrictions. Maturity: January 04, 2021, bonds are non-refundable and non-redeemable in advance.
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Bank of Beirut S.A.L.- Friday December 5, 2014:
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Subscription in Preferred Shares Class (J) that will be issued by Bank Of Beirut SAL
Subscription period: From Friday December 12, 2014 at 8:30 am till Tuesday December 16, 2014 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Preferred Shares Class J: /3,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,350/ as nominal value and the balance as issue premium. Subscription should be executed in complete units constituted of 100 preferred shares class (J) each with an issue price of USD 2500 for each unit. Subscription price should be paid in cash upon subscription. Priority right in subscription: Holders of Preferred Shares Class (E), Preferred Shares Class (F), Preferred Shares Class (G), Preferred Shares Class (H) & Preferred Shares Class (I) will have priority right to subscribe, on a non-reducible basis, to the issue of Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank. Any preferred shares class (J) not subscribed to by holders of preferred shares class (E), (F), (G), (H) and (I) can be subscribed to by the holders of common shares, holders of priority shares, holders of preferred shares and by others. Holders of preferred shares as of the record date which is Wednesday, December 10, 2014 according to the records of Midclear SAL will have priority right, as stated here above, to subscribe in the preferred shares class (J).
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•Bank of Beirut S.A.L.- Friday December 5, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 12 p.m., on Friday January 26, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Verify the correct completion of the subscription in the new Preferred shares Class (J). - Make sure that all the procedures executed to increase the Bank’s Capital are correct. - Announce that the Capital of Bank of Beirut S.A.L became LBP /104,759,190,000/. - Increase Bank of Beirut S.A.L. capital according to the repurchase and cancellation of the Preferred Shares Class (F) and amend some articles of the By-laws accordingly. - Divers matters.
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Bank Audi SAL- Friday December 5, 2014:
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The Extraordinary General Meeting of shareholders of Bank Audi resolves, pursuant to its resolution dated September 23, 2014 to increase the Bank’s capital from LBP 525,769,215,996 to LBP 667,836,186,600 i.e. by an amount of LBP 142,066,970,604 through the increase of the nominal value of each share to become LBP 1,650 instead of LBP 1,299 to: - Confirm and approve the adequate completion of all formalities and actions undertaken to execute the above mentioned increase. – Declare that Bank Audi’s capital is now LBP 667,836,186,600 fully paid and divided into 404,749,204 nominal shares having a par value of LBP 1,650 per share. – Declare, pursuant to the above, that the amendment of article 6 of the Bank’s By-laws as per the third resolution of the Extraordinary General Meeting held on September 23, 2014 is now effective. – Grand discharge to the Chairman and members of the Board of Directors in respect of all actions relating to the capital increase through the increase of the nominal value of each share and grant each of the Chairman of the Board – General Manager, Mr. Raymond Audi, and the member of the Board – General Manager, Mr. Samir Hanna, acting jointly or severally, and any other person empowered by any of them, the power to carry out all legal formalities and to carry out the publication, registration and execution of all related documents (with the authority to further delegate all or part of the aforementioned powers hereby granted to them).
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Bank Audi SAL- Thursday November 27, 2014:
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The Beirut Stock Exchange decided to list, as of December 1, 2014, an additional /13,021,942/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /102,493,911/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /115,515,853/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Bank of Beirut S.A.L.- Wednesday November 19, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on November 17, 2014 and decided to increase the capital of the Bank from LBP 100,709,190,000 to LBP 104,759,190,000 through the issuance of /3,000,000/ new preferred Shares to be labeled Preferred Shares Class (J). These shares shall have a par value of LBP 1,350 and an issue price of USD 25 each. Holders of Preferred Shares Class (E), Preferred Shares Class (F), Preferred Shares Class (G), Preferred Shares Class (H) & Preferred Shares Class (I) will have priority right to subscribe, on a non reducible basis, to the issue of Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank. Any preferred shares class (J) not subscribed to by holders of preferred shares class (E), (F), (G), (H) and (I) can be subscribed to by the holders of common shares, holders of priority shares, holders of preferred shares and by others. Subscription shall be done with full units constituted of 100 preferred shares class (J) each, with a minimum subscription of one unit per subscriber. Holders of Preferred Shares Class (J) will receive non-cumulative annual distribution of 6.5% of the issue price. The Extraordinary General Assembly of shareholders also decided to list all of the /3,000,000/ Preferred Shares Class (J) in the Beirut Stock Exchange.
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Bank Audi SAL- Monday November 17, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Thursday December 4, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: The verification of the completion of the procedures for the increase of the Bank’s capital that was resolved by the Extraordinary General Meeting held on September 23, 2014 and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Capital Increase.
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Banque BEMO S.A.L. – Thursday November 14, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held exceptionally on October 24, 2014 decided to issue unsecured, subordinated Bonds under the following terms and conditions: status: subordinated Bonds. Form: Registered. Principal Amount: USD 25,000,000. Nominal Value per Bond: USD 10,000. Number of Bonds: 2,500. Subscription: Available to Lebanese and foreign persons and companies. Subscription period: to be defined by the Board of Directors of the Bank. Guarantees: Issuing Bonds do not benefit from any personal or kind guarantees from the bank or from any entity associated to it. Rate of Interest: 6% per annum. Interest Dates: June 30 and December 31 in each year, commencing December 31, 2015 (which will include interest attributable to the entire previous period). Conversion and Partition: Bonds are indivisible and cannot be converted into shares. Sale of Bonds: Sale of Bonds is free without any restrictions. Maturity: January 04, 2021, bonds are non-refundable and non-redeemable in advance.
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Bank Audi SAL- Friday November 7, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Achoura – Tuesday November 4, 2014:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, November 4, 2014.
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Bank of Beirut S.A.L.- Friday October 31, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 3:30 p.m., on Monday, November 17, 2014 at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Increase the bank’s capital by issuing new non cumulative, redeemable, preferred shares to be labeled Class “J”, and define the remaining terms of these shares. - Amend some articles of the Company’s by-laws according to the Capital increase. - Other subjects.
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Bank of Beirut S.A.L.- Tuesday October 14, 2014:
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The Beirut Stock Exchange decided to accept, as of Thursday, October 16, 2014 the listing, trading and pricing of the /4,762,000/ Priority Shares Class 2014, issued by Bank of Beirut SAL in the official market of the stock exchange. These shares constitute a special class of the Bank’s Common Shares that benefit, for a limited period, in addition to the rights and obligations devolving on the remaining Common Shares, from a non-cumulative priority dividend (4% of the $21 – issue price) adjusted on a pro rata basis for the year 2014 to reflect the period from the issue date until the end of the year.
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Eid Al Adha – October 4 till 6, 2014:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Monday, October 6, 2014. Trading will be resumed on Tuesday, October 7, 2014
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Banque BEMO S.A.L. – Thursday October 2, 2014:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held exceptionally at 9 am on Friday, October 24, 2014 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Discuss the issuance of subordinated bonds for a maximum amount of 25 million USD. - Other Subjects. shareholders willing to attend this Ordinary General Assembly that will be held exceptionally have to abide by the By-Laws of the bank and the applicable legal and organizational texts.
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Beirut Stock Exchange –Tuesday September 30, 2014:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2014 and any other overdue fees before 30/12/2014. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 16/12/2014 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL– Monday September 29, 2014:
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The Beirut Stock Exchange decided to approve, as of September 30, 2014 the listing, trading and pricing of an additional /50,000,000/ common shares issued by Bank Audi SAL on the official market of the Stock Exchange. Thus the Bank's total number of common and preferred shares becomes listed on the official market of the BSE.
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Société Libanaise des Ciments Blancs sal - Monday September 22, 2014:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 18/06/2014 and decided to: - Approve the report of the Board of Directors of the year 2013. - Approve the report of the Auditors of the year 2013. - Approve the Balance Sheet and Income Statement of the fiscal year 2013 and discharge the Board of Directors in respect of activities performed during 2013. - Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve all the operations mentioned in the report. - Approve the report of the auditors produced according to Article 158 of the Code of Commerce. - Reelect Mr. Jamil Bou Haroun to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2016. - Nominate Ernst & Young as Auditors for the fiscal year 2014. - Distribute gross dividends of LBP /515,79/ per share.
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Holcim (Liban) S.A.L. – Monday September 22, 2014:
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The Ordinary General Assembly of Shareholders of Holcim (Liban) SAL convened on June 11, 2014 and decided to: - Approve the report of the Board of Directors for the year ended on December 31, 2013. - Approve the report of the Auditors for the year ended on December 31, 2013. - Approve the Balance Sheet and Income Statement for the year ended on December 31, 2013 and gives the Board of Directors complete clearance for the business of this year. - Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce, approve all the operations of the company and give the Board of directors the authorization to renew these operations if necessary in the year 2014. - Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. - Re-elect Le Patriarcat Maronite d’Antioche et de tout l’Orient, Holcibel, Cement S.A.L. to the Board of Directors, for a 3 year period ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2016. - Re-elect Ernst & Young as Auditors for the fiscal year 2014. - Distribute Dividends: the equivalent of LBP /1,516/ gross, per share. - Approve the transactions noted in Article 29 of the By-Laws and give when necessary the Board of directors the authorization stipulated in this Article.
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Bank of Beirut S.A.L.- Thursday September 11, 2014:
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The members of the Board of Directors of Bank of Beirut S.A.L. held a meeting, on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown and resolved to: - Recommend to the Extraordinary General Assembly to increase the Bank’s capital by issuing non-cumulative, redeemable Preferred Shares to be labeled Preferred Shares Class (J). - Invite the Extraordinary General Assembly to meet at the Bank's Head Office, Foch St, Beirut Downtown. - Re-purchase all the Preferred Shares Class (F) issued by the bank on the recovery date; the last working day of 2014.
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Bank of Beirut S.A.L.- Thursday September 11, 2014:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares Class F that the Board of Directors decided in its meeting held on 08/09/2014, pursuant to article B4, fourth paragraph of the first decision taken by the Extraordinary General Assembly of shareholders held on July, 08, 2014, to redeem the Class F Preferred shares.
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Bank of Beirut S.A.L.- Wednesday September 10, 2014:
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The Extraordinary General Assembly of Bank of Beirut S.A.L. held on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown took the following decisions: - Verify the correct completion of the subscription in the new Priority shares Class 2014. - Confirm the completion of procedure for the increase in the Bank’s Capital from LBP /94,280,490,000/ to LBP /100,709,190,000/. - Announce that the Capital of Bank of Beirut S.A.L . became LBP /100,709,190,000/. - Transfer the amount of issue premium of the newly issued Priority Shares Class 2014 to the issue premium account. - Authorize the Chairman and / or the Vice-General Manager to execute the decisions of this Assembly.
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Bank Audi SAL– Monday September 08, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 23, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - the verification of the completion of the procedures for the increase of the Bank’s capital that was resolved by the Extraordinary General Meeting held on August 26, 2014 and the discharge of the Chairman of the Board of Directors of the Bank and the members of the Board of Directors in respect of activities related to the Capital Increase; - as a result of the aforementioned verification, increase the nominal value of all the shares comprising the share capital of the Bank to become LL 1,650 per share, through the incorporation of an equivalent portion of the issue premium resulting from the Capital Increase; - the amendment of the Bank’s By-Laws, in particular article 6, to reflect the actions described in item 2 above; - the submission of the actions described in items 2 and 3 for approval by the Central Bank of Lebanon, acting through its Central Council; and - the granting to the Chairman of the Board of Directors and/or the CEO of the Bank of the necessary powers to seek required approvals and to perform all other procedures and acts in pursuit of all of the foregoing resolutions.
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Bank Audi SAL– Friday August 29, 2014:
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The Extraordinary General Meeting of Shareholders of Bank Audi SAL held on August 26, 2014 has resolved to increase the Bank’s capital through the issuance of 50 million new common shares (the “New Shares”). Holders of common shares as of the Record Date which is September 1, 2014 according to the records of Midclear S.A.L. will have pre-emptive rights in respect of the initial allocation of 40 million New Shares. The subscription period will be from Monday, September 01, 2014 till Friday, September 12, 2014.
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Bank Audi SAL– Wednesday August 27, 2014:
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The Extraordinary General Meeting of Shareholders of Bank Audi SAL held on August 26, 2014 has resolved, subject to the Central Bank’s approval, to increase the Bank’s capital through the issuance of 50 million new common shares (the “New Shares”). Holders of common shares as of the Record Date which is September 1, 2014 according to the records of Midclear S.A.L. will have pre-emptive rights in respect of the initial allocation of 40 million New Shares. The subscription period will be announced in due course.
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Bank of Beirut S.A.L.- Monday August 25, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Verify the completion of the increase of the Bank’s Capital from LBP /94,280,490,000/ to LBP /100,709,190,000/. - Make sure that all the Capital increase transactions have been correctly executed. - Announce that Bank of Beirut S.A.L .Capital became LBP /100,709,190,000/. - Other subjects.
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Banque BEMO S.A.L. – Friday August 22, 2014:
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Further to the decision of the Extraordinary General Assembly of sharehoolders of Banque BEMO SAL dated 16/05/2014 that decided to cancel the /200,000/ Preferred Shares issued in 2006 and to increase the Bank’s Capital to LBP /62,599,400,000/ so that the nominal value per share will become LBP /1,004/, the Beirut Stock Exchange decided to de-list the /200,000/ Preferred Shares issued in 2006 from the official market of the BSE, as of the publication date of this circular.
