Beyrouth - die kleine Schweiz vom Orient - 500 Beiträge pro Seite

[weisenstein]

Beirut

Solidere (ehemalige

[weisenstein]

...ups-weg
nochemal:
Beirut

Solidere (ehemalige "greenline")
Wiederaufbaugebiet in Beirut Zentrum, auch römische Thermen sind dort zu besichtigen.

http://www.solidere-online.com/solidere.html

o.k.,es geht langs. los...


Lebanon`s industrialists demand economic program from politicians during election
1. Industrial Infrastructure. Support the development of industrial parks in different Lebanese regions. Develop special economic development zones were tax reliefs are linked to employment, and where bureaucracy does not exist. These zones should be governed by European trade and investment laws.

2. Labor Law and Social Security. Review the end-of-service-indemnity system and introduce private and public pension funds. Privatize health care. Modernize labor laws to allow flexible work contracts, which allow for the complete freedom to fire and hire.

3. Enlarge Local Market & Promote Exports. Enforce the law that stipulates that Lebanese-made products have a preferential status of 15 percent over foreign competing products. Establish a dynamic calendar featuring visits to foreign international exhibitions, and organize similar ones in Lebanon. Activate the role of the Lebanese diplomatic delegations abroad to help promote the "Made in Lebanon" image. Establish a Lebanese export guarantee corporation to provide export insurance and an export agency.

Set up incubators to encourage the establishment of small and medium-sized enterprises in different industries in rural areas such as agro industries.

4. Institutional Upgrading and measures to encourage investments. Modernize "soft" infrastructure - the institutions, processes and administrative systems which collectively support productive economic activities. Establish business development centers to provide technical and management support, strategic planning, business development, and export management to small-scale industries in Lebanon. Set up a one-stop-shop at the Port of Beirut with representatives of all relevant ministries and administrations who issue formalities for export as well as imports. Lay the foundations for a comprehensive vision for economic dynamism, growth, jobs creation and competitiveness for the coming years. Facilitate and enhance the operation of existing industries, in particular those having comparative advantages, and provide support to new business start-ups. Simplify procedures governing the establishment of enterprises (including start ups) and their operations (one-stop-shop for all procedures). Rewrite all government procedures by setting up a competitiveness council where each and every procedure has to pass through the council, and that should include private companies offering services to the public. Reduce cost of manufacturing and production, which is the highest in the region. Reduce unemployment and give serious tax breaks for employing Lebanese citizens . Contribute, at a micro-economic level, to a better definition of industrial policy, and the improvement of the business environment in the widest sense of the term (legislative, regulatory, fiscal, customs framework, and cost of production factors, etc.)

Taxation should be a tool for development rather than being only a source of income for the government.

http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…

[weisenstein]

http://www.finanztreff.de/ftreff/kurse_einzelkurs_info.htm?u…

...man ist das Teil eng!
besser,wenn dann in London kaufen...

[weisenstein]

Sieg so gut wie sicher Saadeddine Hariri (links) gilt als der große Gewinner der ersten Runde der Wahlen im Libanon. Saaeddine Hariri ist 35 Jahre alt und der zweite Sohn des ermordeten ehemaligen Ministerpräsidenten Rafik Hariri (rerchts).


BEIRUT-REPORTER.de - Nachrichten / Montag 30. Mai 2005

NEU: KOSTENLOSER NEWSLETTER / BEIRUT-WETTER

Katastrophale Wahlbeteiligung bei 28 Prozent / Saadeddine Hariris Bündnis siegt vermutlich überwältigend

Von Alexander Jenniches

UPDATE: Saadeddine Hariris Sieg ist nun offziell bestätigt. Sein Block hat alle 19 Parlaments-Sitze im Wahlbezirk Beirut gewonnen.

Beirut (Alex). Die Wahl-Beteiligung an der ersten Runde der Wahlen im Libanon war äußerst schwach. Alles in allem nicht mehr als 28 Prozent der Hauptstadt-Bevölkerung ging zu den Urnen, das sind etwa 116.000 Wähler. In konfessionelle Lager aufgesplittet ergibt sich daraus eine Beteiligung zwischen zehn und 15 Prozent der Christen und rund 35 Prozent der moslemischen Bevölkerung Beiruts. Ein Sieg des Lagers von Saadeddine Hariri gilt so gut wie sicher. Genaue Ergebnisse werden allerdings erst im Lauf der Nacht vorliegen.
http://www.blitzmeldung.de/beirutreporter/index.html

[weisenstein]

SLED LEBANESE CO FOR DEV&REC OF BEIRUT GDS (REPR CLASS `A` SHS $10)(REG S)

Achtung!

Den Kursen nicht um jeden Preis in Fm folgen!
11.00 USD United States Dollars = 8.91094 EUR

SOLIDERE GDS | Currency USD

Company information
at 31 March 2005 (updated monthly)
Company address Building 149, Saad Zaghloul Street off Foch Street, PO Box 119493, Beirut, Lebanon
Company website -
Market cap (in millions) 50.3163
Listing date 04 December 1996
Trading system IOB
Market Overseas Listed
http://www.londonstockexchange.com/en-gb/pricesnews/prices/s…

[weisenstein]

Solidere set to write off outstanding debts in two years
By Osama Habib
Daily Star staff

"I don`t see any reason why investors will avoid Solidere. The prospects are very good so far and sales and rents are already picking up," Riachi said.