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Bank of Beirut S.A.L.- Monday August 18, 2014:
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Subscription in Priority Shares Class 2014 that will be issued by Bank Of Beirut SAL
Subscription period: From Monday August 18, 2014 at 8:30 am till Thursday August 28, 2014 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Priority Shares Class 2014: /4,762,000/ shares. Price and rules of Subscription: USD /21/ per share divided into: LBP /1,350/ as nominal value and the balance as issue premium. Subscription should be executed in complete shares and the subscription price should be paid in cash upon subscription. Priority right in subscription: The holders of common shares will have a priority right to subscribe in the priority shares class 2014, on a non-reducible basis, according to the percentage of common shares they hold in the total number of common shares of the Bank’s capital and on a reducible basis, according to their contribution and within the limit of their reducible demands. Holders of preferred shares Class E, F, G, H & I do not possess any priority right to subscribe in the priority shares class 2014. However, while retaining the priority right for subscription given to the holders of common shares as stated above, the holders of preferred shares class E, F, G, H & I and the public, including holders of common shares, are entitled to subscribe in the remaining priority shares class 2014 provided that they subscribe by 12,000 priority shares class 2014 at least and 2,400,000 shares at most.
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Assumption of the Virgin Mary - Friday August 15, 2014:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Friday, August 15, 2014.
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Bank Audi SAL– Wednesday August 13, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Trading session of August 13, 2014
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Due to a technical issue, the trading session of today, August 13, 2014 will be rescheduled as follows: - Pre-opening phase: till 11:00 a.m. - Opening: 11:00 a.m. - Continuous trading session: from 11:00 a.m. till 12:30 p.m. - Closing: 12:30 p.m.
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Bank Audi SAL– Friday August 08, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday August 26, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - the increase of the Bank’s capital through the issuance of 50,000,000 Common Shares (the “New Shares”) and the determination of the amount, terms and conditions of said increase and its full, or partial, allocation; - the waiver of shareholders’ pre-emptive rights in respect of (i) up to 10,000,000 New Shares to be allocated to new shareholders and (ii) unexercised Rights, provided that, under this sub-clause (ii), shareholders will have pre-emptive rights in respect of the initial allocation of remaining New Shares pro rata to the number of Common Shares held by each shareholder; - the issuance of three warrants per New Share to purchase a share in the Bank’s subsidiary Odea Bank A.Ş.; - the listing of such newly-issued Common Shares on the Beirut Stock Exchange; - the amendment of the Bank’s By-Laws, including, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 4 above; - the submission of the actions described above for approval by the Lebanese regulatory authorities; and - the granting to the Board of Directors and to each of its Chairman and/or the CEO of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all of the foregoing resolutions.
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Eid Al Fitr - July 28, 29 & 30, 2014
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange from Monday July 28, 2014 till Wednesday july 30, 2014. Trading will be resumed on Thursday July 31, 2104
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Rasamny Younis Motor Company S.A.L. – Thursday July 24, 2014:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 26/06/2014 and decided to: - Approve the financial statements for the year 2013 and declare a dividend distribution of LBP /138/ per share (before distribution tax). - Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2013. - Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2014 until the Ordinary General Assembly approves the accounts of this year. - Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2014. - Specify yearly allocations for the Chairman and for every member of the Board of Directors. - Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2014.
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Société Libanaise des Ciments Blancs sal - Thursday July 17, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL held on 18/06/2014 related to the distribution of the 2013 dividends in exchange of coupon Nb.9 from the shares issued on 05/01/1998, the company announces that the dividends set at LBP /490/ per share (net of distribution tax), will be paid as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends through Banque Libano Francaise (Geitawi-Beirut or Jbeil-Jbeil or Tripoli- Al Tall), from July 25, 2014 till December 20, 2014. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 9 till the end of the trading session of Monday July 21, 2014 (included). Starting the trading session of Tuesday July 22, 2014, shares will be traded without coupon Nb.9. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 21, 2014 (included). Starting the trading session of Tuesday July 22, 2014, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim (Liban) S.A.L. – Thursday July 17, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2014 related to the distribution of the 2013 dividends in exchange of the coupon Nb.8 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,440/ per share (net of distribution tax) will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Geitawi/Beirut or Jbeil/Jbeil or Tripoli/Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: Till the end of the trading session of Monday 21/07/2014 (included): Trading the shares with Coupon Nb. 8 that means with the dividends related to the share decided by the Ordinary General Assembly dated 11/06/2014. Starting the trading session of Tuesday 22/07/2014: Trading the shares without Coupon Nb. 8 that means without the dividends related to the share decided by the Ordinary General Assembly dated 11/06/2014.
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Holcim (Liban) S.A.L. – Wednesday July 09, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2014 related to the distribution of the 2013 dividends in exchange of the coupon Nb.8 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,440/ per share (net of distribution tax) will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery.
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• Société Libanaise des Ciments Blancs sal - Wednesday July 09, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on 18/06/2014 related to the distribution of the 2013 dividends in exchange of coupon Nb.9 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /490/ per share (net of distribution tax), will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.9 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period dividend payment will be executed at the company’s Head Office in Hery.
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Solidere- Monday June 30, 2014:
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As the Ordinary General Assembly was invited to meet for the first time on June 27, 2014 but the quorum wasn’t reached, a second meeting was decided to be held at 9:30 am on July 21, 2014 at Biel Downtown.
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Banque BEMO S.A.L. – Wenesday June 18, 2014:
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Banque BEMO sal will redeem its Preferred Shares issued in 2006 as indicated in the following schedule: - Record Date: 16th May 2014. - Payment Date: 18th June 2014. - Value of Redemption: USD 20,000,000. - Value of Dividends (Net of Taxes): USD 1,520,000.00
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Solidere- Friday June 06, 2014:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday June 27, 2014 in Biel Downtown. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 21, 2014 in Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, August 12, 2014 in Biel Downtown.
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BLC Bank SAL – Monday June 02, 2014:
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The Ordinary General Assembly of BLC Bank S.A.L. convened on May 15, 2014 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2013. The Ordinary General Assembly declared dividends as follows: - To Holders of Preferred shares (A): USD 7.00 per share. - To Holders of Preferred shares (B): USD 7.00 per share. - To Holders of Preferred shares (C): USD 2.718 per share. The Ordinary General Assembly decided to give the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code and elected Mr. Henri de Courtivron and Me. Ziad Baroud to the Board of Directors for a period that will end with the current Board of Directors ruling period.
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Rasamny Younis Motor Company S.A.L. – Friday May 30, 2014:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Thursday June 26, 2014 at the company’s Head Office located in Chiyah Boulevard, Galerie Semaan.
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Byblos Bank SAL – Thursday May 29, 2014:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 9 May 2014 at the Bank’s Headquarters decided to approve the Board’s general and special reports and all the elements of the Consolidated and stand-alone balance sheet and the Consolidated and separate income statement for fiscal year 2013, and approved the distribution of the 2013 dividends as follows: - Dividends for Preferred Shares Class 2008 USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Dividends for Preferred Shares Class 2009 USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Dividends for Common Shares: LBP 200 per share (LBP 190 Net of 5% withholding tax). The Ordinary General Assembly also decided to discharge of the Chairman and Board members for their duties during the fiscal year 2013 and finally took note and approved the resignations of His Excellency Sami Haddad and decided to elect Mr. Des O’Shea as a board member for the remaining mandate of the present Board and until the Annual Ordinary General Assembly meets to examine the 2014 financial statements
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Bank of Beirut S.A.L.- Wednesday May 28, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 22, 2014 and decided to increase the capital of the Bank from LBP 94,280,490,000 to LBP 100,709,190,000 through the issuance of /4,762,000/ “series 2014 priority shares” for an issue price of USD 21 per share at a par value of LBP 1,350. Holders of common shares will have the right, on a priority basis, to subscribe to the issue of series 2014 priority shares. Subscribers in “series 2014 priority shares” will receive non-cumulative annual distribution of 4% of the issue price, adjusted on a pro-rata basis for the fraction of the year during which the issuance of the shares occurs, plus any dividend declared for common shares.
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Banque BEMO S.A.L. – Tuesday May 27, 2014:
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The Extraordinary General Assembly of shareholders of Banque BEMO SAL convened on May 16, 2014 and resolved to approve the cancellation of the /200,000/ preferred shares class 2006 and to increase the Bank’s capital from LBP 62,550,000,000 to LBP 62,599,400,000 hence an increase of LBP 49,400,000 resulting in a nominal value of each share of LBP 1,004. The Extraordinary General Assembly also resolved to empower the Board of Directors to make all necessary determinations regarding the redemption of the above mentioned preferred shares and to verify the completion of the procedures for the increase of the Bank’s capital.
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Banque BEMO S.A.L. – Tuesday May 27, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 16, 2014 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2013 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2013. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2013 amounting LBP /2,412,000,000/; (USD 1,600,000) and distribute to the holders of Common shares an amount of LBP /930,000,000/ (LBP /15/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2013. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit. - Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. - Fix the attendance fees of the members of the Board of Directors for the year 2014. - Fix the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2014.
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حفل إطلاق إتفاقية التعاون مع بورصة يورونكست
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رعى فخامة رئيس الجمهورية العماد ميشال سليمان ممثلاً بمعالي وزير المال الاستاذ علي حسن خليل حفل توقيع إتفاقية التعاون بين بورصة بيروت وبورصة يورونكست الذي أقيم في فندق فور سيزنس، علماً أن هذا التوقيع تمّ من ضمن مجموعة أربعة بورصات عربية هي بالاضافة الى بورصة بيروت بورصة مسقط وعمّان وتونس. وحضر الحفل ممثل دولة رئيس مجلس الوزراء، معالي الدكتور الآن حكيم، ووزير الاعلام الاستاذ رمزي جريج والوزيرين السابقين وليد الداعوق وجان أوغاسابيان ورئيس المجلس الدستوري الدكتور عصام سليمان وأمين عام كل من إتحاد المصارف العربية وإتحاد البورصات العربية، إضافة الى حشد من الرسميين والمصرفيين ورجال المال. وأكد وزير المال على حرص وزارة المالية على تطوير جسور التعاون بين عراقة بورصة بيروت الذي تجاوز عمرها التسعين عاماً وبين التطور المتسارع في البورصات العالمية. وأشار الى أن التحدي الماثل أمام البورصة اليوم هو تحد ثلاثي: أولاً في تطوير أداءها ومواكبتها للتطورات التكنولوجية في العالم، وهو ما تقوم به بورصة بيروت اليوم عبر الاعلان عن النظام الجديد الذي ستعتمده البورصة وهو الأحدث في العالم، ثانياً تعميم ثقافة الادراج في البورصة وتحفيز الشركات على الادراج للحصول على التمويل المتوسط والطويل الامد لتعزيز رسملة الشركات وتخفيض تكاليف الانتاج، وثالثاً عمل الحكومة لتحفيز الاقتصاد وزيادة النمو عموماً، وهو أمر تضعه وزارة المالية نصب أعينها. فيما أشار رئيس بورصة بيروت بالانابة الدكتور غالب محمصاني الى الجهود التي بذلتها البورصة خلال السنوات الماضية والرامية لتطوير وتحديث السوق من خلال تدعيم بنيتها التحتية سيما في المجال التقني وعدّد أهم المزايا التي سيوفرها النظام الجديد للسوق المالي اللبناني.
بدوره عرض الاستاذ شادي سلامة لتاريخ بورصة بيروت والمراحل التي مرت بها بورصة بيروت في تحديث نظام التداول لديها. كما ألقى كل من السيد فراس صفي الدين، نائب رئيس هيئة الاسواق المالية، والسيد أحمد المرهون مدير سوق مسقط للآوراق المالية، والسيد نك ثورنتون نائب رئيس مجلس إدارة يورونكست كلمة في المناسبة.
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Bank Audi SAL– Friday May 16, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Tuesday May 13, 2014:
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Further to the decision of the Board of Directors of Banque BEMO S.A.L. dated 11/04/2014 and further to the demand of the Bank. The Beirut Stock Exchange decided to cease trading in Banque BEMO S.A.L. preferred shares Class 2006 as of the end of the trading session of May 13, 2014, and consider this date the last trading day with these shares.
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Byblos Bank SAL – Monday May 12, 2014:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 9 May 2014 at the Bank’s Headquarters approved on the distribution of dividends for the year 2013 as follows:
For Common Shareholders:
• LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Preferred Shareholders:
• Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax)
• Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax)
Such dividends will be paid on or about 16 May 2014 after deducting the 5% withholding tax, to shareholders as at 14 May 2014 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 12 May 2014.
For GDR holders:
• LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5 % withholding tax and other expenses starting 21 May 2014.
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Holcim (Liban) S.A.L. – Monday May 12, 2014:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday June 11, 2014 at Le Royal Hotel – Dbayeh.
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Bank of Beirut S.A.L.- Tuesday May 6, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 3 p.m., on Thursday May 22, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: (1) - Increase the Bank’s capital by issuing new priority shares according to article 110 of the Commercial Law, and determine the remaining terms of these shares. (2) - Amend some articles of the Company’s by-laws according to the capital increase. (3) - Other issues.
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Banque BEMO S.A.L. – Monday May 5, 2014:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:00 am, on Friday 16/05/2014 at the Bank’s headquarters in Riad Al Solh- Assayli bldg- 7th Floor in order to examine the following agenda: (1) - Cancellation of the Preferred Shares Class 2006 and increase of the bank’s capital by adding the nominal value of the cancelled shares on the nominal value of the remaining shares of the Bank and transferring part of the Reserves to the Capital for the avoidance of residual amounts in the nominal value of the shares pursuant to the redemption of the Preferred Shares Class 2006. (2) - Amendment of some articles of the bank’s By-Laws as a result of the redemption of the Preferred Shares Class 2006 and the increase of the Bank's capital. (3) - Other issues. The shareholders who wish to attend this Extraordinary General Assembly have to abide by the By-Laws of the bank and the applicable legal and organizational texts.
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Banque BEMO S.A.L. – Monday May 5, 2014:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 9:00 am on Friday, May 16, 2014 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor
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Bank of Beirut S.A.L.- Friday April 25, 2014:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 23, 2014 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2013. The Ordinary General Assembly declared dividends as follows: ● To Holders of Preferred shares (E): USD 2.00 per share ● To Holders of Preferred shares (F): USD 2.00 per share ● To Holders of Preferred shares (G): USD 2.3625 per share ● To Holders of Preferred shares (H): USD 1.75 per share ● To Holders of Preferred shares (I): USD 1.6875 per share ● To Holders of Common shares: LBP 859 per share. The Ordinary General Assembly also decided to discharge the chairman and members of the Board of Directors in respect of activities performed during the year ended December 31, 2013, and gave them the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. In addition, the Ordinary General Assembly decided to elect Messrs. Salim Sfeir, Adib Millet, Antoine Abdel Massih, Fawaz Naboulsi, H.E. Anwar Mohamad El-Khalil, Emirates Bank International pjsc, Eng. Rached Ben Saad Al Rached, Antoine Wakim And Krikor Sadikian to the Board of Directors for a three year period that will end when the Ordinary General assembly will convene to approve the accounts of the year 2016. Finally the Ordinary General Assembly decided to nominate Deloitte and Touche auditors for the years 2014, 2015 & 2016.
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Société Libanaise des Ciments Blancs sal - Friday April 25, 2014:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Wednesday June 18, 2014 at the premises of Holcim (Liban) S.A.L. in Antelias.
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De-listing of a maturing Eurobond Issue – Thursday April 24, 2014:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday April 28, 2014 the Lebanese Republic Eurobonds Issue, labeled series 49 (tranche 1 and 2) worth USD /881,612,000/ carrying an interest rate of 9.00% and maturing on May 02, 2014.
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BLOM Bank S.A.L. - Tuesday April 22, 2014:
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BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Ordinary General Assembly meeting to be held at 12:00 pm on Friday, May 9, 2014 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg.
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Good Friday and Easter Holidays – April 18 & 21, 2014:
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On the occasion of Easter there will be no trading at the Beirut Stock Exchange from Friday, April 18, 2014 till Monday, April 21, 2014. Trading will be resumed on Tuesday, April 22, 2014.
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BLC Bank SAL – Wednesday April 17, 2014:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 15, 2014, at the Bank’s Head Office
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Byblos Bank SAL – Wednesday April 16, 2014:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 11 April 2014, to propose to the Ordinary General Assembly convened to meet on 9 May 2014 at the Bank’s Headquarters, the distribution of dividends for the year 2013 as follows: For Common Shareholders: LBP 200 per share (Before withholding tax). For Preferred Shareholders: Class 2008; USD 8 per share (Before withholding tax). Class 2009; USD 8 per share (Before withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 16 May 2014 after deducting the withholding tax, to shareholders as at 14 May 2014 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 12 May 2014.
For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 21 May 2014.
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Bank Audi SAL– Tuesday April 15, 2014:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. convened on April 14, 2014 and resolved to (i) approve the Bank’s accounts for the year 2013 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “E” Preferred Shares: USD 6 per share - To Holders of Series “F” Preferred Shares: USD 6 per share - To Holders of Series “G” Preferred Shares: USD 4 per share - To Holders of Series “H” Preferred Shares: USD 4.5 per share - To Holders of Common Shares: LBP 603 per share
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “E” Preferred Shares: USD 5.7 per share - To Holders of Series “F” Preferred Shares: USD 5.7 per share - To Holders of Series “G” Preferred Shares: USD 3.8 per share - To Holders of Series “H” Preferred Shares: USD 4.275 per share - To Holders of Common Shares: LBP 572.85 per share.
Dividends will be paid through Midclear S.A.L. starting April 16, 2014 for the holders of shares as at April 11, 2014 (Record Date), according to the records of Midclear S.A.L.
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Byblos Bank SAL – Monday April 14, 2014:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Friday, May 9, 2014.
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Byblos Bank SAL – Monday April 14, 2014:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, May 9, 2014.
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Bank Audi SAL– Monday April 07, 2014:
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Bank Audi s.a.l’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2013 (including the Auditors’ report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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De-listing of a maturing Eurobond issue – Monday April 07, 2014:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday April 9, 2014 the Lebanese Republic Eurobonds Issue, labeled series 41, worth USD /676,902,000/, carrying an interest rate of 7.375% and maturing on April 14 2014.
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Bank Audi SAL– Friday March 28, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 14, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2013.
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Feast of Annunciation – Tuesday March 25, 2014:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Tuesday, March 25, 2014.
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Bank Audi SAL– Friday March 21, 2014:
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In its meeting held on March 20, 2014, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 16, 2014 to holders of common shares as at April 11, 2014 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. - Wednesday March 19, 2014:
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The Board of Directors of BLOM Bank S.A.L convened on Tuesday, March 18, 2014 and took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 9, 2014 at 11.00 O’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2013; knowing that the Board or Directors proposed to the General Assembly of Shareholders to pay an amount of 750 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Last Trading Date, April 10, 2014. Ex-Dividend Date, April 11, 2014. Record Date, April 15, 2014. Payment Date April 16, 2014 for common shares and April 15, 2014 for preferred shares.
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Audi Saradar Investment Bank SAL– Wednesday March 12, 2014:
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In reference to the decision of the Extraordinary General Assembly of shareholders of Audi Saradar Investment Bank sal dated December 20, 2013 and the decision of H.E. the Governor of the Central Bank of Lebanon number 11692 dated February 21, 2014 that was published in the Official Gazette number 10 on March 06, 2014 the name of the broker has been amended to become: Audi Investment Bank sal.
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Bank Audi SAL Audi Saradar Group – Wednesday March 12, 2014:
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In reference to the decision of the Extraordinary General Assembly of shareholders of Bank Audi sal – Audi Saradar Group dated December 27, 2013 and the decision of H.E. the Governor of the Central Bank of Lebanon number 11691 dated February 21, 2014 that was published in the Official Gazette number 10 on March 06, 2014 the name of the bank has been amended to become: Bank Audi SAL.
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Bank Audi SAL – Audi Saradar Group – Monday March 10, 2014:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended December 31, 2013.
The financial statements, together with the Notes and Auditos’ Report can be viewed on the page of Bank Audi sae (Egypt) on Bank Audi’s website (Link), and a summary in English of the financial statements can be viewed on the same website (Link).
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Thursday February 27, 2014:
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The Beirut Stock Exchange decided to approve the listing, trading and pricing of the /350,000/ Preferred Shares Class 2013 issued by Banque BEMO SAL on the official market of the Stock Exchange. Trading with the newly issued Preferred Shares will start on Tuesday, March 4, 2014.
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Day off – Friday February 14, 2014:
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On the occasion of the Ninth Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Friday, February 14, 2014.
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Bank Audi SAL – Audi Saradar Group – Wednesday January 22, 2014:
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The Beirut Stock Exchange decided to list, as of January 24, 2014 an additional /476,260/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /102,017,651/ GDRs, therefore, the total number of GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /102,493,911/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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BLC Bank SAL – Friday January 17, 2014.
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The Extraordinary General Assembly of the holders of preferred shares class “C” of BLC Bank SAL convened on December 06, 2013 and resolved to adopt its By-Laws. In addition, the Extraordinary General Assembly designated Mr. Hafez Abi Chaker to be the assembly’s representative.
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Bank Audi SAL – Audi Saradar Group – Monday December 30, 2013.
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Resolution adopted by the Extraordinary General Meeting of Shareholders of December 27, 2013: Sole resolution: The change of name of the company to become “Bank Audi S.A.L.” and the amendment of Article 3 (“Name”) of the company’s By-Laws.
The Extraordinary General Assembly of shareholders resolves to (i) change the name of the company to become “Bank Audi S.A.L.” (instead of “Bank Audi S.A.L. – Audi Saradar Group”) and (ii) amend article 3 of its By-Laws, accordingly, to read:
New text:
Article 3 – Name
The name of the Company is “Bank Audi S.A.L.”
The Extraordinary General Assembly of shareholders further declares that its present resolution is subject to the approval of the Central Bank of Lebanon, and resolves to grant each of (i) the Chairman of the Board of Directors, Mr. Raymond Audi and (ii) Board member and Group CEO, Mr. Samir Hanna, severally, the powers to carry out all necessary actions related to the change of name and, generally, to carry out all actions that may be necessary
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Christmas and New Year Holidays
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On the occasion of Christmas and New Year, there will be no trading at the Beirut Stock Exchange on Wednesday, December 25, 2013, on Tuesday, December 31, 2013, and on Wednesday, January 01, 2014. Likewise, there will be no trading on Monday, January 06, 2014 on the occasion of the Armenian Christmas Day.
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Bank Audi SAL – Audi Saradar Group – Tuesday December 10, 2013.
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The Board of Directors of Bank Audi sal – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday December 27, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: (1) To introduce a change in the name of the Company and amend the By-Laws accordingly
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Bank Audi SAL – Audi Saradar Group – Wednesday December 04, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com. For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Wednesday December 04, 2013:
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Bank Audi sal - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended September 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsBAEGY.aspx For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com
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BLC Bank SAL – Monday December 02, 2013:
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The Board of Directors of BLC Bank sal invites the holders of preferred shares class C to attend an Extraordinary General Assembly meeting to be held at 12 pm on Friday, December 06, 2013 at the Bank’s head office to discuss the following agenda: (i) Set the By-Laws of the Assembly of owners of preferred shares class “C". (ii) Assign a representative for the Assembly. (iii) Other subjects.
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Independence Day – Friday November 22, 2013:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Friday, November 22, 2013.
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Achoura – Thursday November 14, 2013
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, November 14, 2013.
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Hegria New Year - Monday November 04, 2013:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Monday, November 04, 2013.
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Eid Al Adha – October 15, 16 & 17, 2013.
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Tuesday, October 15, 2013 till Thursday, October 17, 2013. Trading will be resumed on Friday, October 18, 2013.
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Beirut Stock Exchange –Wednesday October 02, 2013:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2013 and any other overdue fees before 30/12/2013. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
• At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours.
• Or by calling the BSE administration at phone No. 01-993555, before 16/12/2013 to send one of its representatives to collect the check, against an official receipt.
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BLC Bank SAL – Thursday August 29, 2013:
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The Beirut Stock Exchange Committee decided to accept, as of Monday, September 02, 2013 the listing, trading and pricing of the 350,000 preferred shares class "C" issued by BLC Bank SAL on the official market of the stock exchange.
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Bank Audi SAL – Audi Saradar Group – Tuesday August 27, 2013:
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Bank Audi sal - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended June 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsBAEGY.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Monday August 26, 2013:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 07, 2013 and decided to: (I) Approve the Board of director’s report and the auditors’ report for the fiscal year 2012 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2012. (II) Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2012 amounting LBP /2,412,000,000/; (USD 1,600,000) and distribute to the holders of Common shares an amount of LBP /1,550,000,000/ (LBP /25/ per share). (III) Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2012. (IV) Elect a new Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2016 to approve the accounts of the year 2015, members of the new boards are: - Mr. Riad Bechara Obegi - Dr. Ara Hrechdakian - Mr. Jean Victor Hajjar - Sheikh Hassan Mohamad Kabbani - Mr. Georges Bechara Obegi - Mr. Samih Halim Saadeh - Emir Karim Samir Abillama - Mr. Antoine Wakim - Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. (V) Give the authorizations stipulated in Articles 152 of the Law of cash and credit. (VI) Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. (VII) Fix the attendance fees of the members of the Board of Directors for the year 2013.
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Bank Audi SAL – Audi Saradar Group – Thursday August 22, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Tuesday August 13, 2013:
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The Board of Directors of Bank Audi s.a.l. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday August 30, 2013 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The issuance of unsecured Subordinated Notes, which are expected to constitute Tier II capital; 2. The submission of the action described in item 1 for approval by the Central Bank of Lebanon, acting through its Central Council; and 3. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to make all determinations and perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Eid Al Fitr
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on the first and second day of Eid.
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Rasamny Younis Motor Company S.A.L. – Friday July 26, 2013:
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Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders, that the Annual General Assembly that was held on 28/06/2013 decided to distribute LBP 165 per share, subject to 5% distribution tax, for all categories “A”, “B” & “C”. Payment will start on Tuesday 30/07/2013 as follows: (1) - In the company’s head office for shareholders carrying categories “A” & “C” shares. (2) - Through Midclear S.A.L. for shareholders carrying category “B” shares.
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Bank Audi SAL – Audi Saradar Group – Thursday July 25, 2013:
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Pursuant to the Beirut Stock Exchange (BSE) rule that requires issuers to inform the BSE of any change to their General Management or Board of Directors. The company announces that Mario Saradar has resigned as a Director, effective 11 July 2013. In line with applicable governance principles and Lebanese Law, Mr. Saradar decided to resign concomitantly with his acceptance of a Board Chairmanship position at an external financial institution, where he acquired a controlling stake.
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BLC Bank SAL – Wednesday July 24, 2013:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL held a meeting on 12/04/2013 and decided to: (i) Increase the capital of BLC Bank SAL from LBP /153,650,000,000/ to LBP /154,000,000,000/ by issuing /350,000/ new preferred shares to be labeled Preferred Shares Class C. (ii) Delegate the Board of Directors and/or the President of the Board to organize the subscription’s operation. (iii) Define the condition of the Bank’s Capital increase. (iv) List all the Preferred shares Class “C” in the financial markets. (v) Amend Article 6 of the Bank’s by-laws.
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Société Libanaise des Ciments Blancs sal - Friday July 19, 2013:
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In implementation of the resolution of the Ordinary General Assembly held on 22/05/2013 related to the distribution of the 2012 dividends in exchange of coupon Nb.8 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /370/ per share (net of distribution tax), will be paid as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends through Banque Libano Francaise (Al Akkawi-Beirut or Geitawi-Beirut or Jbeil-Jbeil or Tripoli- Al Tall), from July 26, 2013 till December 20, 2013. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery.
Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows:
I - Bearer Shares: Shares will be traded with coupon Nb. 8 till the end of the trading session of Monday July 22, 2013 (included). Starting the trading session of Tuesday July 23, 2013, shares will be traded without coupon Nb.8.
II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 22, 2013 (included). Starting the trading session of Tuesday July 23, 2013, (Ex-dividends date) shares will be traded without the above stated dividends.
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Société Libanaise des Ciments Blancs sal - Wednesday July 17, 2013:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 22/05/2013 and decided to: • Approve the report of the Board of Directors of the year 2012. • Approve the report of the Auditors of the year 2012. • Approve the Balance Sheet and Income Statement of the fiscal year 2012 and discharge the Board of Directors in respect of activities performed during 2012. • Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve all the operations mentioned in the report. • Approve the report of the auditors produced according to Article 158 of the Code of Commerce. • Reelect the following members to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2015: Prime Invest S.A.L. Holding, Holcim (Liban) S.A.L. and Benedikt Vonnegut. • Nominate Ernst & Young as Auditors for the fiscal year 2013. • Distribute gross dividends of LBP /389.47/ per share.
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Rasamny Younis Motor Company S.A.L. –Thursday July 11, 2013:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 28/06/2013 and decided to:
• Approve the financial statements for the year 2012.
• Declare a dividend distribution of LBP /165/ per share (Before distribution tax).
• Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2012.
• Elect a new Board of Directors of 7 members for 3 years ending when the Ordinary General Assembly will be held to approve the accounts of 2015. The members are: Mr. Fayiz Kamil Rasamny, Mohamad Abed El Mohsen El Kharafi & sons Company, Fadi Younes, Omar Al Jaroudi, Ziad Rasamni, Albert Latif & Ziad Al Rayyis.
• Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2013 until the Ordinary General Assembly will approve the accounts of this year.
• Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2013.
• Specify yearly allocations for the Chairman and for every member of the Board of Directors.
• Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2013.
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Société Libanaise des Ciments Blancs sal - Wednesday July 10, 2013:
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In implementation of the resolution of the Ordinary General Assembly held on 22/05/2013 related to the distribution of the 2012 dividends in exchange of coupon Nb.8 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /370/ per share (net of distribution tax), will be paid starting Friday July 26, 2013 as follows:
• Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”.
• Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi-Beirut branch, Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), from July 26, 2013 till December 20, 2013. By the end of the mentioned period dividend payment will be executed at the company’s Head Office in Hery.
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Holcim (Liban) S.A.L. – Wednesday July 10, 2013:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2013 related to the distribution of the 2012 dividends in exchange of the coupon Nb.7 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1189.73/ per share (net of distribution tax) will be paid starting Friday July 26, 2013 as follows:
o Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”.
o Other shareholders can receive their dividends when presenting coupon Nb.7 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Akkawi-Beirut branch, Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 26, 2013 till December 20, 2013. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery.
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Bank Audi SAL – Audi Saradar Group – Tuesday July 2, 2013:
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The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,500,000/ Preferred Shares Class (G) and the /750,000/ Preferred Shares Class (H), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the Stock Exchange.
Trading with the mentioned Preferred Shares is scheduled to start on Friday 05/07/2013.
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Solidere- Tuesday June 25, 2013:
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As the Ordinary General Assembly was invited to meet for the first time on June 24, 2013 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on July 29, 2013 in Biel Downtown.
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BLC Bank SAL – Friday June 21, 2013:
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The Ordinary General Assembly of shareholders of BLC Bank SAL convened on 22/05/2013 and approved the reports of the board of directors, the Auditors' report and the financial statements of the Bank for the year 2012. The Assembly declared a dividend distribution of LBP /65/ per common share, USD /7.00/ per Preferred Share Class A and USD /7.00/ per Preferred Share Class B and discharged the chairman and the Board members in respect of activities performed during the fiscal year 2012. The Assembly also gave the authorizations stipulated in Articles 158 & 159 of the Lebanese Labor Law and Article 152 of the Cash and Credit Law, and elected a new Board of Directors for a 3 year mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2015). The new board is composed as follows: Maurice Sehnaoui, Nadim Kassar, Adnan Kassar, Adel Kassar, Nabil Kassar, Walid Daouk, Mansour Bteish, Nazem El Khoury, Raoul Nehme, Walid Ziadeh and Antoine Mereb.
Finally the General Assembly designated Deloitte & Touche as the Bank’s Auditors for the years: 2013, 2014 & 2015.
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Bank Audi SAL – Audi Saradar Group – Wednesday June 19, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended March 31, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Wednesday June 19, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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De-listing of 2 maturing Eurobond issue – Tuesday June 11, 2013:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday June 17, 2013 the following Lebanese Republic Eurobonds Issue as they mature on 20/06/2013:
- Series #39 Amount USD /250.000.000/ Interest 8.625% Maturity June 2013
Tranche 1
- Series #39 Amount USD /400.000.000/ Interest 8.625% Maturity June 2013
Tranche 2
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Bank Audi SAL – Audi Saradar Group – Friday June 07, 2013:
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Further to the decision of the Extraordinary General Assembly dated 15/04/2013 that decided to cancel the /12,500,000/ Preferred Shares Class “D” and to increase the Bank’s Capital to LBP /457,896,465,996/. The Beirut Stock Exchange decided to:
1- Take note of the Bank’s Capital increase from LBP /457,709,001,816/ to LBP /457,896,465,996/ , that is an increase of LBP /187,464,180/; thus the distribution of the Bank’s Capital becomes as follows:
- Common Shares: /439,749,204/shares with a nominal value of LBP /1,299/ per share
- Preferred Shares Class “E”: /1,250,000/ shares with a nominal value of LBP /1,299/ per share
- Preferred Shares Class “F”: /1,500,000/ shares with a nominal value of LBP /1,299/ per share
2- De-list the /12,500,000/ Preferred Shares Class “D” from the official market of the BSE.
3- This circular will take effect when published.
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Bank Audi SAL – Audi Saradar Group – Tuesday June 04, 2013:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday June 21, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. Taking note of the implementation of Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on April 15, 2013, relating to the cancelation of the Series “D” Preferred Shares and the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,299;
2. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 1,500,000 Series “G” Preferred Shares and of 750,000 Series “H” Preferred Shares in accordance with Resolution No. 3 of the Extraordinary General Meeting held on April 15, 2013; and
3. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Solidere- Monday June 03, 2013:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday June 24, 2013 in Biel Downtown. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 29, 2013 in Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, August 20, 2013 in Biel Downtown.
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Rasamny Younis Motor Company S.A.L. – Tuesday May 28, 2013:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Friday June 28, 2013 at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan.
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Banque BEMO S.A.L. –Thursday May 23, 2013:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 9:30 am on Friday, June 7, 2013 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor.
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BLC Bank SAL – Thursday May 16, 2013:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Wednesday May 22, 2013, at the Bank’s Head Office.
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Byblos Bank SAL – Tusday May 14, 2013:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 11 May 2013 at the Bank’s Headquarters approved on the distribution of dividends for the year 2012 as follows: For Common Shareholders; LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders; - Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Such dividends will be paid on or about 17 May 2013 after deducting the 5 % withholding tax, to shareholders as at 15 May 2013 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 13 May 2013. For GDR holders: - LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 23 May 2013.
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Beirut Preferred Fund – Thursday May 09, 2013:
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Following the maturity date of Beirut Preferred Fund, the Beirut Stock Exchange decided to cease trading in the shares of the mentioned fund by the end of the trading session of Monday, May 13, 2013.
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Listing of Four Lebanese Republic Eurobond Issues –Thursday May 09, 2013:
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The Beirut Stock Exchange decided to accept the listing and trading of the following four Lebanese Republic Eurobond Issues: (i) Series # 67 (Tranche#3) with a Principal amount of USD/600,000,000/, bearing an interest rate of 6.00% and maturing in January 2023. (ii) Series # 68 (Tranche#3) with a Principal amount of USD/500,000,000/, bearing an interest rate of 6.75% and maturing in November 2027. (iii) Series # 69 with a Principal amount of USD/600,000,000/, bearing an interest rate of 4.50% and maturing in April 2016. (iv) Series # 70 with a Principal amount of USD/500,000,000/, bearing an interest rate of 5.50% and maturing in April 2019. Trading in the mentioned Eurobonds is scheduled to start on Monday May 13, 2013.
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Byblos Bank SAL – Wednesday May 8, 2013:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 18 April 2013, to propose to the Ordinary General Assembly convened to meet on 11 May 2013 at the Bank’s Headquarters, the distribution of dividends for the year 2012 as follows: For Common Shareholders: • LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: • Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). • Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 17 May 2013 after deducting the 5 % withholding tax, to shareholders as at 15 May 2013 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 13 May 2013. For GDR holders: • LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5 % withholding tax and other expenses starting 23 May 2013.
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Holcim (Liban) S.A.L. – Wednesday May 8, 2013:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Tuesday June 11, 2013 at Le Royal Hotel – Dbayeh.
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Beirut Preferred Fund – Wednesday May 8, 2013:
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As per the terms of article 18 of law number 706/2005, Bank of Beirut S.A.L, being the manager of the Investment fund Beirut Preferred Fund, announces that the mentioned fund became in liquidation process according to its expiry term specified to be on May 17, 2013.
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Good Friday and Easter Holidays – May 3& 6, 2013:
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On the occasion of Easter there will be no trading at the Beirut Stock Exchange from Friday, May 03, 2013 till Monday, May 06, 2013. Trading will be resumed on Tuesday, May 07, 2013.
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Labor Day –Wednesday May 01, 2013:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 01, 2013. Trading will be resumed on Thursday, May 02, 2013.
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Byblos Bank SAL –Friday April 19, 2013:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Saturday, May 11th, 2013.
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Byblos Bank SAL –Friday April 19, 2013:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Saturday, May 11th, 2013.
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Bank of Beirut S.A.L.- Thursday April 18, 2013:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2013. During this meeting, the distribution of dividends has been decided as follows: ●The Common shares dividends: LBP 716 per common share ● Preferred shares Series (D): 9.00% of issue price (9.00% x US$25.00 = US$2.2500 per share) ● Preferred shares Series (E): 8.00% of issue price (8.00% x US$25.00 = US$2.0000 per share) ● Preferred shares Series (F): 8.00% of issue price (8.00% x US$25.00 = US$2.0000 per share) ● Preferred shares Series (G): 6.75% of issue price (6.75% x US$35.00 = US$2.3625 per share) ● Preferred shares Series (H): 7.00% of issue price (7.00% x US$25.00 = US$1.7500 per share). Dividends will be paid tomorrow; Friday the 19th of April 2013 for the holders of common shares as well as for the holders of Series E, F, G & H preferred shares as at April 11, 2013 (Record date). As for series D preferred shares that was redeemed previously, the record date was December 28, 2012.
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BLOM Bank S.A.L. - Thursday April 18, 2013:
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The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly convened on April 15, 2013, at the Bank’s headquarters and approved the Board of Directors' proposal to distribute dividends for the year 2012 as follows: For Preferred Shares Holders- Series 2011: 0.70 US Dollar per share. Dividends will be paid through Midclear starting April 29, 2013, net of 5% withholding tax. For Common Shares and GDR Holders: LBP 675 per share, dividends will be paid net of the 5% withholding tax to common shares holders through Midclear starting April 30, 2013, and the equivalence of LBP 675 in US Dollars after the deduction of the 5% withholding tax for the holders of GDRs. Payment will be done through the depositor Bank of New York Mellon, starting May 7, 2013. Shares Benefiting from the Distribution: The Ordinary General Assembly of shareholders has also approved the Board of Directors' proposal that the last trading date to receive dividends will be April 24, 2013.
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Société Libanaise des Ciments Blancs sal - Monday April 15, 2013:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Wednesday May 22, 2013 at the premises of Holcim (Liban) S.A.L. in Antelias.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 10, 2013:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. – Audi Saradar Group convened on April 8, 2013 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new 3 years mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2015). The Board of Directors is composed as follows: H.E. Mr. Raymond W. Audi; Dr. Marwan M. Ghandour; Mr. Samir N. Hanna; Sheikha Suad H. Al Homaizi; Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Freddie C. Baz; Dr. Imad I. Itani; Mr. Mario J. Saradar; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar.
The newly elected Board convened following the General Assembly and resolved, amongst other things, to: (i) re-elect: - H.E. Mr. Raymond W. Audi as Chairman of the Board – General Manager; - Dr. Marwan M. Ghandour as Vice-Chairman; (ii) confirm the re-appointment of the General Managers including the re-appointment of Mr. Samir N. Hanna (Group CEO – General Manager).
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Bank Audi SAL – Audi Saradar Group – Tuesday April 9, 2013:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 8, 2013 and resolved to (i) approve the Bank’s accounts for the year 2012 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “D” Preferred Shares: USD 0.775 per share - To Holders of Series “E” Preferred Shares: USD 6 per share - To Holders of Series “F” Preferred Shares: USD 4 per share - To Holders of Common Shares: LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “D” Preferred Shares: USD 0.73625 per share - To Holders of Series “E” Preferred Shares: USD 5.7 per share - To Holders of Series “F” Preferred Shares: USD 3.8 per share - To Holders of Common Shares: LBP 572.85 per share.
Dividends will be paid through Midclear S.A.L. starting April 10, 2013 for the holders of shares as at April 05, 2013 (Record Date), according to the records of Midclear S.A.L.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 3, 2013:
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Based on the decision of the Board of Directors of Bank Audi SAL – Audi Sardar Group held on 14/11/2012, the Beirut Stock Exchange decided to cease trading in Bank “Audi” Preferred shares Class “D” as of the end of the trading session of Thursday, April 04, 2013.
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Bank of Beirut S.A.L.- Tuesday April 2, 2013:
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The holders of Bank of Beirut Preferred shares Class (I) are invited to attend an Extraordinary General Assembly meeting to be held at 10 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Draft the By-Laws for the Assembly of Preferred Shares Class (I). 2- Nominate the representatives of the Assembly. 3- Other subjects.
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Bank of Beirut S.A.L.- Tuesday April 2, 2013:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 10:30 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St, Beirut Downtown.
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Bank Audi SAL – Audi Saradar Group – Tuesday April 2, 2013:
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Bank Audi SAL – Audi Saradar Group’ s Audited Consolidated Annual Financial Statements for the year ended 31 December 2012 (including the Auditors report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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Good Friday and Easter Holiday– March 29 & April 1, 2013:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, March 29, 2013 till Monday April 1, 2013. Trading will be resumed on Tuesday, April 2, 2013.
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Bank Audi SAL – Audi Saradar Group – Thursday March 28, 2013:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Monday April 15, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. The Cancellation of the series “D” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL1,299;
2. The Amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing;
3. The increase of the Bank’s capital through the issuance of two series of Preferred Shares (pursuant to Lebanese Law No 308/2001);
4. The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange;
5. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 3 and 4 above ;
6. The submission of the actions described in items 1-5 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and
7. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi SAL – Audi Saradar Group – Wednesday March 27, 2013:
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In its meeting held on March 21, 2013,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share.
Subject to the General Assembly's approval, such dividends will be paid on or about April 10, 2013 to holders of common shares as at April 05, 2013 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLC Bank SAL – Wednesday March 27, 2013:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11 am on Friday 12/04/2013 at the Bank’s head office to discuss the following agenda:
• Increase the Bank’s Capital through the issuance of Preferred Shares, to be captioned Class “C” and amend the Bank’s by-laws accordingly.
• List all the Preferred Shares Class “C” on the regulated financial markets.
• Entrust the Board of Directors and/or the Chairman- General Manager, by maximum authorities, to execute the decisions of the Extraordinary General Assembly.
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BLOM Bank S.A.L. - Tuesday March 26, 2013:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 AM on Monday April 15, 2013 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Feast of Annunciation – Monday March 25, 2013:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, March 25, 2013.
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Bank Audi SAL – Audi Saradar Group – Friday March 22, 2013:
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The Board of Directors of Bank Audi s.a.l. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 8, 2013 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2012.
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Minimum annual trading operations that should be executed by each broker- Thursday March 21, 2013:
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The Beirut Stock Exchange reminds all brokerage firms by the obligation to abide by the minimum annual trading operations that should be executed by each broker, stipulated by one per mill of the total annual trading operations of the stock exchange (article 66 – clause 3 of BSE By-Laws). The one per mill ratio is calculated using the double count method for all buy and sell transactions from the first of January till the end of December of each year as per the following formula:
Buy Transactions executed by the Brokerage firm during the specified year above (in USD) + Sell Transactions executed by the Brokerage firm during the specified year above (in USD) X 1000
Total Buy Transactions executed by all the listed Brokerage firms during the specified year above (in USD) + Total Sell Transactions executed by all the listed Brokerage firms during the specified year above (in USD)
Noting that the buy and sell operations include the operations executed on all listed financial instruments through the Beirut Stock Exchange's platform, including block trades transactions and the transactions on listed treasury bonds, but does not include the buy-in and sell out transactions.
Legal consequences will be applied to brokerage firms that did not abide by the minimum annual trading operations starting the fiscal year that follow the year of their admitting to the stock exchange.
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Creation of a New Portal dedicated to Brokers' reports - Wednesday March 6, 2013:
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The Beirut Stock Exchange announces the creation of a new portal dedicated to Brokers' reports. The new portal is an electronic way for brokers to receive, by the end of each trading session, the daily trading activity reports and all related data needed for clearing and settling the daily trades executed at the Beirut Stock Exchange. This portal also provides information on brokers' historical trading data and summaries of trading sessions that can be viewed, downloaded or exported to other files. Only licensed brokers by the Beirut Stock Exchange are allowed to sign in and use this service.
The new portal will be activated on March 22, 2013 and therefore, starting the mentioned date, the Beirut Stock Exchange will cease using other alternatives to provide brokers with their daily reports.
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A.M. Financials SAL- Lebanon ends its activity as a broker in the BSE – Thursday February 28, 2013
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As per the request of A.M. Financials SAL- Lebanon, the Beirut Stock Exchange decided to de-list the Company from its list of authorized brokers.
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De-listing of a maturing Eurobond issue – Thursday February 28, 2013:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday March 7, 2013 the Lebanese Republic Eurobonds Issue, labeled series 48, worth USD 875 million, carrying an interest rate of 9.125% and maturing on March 12, 2013.
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Listing of Seven Lebanese Republic Eurobond Issues –Thursday February 28, 2013:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of the following Lebanese Republic Eurobond issues:
- Series#56 (Tranch 2) with a principal amount of USD/185,318,000/ bearing an Interest rate of 5,15% and maturing in November 2018
- Series#56 (Tranch 3) with a principal amount of USD/339,682,000/ bearing an Interest rate of 5,15% and maturing in November 2018
- Series#60 (Tranch 3) with a principal amount of USD/1,000,000,000/ bearing an Interest rate of 5,45% and maturing in November 2019
- Series#67 (Tranch 1) with a principal amount of USD/384,862,000/ bearing an Interest rate of 6,00% and maturing in January 2023
- Series#67 (Tranch 2) with a principal amount of USD/115,138,000/ bearing an Interest rate of 6,00% and maturing in January 2023
- Series#68 (Tranch 1) with a principal amount of USD/131,212,000/ bearing an Interest rate of 6,75% and maturing in November 2027
- Series#68 (Tranch 2) with a principal amount of USD/368,788,000/ bearing an Interest rate of 6,75% and maturing in November 2027
Trading in the mentioned Eurobonds is scheduled to start on Monday, March 04, 2013.
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BSE Day Off - Thursday February 14, 2013:
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There will be no trading at the Beirut Stock Exchange on Thursday, February 14, 2013 on the occasion of the eighth Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri.
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Beirut Preferred Fund – Tuesday February 5, 2013:
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The General Assembly of shareholders of Beirut Preferred Fund convened on January 29, 2013 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/07/2012 till 31/12/2012. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2012 till 31/12/2012. (III) Distribute an amount of USD /3.53/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/07/2012 till 31/12/2012. (IV) Discharge the manager in respect of activities performed during the period from 01/07/2012 till 31/12/2012. (V) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly of shareholders of the 2013 accounts.
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Bank of Beirut S.A.L.- Monday January 28, 2013:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,000,000/ Preferred Shares Class (I), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading is scheduled to start on Thursday 31/01/2013.
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Prophet’s Birthday – Thursday January 24, 2013
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There will be no trading at the Beirut Stock Exchange on Thursday, January 24, 2013, on the occasion of the Prophet's Day.
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Beirut Preferred Fund – Friday January 18, 2013:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 10:00 a.m. on Tuesday 29 January 2013 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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Bank Audi SAL – Audi Saradar Group – Thursday January 10, 2013:
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On 28 September 2012, Odeabank a.s. (“Odeabank”), a wholly-owned subsidiary of Bank Audi s.a.l. - Audi Saradar Group, obtained a banking license from the Turkish Banking Regulation and Supervision Agency. Odeabank commenced operations on 1 November 2012. Odeabank is a universal bank, providing a full range of banking services, including corporate banking, commercial banking, retail banking, alternative distribution channels and cash and process management, project and structured finance and investment banking, financial institutions and correspondent banking and treasury and capital markets.
At the end of its first two months of operations, as at 31 December 2012*, Odeabank had: • TL 3.6 billion of assets • TL 2.5 billion of customers’ deposits •TL 1.7 billion of loans to customers • TL 0.5 billion of shareholders’ equity • 398 staff • 6 branches
* Preliminary unaudited stand-alone figures for Odeabank a.s.
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Bank Audi SAL – Audi Saradar Group – Wednesday January 02, 2013:
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Pursuant to the Beirut Stock Exchange (BSE) rule that requires issuers to inform the BSE of any change to their General Management or Board of Directors, the Bank announces that Youssef Nasr has resigned as a Director, effective 21 November 2012.
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Last Trading Day at the Beirut Stock exchange for 2012
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Friday December 28, 2012 will be the last trading day at the Beirut Stock Exchange for the year 2012.
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Bank of Beirut S.A.L.- Thursday December 20, 2012:
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Subscription in Preferred Shares Class I that will be issued by Bank Of Beirut SAL
Subscription period: From Friday December 21, 2012 at 8:30 am till Monday December 24, 2012 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Shares: Number of issued Preferred shares Class (I): /5,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issue premium. Subscription will be executed in total units with a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (I), with an issue price per unit of USD /2,500/. Subscription price will be paid in cash on the subscription day. Priority right in subscription: The holders of preferred shares class “D”,”E”,”F”,”G” and “H” will have a priority right to subscribe in the preferred shares class “I”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Terms of preferred shares (I): Please refer to the Marketing Brochure related to these shares that is available at all branches of Bank of Beirut SAL.
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Bank of Beirut S.A.L.- Tuesday December 18, 2012:
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Further to the decision of the Board of Directors of Bank of Beirut SAL dated September 04, 2012 related to the redemption and cancellation of the /4,000,000/ preferred shares class “D” on the redemption date that has been defined to be the last business day of the fiscal year 2012. The Beirut Stock Exchange decided to de-list the above mentioned shares (BOBPD) before the opening session of Friday December 28, 2012; therefore the last trading day in these shares will be the end of the trading session of December 21, 2012.
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Bank of Beirut S.A.L.- Friday December 14, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 10h30 a.m., on Friday December 28, 2012, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda:
1- Verify the completion of the increase in the Bank’s Capital from LBP /86,735,124,000/ to LBP /93,035,124,000/ through the subscription in the represented Preferred Shares.
2- Make sure that all the Capital increase transactions have been correctly executed.
3- Announce that Bank of Beirut S.A.L .Capital became LBP /93,035,124,000/.
4- Increase the bank’s capital according to the redemption of Preferred Shares Class (D) and amend some articles of the bank’s by-laws.
5- Other matters
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Bank Audi SAL – Audi Saradar Group – Friday November 30, 2012:
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The Beirut Stock Exchange decided to list, as of December 04, 2012 an additional /500,000/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /101,517,651/ GDRs, therefore, the total number of GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /102,017,651/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Byblos Bank SAL – Monday November 26, 2012:
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The shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly Meeting to be held at the Bank’s Headquarters in Ashrafieh, Elias Sarkis Avenue, on Wednesday, 12 December 2012, at 11:00 AM, in order to deliberate and decide on the matters listed on the below agenda: First - To approve a Subordinated Loan up to USD 300 million backed by bonds convertible into shares and/or GDRs. Second - To approve the increase of Byblos Bank S.A.L. capital in many stages, the subscription of which is limited to the holders of notes backing the Subordinated Loan, and determine the increase conditions. Third - Miscellaneous.
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Independence Day – Thursday November 22, 2012:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Thursday, November 22, 2012. Trading will be resumed on Friday, November 23, 2011.
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Holcim (Liban) S.A.L. – Wednesday November 07, 2012:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday December 12, 2012 at Le Royal Hotel – Dbayeh.
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Bank of Beirut S.A.L.- Wednesday October 31, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday November 19, 2012, at the company's Head Office, Foch St, Beirut Downtown to discuss the following agenda: - Increase the Capital of Bank of Beirut S.A.L. by issuing new Preferred Shares in accordance with Law 308/2001. - Amend some articles of the By-Laws of the Bank according to the Capital increase. - Other subjects.
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Eid Al Adha – October 26 and 27, 2012 :
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Friday, October 26, 2012. Trading will resume on Monday, October 29, 2012.
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Beirut Stock Exchange –Thursday October 25, 2012:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2012 and any other overdue fees before 28/12/2012. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: (I) At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. (II) Or by calling the BSE administration at phone No. 01-993555, before 14/12/2012 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL – Audi Saradar Group – Wednesday October 24, 2012:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing, on the official market of the stock exchange, of the /309,260/ additional common shares issued by Bank Audi SAL – Audi Saradar Group that have been fully subscribed to and paid up by the beneficiaries of stock options who have exercised their rights. Trading in the mentioned shares is scheduled to start on Monday, October 29, 2012.
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Bank Audi SAL – Audi Saradar Group – Tuesday October 16, 2012:
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The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group verified the implementation of the increase of the Bank’s share Capital by an amount of LBP 387,812,040 through the issuance of 309,260 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights. Therefore, the Extraordinary General Meeting declared that the capital of Bank Audi s.a.l. – Audi Saradar Group is now LBP 457,709,001,816 fully paid up and divided into 364,999,204 nominal shares having a nominal value of LBP 1,254 each;
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Bank of Beirut S.A.L.- Friday September 28, 2012:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class D) that the Board of Directors decided in its meeting held on 04/09/2012 to redeem and cancel the Class D Preferred shares, according to the provisions that govern these shares as defined by the Extraordinary General Assembly of shareholders of Bank Of Beirut SAL. Redemption date is set to be on 28/12/2012 which is the last working day of the fifth financial year after the completion of the operation. Based on the above, the last trading day in these shares in the Beirut stock Exchange will be Friday, 21/12/2012.
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Bank Audi SAL – Audi Saradar Group – Friday September 28, 2012:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday October 15, 2012, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Verification of the completion of the procedures for the increase in the Bank’s capital in accordance with Resolution No. 3 adopted by the Extraordinary General Meeting of Shareholders held on June 22, 2012.
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De-listing of a maturing Eurobond issue –Thursday August 30, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday, September 4, 2012 the Lebanese Republic Eurobond Issue (series 31, tranches 1& 2) worth USD 600 million carrying an interest rate of 7.75% and maturing on September 7, 2012.
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Eid Al Fitr: August 19 & 20, 2012
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Monday, August 20, 2012.
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Assumption of the Virgin Mary - Wednesday August 15, 2012:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Wednesday, August 15, 2012.
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Beirut Preferred Fund – Friday August 03, 2012:
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The General Assembly of shareholders of Beirut Preferred Fund convened on July 26, 2012 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/01/2012 till 30/06/2012. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/01/2012 till 30/06/2012. (III) Distribute an amount of USD /3.50/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/01/2012 till 30/06/2012. (IV) Discharge the manager in respect of activities performed during the period from 01/01/2012 till 30/06/2012.
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Solidere- Friday August 03, 2012:
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The Ordinary General Assembly of shareholders of Solidere SAL convened on Monday, July 30, 2012 in the presence and representation of around 40% of the share capital of the company and approved the financial statements for the year 2011 that showed total profits of around USD 162 million. The Ordinary General Assembly also approved the distribution of USD 0.25 per share in addition to one free share for every 50 shares held. Distribution will take effect starting October 15, 2012 for the holders of shares as at August 14, 2012. Likewise, the Ordinary General Assembly approved the report related to Articles 158 & 159 of the Code of Commerce and discharged the chairman and members of the Board in respect of activities performed during the previous year.
The Assembly elected: Nasser Chammaa, Mounir Doueidy, Maher Beydoun, Basile Yared, Joseph Asseily, Raphael Sabbagha, Oussama Kabbani, Makram Abboud, Fadi Al Boustany, Raja Salameh and Maher Daouk to the Board of Directors. After that, members of the Board held a meeting and reelected Dr. Nasser Chamaa Chairman - General Manager, Mr. Maher Beydoun and Fadi Al Boustany as vice presidents Mr.Raphael Sabbagha general secretary and Mr. Mounir Doueidy General Manager.
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Bank Audi SAL – Audi Saradar Group – Friday July 27, 2012:
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The Beirut Stock Exchange decided to list, as of August 01, 2012 an additional /1,436,221/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /100,081,430/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /101,517,651/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Rasamny Younis Motor Company S.A.L. – Friday July 20, 2012:
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Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders, that the Annual General Assembly held a meeting on July 05, 2012 and decided to distribute dividend of LBP 150 per share, subject to 5% distribution tax, for all categories “A”, “B” & “C”. Payment will start on Monday July 30, 2012 as follows: (I) n the company’s head office for shareholders carrying categories “A” & “C” shares. (II) Through Midclear S.A.L. for shareholders carrying category “B” shares.
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Acceptance of “Cedrus Invest Bank SAL” as a broker – Friday July 20, 2012:
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The Beirut Stock Exchange decided to accept, as of Wednesday July 25, 2012, “Cedrus Invest Bank SAL” as a broker.
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Rasamny Younis Motor Company S.A.L. – Monday July 16, 2012:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 05/07/2012 and decided to: (I) Approve the financial statements for the year 2011. (II) Declare a dividend distribution of LBP 150 per share (subject to distribution tax). (III) Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2011. (IV) Elect Mr. Ziad AL Rayyes to the Board of Directors for the remaining period of the Board. (V) Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2012. (VI) Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2012 until the Ordinary General Assembly will approve the accounts of this year. (VII) Specify yearly allocations for the Chairman and for every member of the Board of Directors. (VIII) Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2012.
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Beirut Preferred Fund –Monday July 16, 2012:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 11:00 a.m. on Thursday 26 July 2012 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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De-listing of a maturing Eurobond issue – Thursday July 12, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday July 17, 2012 the Lebanese Republic Eurobonds Issue, labeled series 47, worth USD 200 million, carrying an interest rate of 3.75% and maturing on July 20, 2012.
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Bank Audi SAL – Audi Saradar Group –Friday July 06, 2012:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Series F Preferred Shares, issued by virtue of EGM held on April 10, 2012 to attend a meeting to be held at 10:30 a.m. on Monday July 23, 2012 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
The agenda is as follows: (I) Approve the By-laws of the Association of Holders of Series F Preferred Shares. (II) Appoint the representative of the Association. (III) Empower one person or more to execute on behalf of the Holders of Series F Preferred Shares all formalities in connection with any exercise by the Bank of its option to redeem and cancel the Series F Preferred Shares, in due course and to the extent needed. (IV) Other matters.
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Bank Audi SAL – Audi Saradar Group –Tuesday July 03, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,500,000/ Preferred Shares Class (F), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the Stock Exchange.
Trading with the Preferred Shares Class (F) is scheduled to start on Friday 06/07/2012.
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Solidere- Friday June 29, 2012:
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As the Ordinary General Assembly was invited to meet for the first time on June 28, 2012 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on July 30, 2012 in Biel Downtown.
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Bank Audi SAL – Audi Saradar Group –Thursday June 28, 2012:
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Further to their joint announcement on May 15, 2012, Bank Audi sal - Audi Saradar Group and Saham Finances sa jointly announce that they completed the sale by Bank Audi and certain individual sellers of 81% of the share capital of LIA insurance sal on June 27, 2012, within the expected timeframe after receipt of the required regulatory approvals. The parties have agreed to maintain and develop the existing cooperation between Bank Audi sal - Audi Saradar Group and LIA insurance sal in the field of bancassurance in Lebanon. Saham Finances sa, which intends to use Lebanon as its main hub to support its expansion strategy in the Middle East, will rely on the skills of the Management team of LIA insurance sal which will remain in place
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Société Libanaise des Ciments Blancs sal - Monday June 25, 2012:
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In implementation of the resolution of the Ordinary General Assembly held on 29/05/2012 related to the distribution of the 2011 dividends in exchange of coupon Nb.7 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /350/ per share (net of distribution tax), will be paid starting Monday July 2, 2012 as follows:
o Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”.
o Other shareholders can receive their dividends when presenting coupon Nb.7 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), from July 2, 2012 till December 20, 2012. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery.
Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows:
I - Bearer Shares:
Shares will be traded with coupon Nb. 7 till the end of the trading session of Tuesday June 26, 2012 (included). Starting the trading session of Wednesday June 27, 2012, shares will be traded without coupon Nb.7.
II – Nominal Shares:
Shares will be traded with the above stated dividends till the end of the trading session of Tuesday June 26, 2012. Starting the trading session of June 27, 2012, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim (Liban) S.A.L. – Monday June 25, 2012:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on May 15, 2012 related to the distribution of the 2011 dividends in exchange of the coupon Nb.6 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,940/ per share (net of distribution tax) will be paid starting Monday July 2, 2012 as follows:
o Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”.
o Other shareholders can receive their dividends when presenting coupon Nb.6 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Akkawi-Beirut or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 2, 2012 till December 20, 2012. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery.
Therefore the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows:
Till the end of the trading session of Tuesday 26/06/2012 (included):
Trading the shares with Coupon Nb. 6 that means with the dividends related to the share decided by the Ordinary General Assembly dated 15/05/2012.
Starting the trading session of Wednesday 27/06/2012:
Trading the shares without Coupon Nb. 6 that means without the dividends related to the share decided by the Ordinary General Assembly dated 15/05/2012.
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Listing of Three Lebanese Republic Eurobond Issues –Monday June 18, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of three Lebanese Republic Eurobond Issues: The first one, labeled Series #64 worth USD/500,000,000/, bearing an interest rate of 4,10% and maturing in June 2015. The Second, labeled Series #65 worth USD/700,000,000/ bearing an interest rate of 5,15% and maturing in June 2018. The third, labeled Series #66 worth USD/800,000,000/ bearing an interest rate of 6,25% and maturing in June 2025. Trading in the mentioned Eurobonds is scheduled to start on Thursday, June 21, 2012.
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Banque BEMO S.A.L. –Friday June 08, 2012:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 29, 2012 and decided to: Approve the Board of directors’ report, the auditors’ report for the fiscal year 2011 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2011. Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2011 amounting LBP /2,412,000/ Thousand; (USD 1,600,000). Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2011. Give the authorizations stipulated in Articles 152 of the Law of cash and credit. Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. Fix the attendance fees of the members of the Board of Directors for the year 2012. Fix the fees of the Auditors Deloitte and Touche for the year 2011 and the fees of Fiduciaire du Moyen Orient (FMO) for the mentioned year.
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Rasamny Younis Motor Company S.A.L. – Thursday June 07, 2012:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Thursday July 05, 2012, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan
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Solidere- Wednesday June 06, 2012:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Thursday June 28, 2012 in Biel Downtown.
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Bank Audi SAL – Audi Saradar Group –Tuessday June 05, 2012:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 11:00 a.m, on Friday June 22, 2012 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Further to the decision of the Extraordinary General Meeting of April 10, 2012, verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 1,500,000 Series “F” Preferred Shares, and of the subscription for, and full payment of, such Series “F” Preferred Shares; The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Preferred Share Capital Increase; The increase of the Bank’s share capital through the issuance of up to 356,610 Common Shares reserved to the owners of Stock Options who have exercised their Stock Options in 2012 and the determination of the issuance terms for such Common Shares; The listing of such newly-issued Common Shares on the Beirut Stock Exchange; The amendment of the Bank’s By-Laws, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 3 and 4 above; The submission of the actions described in items 3, 4 and 5 above for approval by the Central Bank of Lebanon, acting through its Central Council; The granting of the necessary powers for the implementation of the actions approved by the Extraordinary General Meeting; The granting of two loans to a related party in accordance with article 152 of the Code of Money and Credit; and The approval of the acquisition of shares from a subsidiary.
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Resistance and Liberation Day- Friday May 25, 2012:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Friday, May 25, 2012. Trading will be resumed on Monday May 28, 2012.
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Bank Audi SAL – Audi Saradar Group –Thursday May 17, 2012:
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Subscription in preferred shares class "F" that will be issued by Bank Audi SAL – Audi Saradar Group:
Subscription period: From May 18, 2012 till May 23, 20112. Number of Preferred shares Class "F": /1,500,000/ shares. Place of Subscription: Head Office of the Bank located in Bank Audi Plaza, Bab Idriss, Beirut Central District. Price of Subscription: USD /100/ per share divided into: LBP/1,254/ as nominal value and the balance as issue premium. Priority right in subscription: The holders of preferred shares class D and E will have a priority right to subscribe in the preferred shares class “F”.
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Bank Audi SAL – Audi Saradar Group –Tuesday May 15, 2012:
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Bank Audi SAL – Audi Saradar Group and Saham Finances S.A., a subsidiary of Saham S.A., jointly announce that they have entered into a share purchase agreement for the sale by Bank Audi and certain individual sellers of 81% of the share capital of LIA Insurance SAL. Completion of the sale is subject to obtaining the required regulatory approvals, and is expected to take place by end of June 2012. The parties have also agreed to enter into co-operation agreements for the conduct of future insurance business in Lebanon. Lebanon will serve as Saham Finances S.A.’s hub for its development in the Middle East. Saham Finances S.A. owns insurance and reinsurance companies which are present in 15 African countries.
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Banque BEMO S.A.L. – Friday May 11, 2012:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 10:00 am on Tuesday, May 29, 2012 in Achrafieh, Elias Sarkis Avenue, Bemo bldg.
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Labor Day – Tuesday May 01, 2012:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Tuesday May 01, 2012. Trading will be resumed on Wednesday, May 02, 2012.
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Bank of Beirut S.A.L.- Tuesday April 24, 2012:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2012 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2011. The Ordinary General Assembly declared dividends distribution (Before distribution tax 5%) as follows:
● To Holders of Preferred shares (D): USD 2.25 per share
● To Holders of Preferred shares (E): USD 2.00 per share
● To Holders of Preferred shares (F): USD 2.00 per share
● To Holders of Preferred shares (G): USD 2.3625 per share
● To Holders of Preferred shares (H): USD 0.455 per share
● To Holders of Common shares: LBP 650 per share
The Ordinary General Assembly also decided to discharge the chairman and members of the Board of Directors in respect of activities performed during the year ended December 31, 2011, and gave them the authorizations stipulated in articles 158 & 159 in the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code.
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BLOM Bank S.A.L. - Tuesday April 24, 2012:
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The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly convened on April 19, 2012, at the Bank’s headquarters and approved the Board of Directors' proposal to distribute dividends for the year 2011 as follows: For Preferred Shares Holders- Series 2011: 0.70 US Dollar per share. Dividends will be paid through Midclear starting April 26, 2012, net of 5% withholding tax. For Common Shares and GDR Holders: LBP 675 per share, dividends will be paid net of the 5% withholding tax to common shares holders through Midclear starting April 27, 2012, and the equivalence of LBP 675 in US Dollars after the deduction of the 5% withholding tax for the holders of GDRs. Payment will be done through the depositor Bank of New York Mellon, starting May 4, 2012.
Shares Benefiting from the Distribution:
The Ordinary General Assembly of shareholders has also approved the Board of Directors' proposal that the last trading date to receive dividends should be April 23, 2012.
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BLOM Bank S.A.L. - Tuesday April 24, 2012:
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BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Ordinary General Assembly meeting to be held at 12:00 pm on Monday, May 14, 2012 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg.
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Société Libanaise des Ciments Blancs sal - Monday April 23, 2012:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday May 29, 2012 at the premises of Holcim (Liban) S.A.L. in Antelias.
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Acceptance of “Mena Invest SAL” as a broker – Monday April 23, 2012:
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The Beirut Stock Exchange decided to accept “Mena Invest SAL” as a broker in the BSE. The company will start its trading operations on Monday April 30, 2012.
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Bank Audi SAL – Audi Saradar Group – Friday April 20, 2012:
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The Extraordinary General Assembly of shareholders of Bank Audi sal – Audi Saradar Group resolves to increase the Bank’s Capital from LBP/455,440,189,776/ to LBP/457,321,189,776/ through the issuance of 1,500,000 new nominal preferred shares to be captioned Series “F” having a nominal value of LBP1,254 each and to be listed on the Beirut Stock Exchange. The entry into effect of the foregoing resolutions is subject to the approval of the Central Bank of Lebanon.
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Listing of Two Lebanese Republic Eurobond Issues –Thursday April 19, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond issues: The First one, Series Nb. 61 (Tranche#3), worth USD/350,000,000/, bearing an interest rate of 6.60% and maturing in November 2026. While the second, Series Nb. 63, worth USD/660,000,000/, bearing an interest rate of 5.00% and maturing in October 2017. Trading in the mentioned Eurobonds is scheduled to start on Monday April 23, 2012.
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Byblos Bank SAL – Tuesday April 17, 2012:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on April 10, 2012 at the Bank’s Head Office approved on the distribution of dividends for the year 2011 as follows: For Common Shareholders; LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: (i) Class 2008; USD 8 per share (USD 7.6 Net of 5 % withholding tax). (ii) Class 2009; USD 8 per share (USD 7.6 Net of 5 % withholding tax). Such dividends will be paid on or about 18 April 2012 after deducting the 5 % withholding tax, to shareholders as at 17 April 2012 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 11 April 2012.
For GDR holders: LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 25 April 2012.
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BLC Bank SAL - Thursday April 12, 2012:
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The Extraordinary General Assembly of the holders of preferred shares class B of BLC Bank SAL convened on 21/03/2012 and resolved to adopt its By-Laws. In addition, the Extraordinary General Assembly designated Mr. Hafez Abi-Chaker as the Assembly’s representative.
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BLC Bank SAL - Thursday April 12, 2012:
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The Ordinary General Assembly of shareholders of BLC Bank SAL convened on 21/03/2012 and approved the reports of the board of directors, the Auditors' report and the financial statements of the Bank for the year 2011. The Assembly declared a dividend distribution of LBP /175/ per share and discharged the chairman and the Board members in respect of activities performed during the fiscal year 2011. The Assembly also gave the authorizations stipulated in Articles 158 & 159 of the Lebanese Code of Commerce and Article 152 of the Cash and Credit Law. Finally the President announced that the new text of the By-Laws will be adopted after the amendments that have been approved by previous General assemblies have been included.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 11, 2012:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 10, 2012 and resolved, pursuant to the resignation of Dr. Georges A. Gedeon Achi from the Board of Directors, to elect Mr. Youssef A. Nasr as a new member of the Board for the remainder of its current mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2012).
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Bank Audi SAL – Audi Saradar Group – Wednesday April 11, 2012:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 10, 2012 and resolved to (i) approve the Bank’s accounts for the year 2011 and (ii) declare a gross distribution of dividends as follows: To Holders of Series “D” Preferred Shares: USD 0.775 per share. To Holders of Series “E” Preferred Shares: USD 6 per share. To Holders of Common Shares: LBP 603 per share.
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: To Holders of Series “D” Preferred Shares: USD 0.73625 per share. To Holders of Series “E” Preferred Shares: USD 5.7 per share. To Holders of Common Shares: LBP 572.85 per share.
Dividends will be paid through Midclear S.A.L. starting April 12, 2012 for the holders of shares as at April 05, 2012 (Record Date), according to the records of Midclear S.A.L.
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Good Friday and Easter Holidays – April 6, 9, 13 & 16:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: April 6, 9, 13 & 16, 2012.
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Byblos Bank SAL – Thursday April 5, 2012:
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The Board of Directors of Byblos Bank S.A.L. held on 16 March 2012 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 10, 2012 at the Bank’s Head Office, the distribution of dividends for the year 2011 as follows: For Common Shareholders LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: Class 2008, USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 18 April 2012 after deducting the 5 % withholding tax, to shareholders as at 17 April 2012 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 11 April 2012.
For GDR holders: LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 25 April 2012.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 4, 2012:
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Bank Audi SAL – Audi Saradar Group’ s Audited Consolidated Annual Financial Statements for the year ended 31 December 2011 (including the Auditors report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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De-listing of a maturing Eurobond issue – Friday March 30, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday, April 5, 2012 the Lebanese Republic Eurobond Issue (series 43, tranches 1, 2 &3) worth EUR 535.639.000 carrying an interest rate of 5.875% and maturing on April 12, 2012.
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Bank of Beirut S.A.L.- Wednesday March 28, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly Meeting to be held at 3 p.m., on Thursday April 12, 2012, at the company's Head Office, Foch St, Beirut Downtown.
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Byblos Bank SAL – Friday March 23, 2012:
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The Board of Directors of Byblos Bank S.A.L. held on 16 March 2012, has the pleasure to announce to the holders of its common shares that it resolved to propose to the Ordinary General Assembly convened to meet on 10 April 2012 at the Bank’s Headquarters, the distribution of dividends for the year 2011 as of LBP 200 per share (LBP 190 Net of 5 % withholding tax).
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Bank Audi SAL – Audi Saradar Group –Friday March 23, 2012:
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The Board of Directors of Bank Audi S.A.L. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 12:00 noon, on Tuesday April 10, 2012, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: (1) - The increase of the Bank’s capital through the issuance of a number of Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their amount, terms and conditions; (2) - The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange; (3) - The amendment of the Bank’s By-Laws, including, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 2 above; (4) - The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon, acting through its Central Council; and (5) - The granting of the Chairman of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all the foregoing resolutions.
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Bank Audi SAL – Audi Saradar Group – Friday March 23, 2012:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Ordinary Shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m., on Tuesday April 10, 2012, at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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BLOM Bank S.A.L. - Thursday March 22, 2012:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 AM on Thursday April 19, 2012 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Bank Audi SAL – Audi Saradar Group –Thursday March 22, 2012:
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In its meeting held on March 15, 2012,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share.
Subject to the General Assembly's approval, such dividends will be paid on or about April 12, 2012 to holders of common shares as at April 05, 2012 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Holcim (Liban) S.A.L. – Tuesday March 20, 2012:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Tuesday, May 15, 2012 at Le Royal Hotel – Dbayeh.
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Byblos Bank SAL – Monday March 19, 2012:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the Annual Ordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Tuesday, April 10, 2012.
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Byblos Bank SAL – Monday March 19, 2012:
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The shareholders of Byblos Bank S.A.L. are invited to attend the Annual Ordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 12:00 noon on Tuesday, April 10, 2012.
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De-listing of a maturing Eurobonds Issue – Tuesday March 13, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday, March 14, 2012 the Lebanese Republic Eurobonds Issue (series 51, tranches 1 and 2) worth USD 600 million, carrying an interest rate of 7.50% and maturing on March 19, 2012.
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BLC Bank SAL - Friday March 2, 2012:
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The Board of Directors of BLC Bank S.A.L. invites the holders of Preferred shares Class “B” to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Wednesday 21/03/2012 at the Bank’s Head Office in Beirut, facing Palace of Justice, BLC Bank S.A.L. bldg, to discuss the following agenda: (i) Draft the By-Laws of the Assembly of owners of Preferred shares Class “B". (ii) Assign a representative for the assembly. (iii) Other subjects.
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BLC Bank SAL - Friday March 2, 2012:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday March 21, 2012, at the Bank’s Head Office.
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BSE Day Off - Tuesday February 14, 2012:
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There will be no trading at the Beirut Stock Exchange on Tuesday, February 14, 2012 on the occasion of the seventh Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri.
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St. Maroun's Day - Thursday February 09, 2012:
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On the Occasion of St. Maroun's Day, there will be no trading on the Beirut Stock Exchange on February 09, 2012.
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Beirut Preferred Fund –Tuesday February 07, 2012:
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The General Assembly of shareholders of Beirut Preferred Fund convened on January 26, 2012 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/07/2011 till 31/12/2011. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2011 till 31/12/2011. (III) Distribute an amount of USD /3.60/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/07/2011 till 31/12/2011. (IV) Discharge the manager in respect of activities performed during the period from 01/07/2011 till 31/12/2011. (V) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly of shareholders of the 2012 accounts.
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BLC Bank SAL - Wednesday January 25, 2012:
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The Beirut Stock Exchange Committee decided to accept, as of Friday, January 27, 2012 the listing, trading and pricing of the 400,000 preferred shares class "A" and the 550,000 preferred shares class "B" issued by BLC Bank SAL on the official market of the stock exchange.
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Beirut Preferred Fund –Monday January 16, 2012:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 10:00 a.m. on Thursday, January 26, 2012 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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Last Trading Day at the Beirut Stock exchange for 2011- Friday December 30, 2011:
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Friday December 30, 2011 will be the last trading day at the Beirut Stock Exchange during the year 2011.
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BLC Bank SAL - Wednesday December 28, 2011:
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The Board of Directors of BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11 am on Thursday 29/12/2011 at the Bank’s head office to discuss the following agenda: 1- Validate the full subscription in the Preferred Shares Class B, which represents the Bank’s Capital increase. 2- Validate the full payment of the value of each Preferred Shares Class B subscribed to. 3- Adopt the Amended text in the By-Laws text after validating the Execution of the Capital Increase. 4- Other subjects
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Bank Audi SAL – Audi Saradar Group – Wednesday December 28, 2011:
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The Beirut Stock Exchange decided to list, as of December 30, 2011 an additional /500,000/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /99,581,430/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /100,081,430/.
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Christmas and New Year Holidays- Monday December 26, 2011 & Monday January 02, 2012:
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On the occasion of Christmas and New Year, there will be no trading at the Beirut Stock Exchange on Monday, December 26, 2011 and on Monday, January 02, 2012. Likewise, there will be no trading at the Beirut Stock Exchange on Friday, January 06, 2012 on the occasion of the Armenian Christmas Day. Wish you all the best for the coming New Year.
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S&P/AFE 40 Index - Monday December 12, 2011:
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The Beirut Stock Exchange participated in the Annual Conference of the Arab Federation of Exchanges which took place in Abu Dhabi on December 4 & 5, 2011, and on the side line of the conference, the Arab Federation of Exchanges, in cooperation with Standard & Poor’s International, has launched the S&P/AFE 40 Index, which is designed to measure the performance of 40 leading companies from the Pan-Arab region. It should be noted that Lebanon was represented in the mentioned index by two listed companies.
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Achoura - Tuesday December 6, 2011:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, December 6, 2011. Trading will be resumed on Wednesday, December 7, 2011.
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Listing of Six Lebanese Republic Eurobond Issues –Thursday December 01, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of the following Lebanese Republic Eurobond Issues: (i) Series#60 (Tranche#1) Principal Amount USD/433,183,000/ Interest Basis 5.45% Maturity Date November 28, 2019; Series#60 (Tranche#2) Principal Amount USD/66,817,000/ Interest Basis 5.45% Maturity Date November 28, 2019. (ii) Series # 61 (Tranche#1) Principal Amount USD/235,537,000/ Interest Basis 6.60% Maturity Date November 27, 2026; Series#61 (Tranche#2) Principal Amount USD/139,463,000/ Interest Basis 6.60% Maturity Date November 27, 2026. (iii) Series#62 (Tranche#1) Principal Amount EUR/420,942,000/ Interest Basis 5.35% Maturity Date November 28, 2018; Series#62 (Tranche#2) Principal Amount EUR/24,058,000/ Interest Basis 5.35% Maturity Date November 28, 2018. Trading in the mentioned Eurobonds is scheduled to start on Monday December 5, 2011.
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Independence Day – Tuesday November 22, 2011:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Tuesday, November 22, 2011. Trading will be resumed on Wednesday, November 23, 2011.
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Beirut Stock Exchange –Monday November 14, 2011:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2011 and any other overdue fees before 29/12/2011. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either at the Head Office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours, or by calling the BSE administration at phone No. 01-993555, before 15/12/2011 to send one of its representatives to collect the check, against an official receipt.
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Eid Al Adha - November 7 and 8, 2011 :
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On the occasion of Eid Al Adha, the Beirut Stock Exchange will close down from Monday, November 7, 2011 till Tuesday November 8, 2011 and resume trading on Wednesday, November 9, 2011.
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Bank Audi SAL – Audi Saradar Group –Friday November 04, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /962,830/ common shares issued by Bank Audi sal – Audi Saradar Group, that have been fully subscribed to an paid up by the beneficiaries of stock options who have exercised their rights, on the official market of the stock exchange. Trading in the mentioned shares is scheduled to start on Friday, November 11, 2011.
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Bank Audi SAL – Audi Saradar Group – Monday October 31, 2011:
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Bank Audi sal - Audi Saradar Group has announced on 28 October 2011 that it has been granted permission to establish a deposit bank in Turkey with a starting share capital equivalent to USD 300 million. The permission was granted by the Board of the Banking Regulation and Supervision Agency of Turkey on October 27, 2011 and promulgated in the Turkish official gazette (number 28098) on 28 October 2011.
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BLC Bank SAL - Monday October 31, 2011:
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The Board of Directors of BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 5 pm on Friday November 04, 2011 at the Bank’s head office in Beirut – facing Palace of Justice to discuss the following agenda: (I) Increase the Bank’s Capital through the issuance of Preferred Shares, to be captioned Class "B" and amend the Bank’s by-laws accordingly. (II) List the /400,000/ Preferred Shares Class “A”, as well as, the Preferred Shares Class “B” that will be issued on the regulated financial markets. (III) Entrust the Board of Directors and/or the Chairman- General Manager, by maximum authorities, to execute the decisions of the Extraordinary General Assembly. (IV) Other subjects
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Bank of Beirut S.A.L.- Tuesday October 25, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,400,000/ Preferred Shares Class (H), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading in the mentioned preferred shares is scheduled to start on Wednesday 26/10/2011.
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Bank Audi SAL – Audi Saradar Group – Tuesday October 25, 2011:
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The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group, having reviewed all submitted documents, declares that it has verified the implementation of the increase of the Bank’s share Capital by an amount of L.L. 1,207,388,820 through the issuance of 962,830 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights. Pursuant thereto, the Extraordinary General Meeting of Shareholders of Bank Audi s.a.l. - Audi Saradar Group resolves to: (I) Confirm the adequate completion of all formalities relating to the increase of Capital of Bank Audi SAL - Audi Saradar Group from L.L. 454,232,800,956 to L.L.455,440,189,776, i.e. by an amount of L.L. 1,207,388,820; (II) Declare that the capital of Bank Audi s.a.l. – Audi Saradar Group is now L.L. 455,440,189,776 fully paid up and divided into 363,189,944 nominal shares (1) having a nominal value of L.L. 1,254 each; (III) Declare, pursuant to the above, that the modification of articles 6 and 8 of the by-laws of Bank Audi s.a.l. – Audi Saradar Group, as per the third resolution of the Extraordinary General Meeting of Shareholders held on July 25, 2011, is now effective.
(1) Including Common Shares and preferred shares
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Bank Audi SAL – Audi Saradar Group – Wednesday October 12, 2011:
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The Beirut Stock Exchange decided to list, as of October 14, 2011 an additional /1,000,000/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /98,581,430/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /99,581,430/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Rasamny Younis Motor Company S.A.L. – Tuesday October 11, 2011:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 08/08/2011 and decided to: (I) Approve the financial statements for the year 2010 and transfer all the profits to the Free Reserve. (II) Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2010. (III) Renew the authorization to deal with the Board members or shareholders or affiliated parties for the fiscal year 2011. (IV) Elect Mr. Ziad Fouad Rasamny to the Board of Directors to replace the resigned member Mr.Ramzi Rasamni for the remaining period of the Board. (V) Give the Board members the authorizations stipulated in Articles 159 of the Code of Commerce for the fiscal year 2011. (VI) Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2011 until the Ordinary General Assembly will approve the accounts of the mentioned year. (VII) Specify yearly allocations for the Chairman and for every member of the Board of Directors. (IIX) Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2011.
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Bank Audi SAL – Audi Saradar Group – Friday October 07, 2011:
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The Board of Directors of Bank Audi S.A.L. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday October 24, 2011, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: I - Verification of the completion of the procedures for the increase in the Bank’s capital through the exercise of Stock Options in accordance with Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on July 25, 2011.
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BLOM Bank S.A.L. - Friday September 23, 2011:
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Due to an insufficient quorum of attendance during the first meeting, the Board of Directors of BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Extraordinary General Assembly meeting to be held at 12:00 on Thursday, October 20, 2011 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg. to examine the following agenda:
1- Draw up the By-Laws of the Assembly of holders of Preferred Shares Class 2011.
2- Assign an Assembly representative.
3- Other subjects
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Bank of Beirut S.A.L.- Tuesday September 13, 2011:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 4 p.m., on Wednesday September 28, 2011, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: (I) Verify the completion of the increase in the Bank’s Capital from LBP /79,931,124,000/ to LBP /86,735,124,000/ through the subscription in Preferred Shares Class (H). (II) Make sure that all the Capital increase transactions have been correctly executed. (III) Announce that the capital of Bank of Beirut S.A.L. became LBP /86,735,124,000/. (IV) Other subjects.
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Eid Al Fitr – Tuesday August 30, 2011:
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange from August 30, 2011 till September 01, 2011. Trading will be resumed on Friday, September 02, 2011.
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Bank of Beirut S.A.L.- Monday August 29, 2011:
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Subscription in preferred shares class "H" issued by Bank Of Beirut SAL.
Subscription period: From Monday September 5, 2011 at 8:30 am to Friday September 9, 2011 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of issued Preferred shares Class (H): /5,400,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issue premium. Subscription will be executed in total units with a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (H), with an issue price per unit of USD /2,500/. Subscription price will be paid in cash on the subscription day. Priority right in subscription: The holders of preferred shares class “D”,”E”,”F” and “G” will have a priority right to subscribe in the preferred shares class “H”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Terms of preferred shares (H): Please refer to the Marketing Brochure related to these shares that are available at all branches of Bank of Beirut SAL.
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Assumption of the Virgin Mary - Monday August 15, 2011:
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On the occasion of the assumption of the Virgin Mary, there will be no trading on the Beirut Stock Exchange on Monday, August 15, 2011.
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Beirut Preferred Fund –Friday August 12, 2011:
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The General Assembly of shareholders of Beirut Preferred Fund convened on July 25, 2011 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/01/2011 till 30/06/2011. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/01/2011 till 30/06/2011. (III) Distribute an amount of USD /3.50/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/01/2011 till 30/06/2011. (IV) Discharge the manager in respect of the management of the fund during the period from 01/01/2011 till 30/06/2011.
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BLOM Bank S.A.L. - Tuesday August 09, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /20,000,000/ Preferred Shares Class 2011, issued by BLOM Bank S.A.L. in the Official market of the stock exchange. Trading is scheduled to start on Thursday, August 11, 2011.
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Listing of two Lebanese Republic Eurobond Issues –Tuesday August 02, 2011:
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The Beirut Stock Exchange decided to accept the listing and trading of two Lebanese Republic Eurobond Issues: The first worth USD 700 million, carrying an interest rate of 6.10% and maturing in October 2022, and the second worth USD 500 million, carrying an interest rate of 4,75% and maturing in November 2016 . Trading in the mentioned Eurobonds is scheduled to start on Wednesday, August 3, 2011.
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Solidere – Tuesday August 02, 2011:
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The Ordinary General Assembly of shareholders of Solidere SAL convened on Monday, August 1, 2011 in Biel Downtown and decided to approve the decision of the Board of Directors to distribute USD 0.4 per share in addition to one free share for every 30 shares. Distribution will take effect starting October 31, 2011 for the holders of shares as at August 19, 2011. Therefore, the amount of profits that will be distributed totals USD 147 million: USD 61 million in cash and USD 86 million in value of the shares that will be distributed. The Ordinary General Assembly also discussed the report of the Board of Directors concerning the activities of the company for the year 2010 and its financial statements that showed total profits of USD 196.5 million, as well as the report of the auditors and the report related to Articles 158 & 159 of the Code of Commerce and approved them. Likewise, the Ordinary General Assembly discharged the chairman and members of the Board in respect of activities performed during the year 2010.
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De-listing of a maturing Eurobond Issue – Monday July 25, 2011:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday July 28, 2011 a Lebanese Republic Eurobond Issue worth USD 750 million, carrying an interest rate of 7.50% and maturing on August 02, 2011.
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Solidere – Monday July 25, 2011
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Subject to the General Assembly meeting of shareholders of Solidere SAL on Monday, August 01, 2011 and subject to the General Assembly's ratification of dividends distribution, the Board of Directors of Solidere SAL will propose to the Annual General Assembly that the beneficiaries of dividends distribution will be the shareholders on record as at August 19, 2011. Given the period separating the actual trading date and the clearing and settlement date, trading realized till the end of the trading session of August 16, 2011 will be reflected in the shareholders' register of August 19, 2011.
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Rasamny Younis Motor Company S.A.L. – Friday July 08, 2011:
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Further to the decision of the Ordinary General Assembly held on Thursday June 30, 2011 that stated to postpone the Ordinary General Assembly Meeting held the said date to August 08, 2011, and further to the decision of the Board of Directors, the Ordinary General Assembly of Rasamny Younis Motor Company S.A.L is invited to convene at 5 p.m., on Monday August 8, 2011, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan.
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Bank Audi SAL – Audi Saradar Group – Friday July 08, 2011:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday July 25, 2011, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The increase of the Bank’s share capital though the issuance of up to 1,326,490 Common Shares reserved to the owners of stock Options who have exercised their Stock Options in 2011 and the determination of their issuance terms; 2. The listing of such newly-issued Common Shares on the Beirut Stock Exchange; 3. The amendment of the Bank’s By-Laws, in particular Articles 6 & 8, to reflect the actions described in items 1 and 2 above; 4. The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon, acting though its Central Council; and 5. The granting of the necessary powers for the implementation of the actions approved by the General Meeting.
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Solidere – Friday July 01, 2011:
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As the Ordinary General Assembly of shareholders of Solidere was invited to meet for the first time on June 30, 2011 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on August 1, 2011 in Biel Downtown.
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Banque BEMO S.A.L. – Thursday June 30, 2011:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 28, 2011 and decided to: (I) Approve the report of the Board of directors, the report of the Auditors for the fiscal year 2010 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2010. (II) Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2010 amounting LBP /2,412,000/ Thousand; (USD 1,600,000). (III) Stop paying interest associated to shareholders' cash contributions, though these contributions will remain in their current form. (IV) Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2010. (V) Give the authorizations stipulated in Articles 152 of the Law of cash and credit. (VI) Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. (VII) Fix the attendance fees of the members of the Board of Directors for the year 2011. (IIX) Amend Article 9 of the Ordinary General Assembly minutes of meeting dated May 31, 2010 that assigned B.D.O. as principal auditor, so that the name becomes Fiduciaire du Moyen Orient (FMO).
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BLOM Bank S.A.L. - Thursday June 30, 2011:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly meeting to be held at 12:00 noon on Wednesday July 20, 2011 at the Bank’s Head Office, Beirut, Verdun, Presiden | | | | |