But Riachi said Solidere should have distributed the dividends among the shareholders.

Chammaa also commented on the increasing demand on Solidere shares on the Beirut Stock Exchange.

Prices of Solidere A and B shares are currently traded at $9.55 and $9.63 respectively.

Solidere dominated more than 58 percent of all active trading in the dormant BSE.

But Chammaa stressed that the current prices of Solidere shares do not reflect the true value of the company`s assets.

"The prices of Solidere shares should be much higher than the current levels."

http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…
Wednesday, June 08, 2005

[weisenstein]

Lebanon`s opposition claims victory
Hariri-led anti-Syrian alliance secures parliamentary majority in decisive North Lebanon poll


http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…
Gulf Arabs now represent the bulk of investors in Solidere`s Beirut Central District, and have brought land prices to their highest levels. ..."Once the elections are over, investors will feel more relaxed about the situation and will resume their business activities," he added.

Solidere A and B shares jumped to more than $10 per share two days ago for the first time in several years, reflecting the positive mood of investors.

"Solidere has become the barometer of investors. If stock prices goes up then this means that investors are buying land from the company but if prices goes down by more than 30 percent then investors are very concerned by the situation," one broker told The Daily Star.

U.S. Secretary of State Condoleezza Rice is planning a visit to Lebanon after the new Cabinet is formed, a diplomatic source said.

[weisenstein]

SLED LEBANESE CO FOR DEV&REC OF BEIRUT GDS (REPR CLASS `A` SHS $10)(REG S)

http://www.londonstockexchange.com/en-gb/pricesnews/prices/s…
Last 5 trades

Time/Date Price Volume Trade value Type
14:05:18 20-Jun-2005 12.11 50,000 605,500.00 Ordinary Trade
14:03:22 20-Jun-2005 12.07 50,000 603,500.00 Ordinary Trade
09:21:59 20-Jun-2005 11.80 500 5,900.00 Automatic Trade


..ja wer kaufte denn da mal so 50.000erPaketchen in London? waren ja nur so ~1,2millUS$ - kriegt man schon ne Menge Zedernholz für...

[weisenstein]

Beirut city center is hoping to host in the future the Formula One Grand Prix race. Large-scale events also include international book fairs, music festivals and beauty contests; regional car rallies; trade, design and professional exhibitions; the Souk Al Barghout flea market, now a Beirut downtown tradition; as well as Heritage Day, and arts and crafts festivals....

http://www.solidere-online.com/events/events.html

[weisenstein]

Round Concepts` balloon project offers tourists and the capital`s residents an unprecedented awe-inspiring ride

At the behest of Downtown developer Solidere and a local company named Round Concepts that had taken a temporary lease on the small area, Lebanese architect and academic Hashim Sarkis had drawn up a design scheme to convert the vacant gravel plot, squashed and sloping between the Phoenicia, Monroe, and Holiday Inn hotels, into a vast green space to serve as a landing park called Skygate, replete with a wood, concrete and asphalt structure to house a waiting area, ticket booth, nursery, video arcade, and cafe.
But now, some four months after its first maiden voyage, the balloon is, according to one operator, making some 40 runs a day on weekends, and can be seen floating above the tips of buildings throughout the day. It also regularly appears ghostly against the night sky beneath a blinking red light. At full capacity, the balloon takes 30 passengers on each 10-to-15-minute, 150-to-300-meter trip, and it can go up and down four times an hour. For the month of June, Round Concepts has slashed its rate down to LL10,000. Marketing manager Hisham Abushakra says the ride is now attracting tour groups, travel agencies, and children`s associations including the scouts, the Red Cross, Future Television, and innumerable birthday parties.
Round Concepts` balloon, the "Aero30," is the largest of its kind in the world . Though there are 30 other projects like it, this is the first in the region. Built by a French company called Aerophile, these balloons tend to work best in cities in flux, such as Berlin, because multiple rides over time yield views of a dramatically changing landscape.
http://www.dailystar.com.lb/article.asp?edition_id=10&categ_…

[weisenstein]

Solidere leads post-election market surge

By Osama Habib
Daily Star staff
Friday, June 24, 2005

BEIRUT: Promises of economic aid to Lebanon, increasing investment confidence and the landslide victory of the son of late Prime Minister Rafik Hariri in the parliamentary elections have lifted the prices of Solidere shares to more than $13 for the first time in seven years.

Prices of Solidere A and B shares closed at $13.49 and $13.40 respectively yesterday, an average increase of 6 percent.

The giant real estate company saw its shares plunge by 30 percent in the first two days after the assassination of Hariri but prices quickly picked up due to large demands from Lebanese and Arab investors.

The company`s profits in 2004 reached $54.1 million in 2004 and officials believe that the net income may be higher in 2005 if sales and rents remain high.

Saad, who successfully ran his father`s $5 billion business empire worldwide, forged an alliance with many Christian and Muslim groups to strengthen his grip on the Parliament.

http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…

[weisenstein]

21. Juni 2005
19:49 Kopf des Tages: Saad Hariri - Phönix aus der politischen Asche eines Clans
Nach dem Tod seines Vaters Rafik Hariri erschien Saad Hariri im politischen Leben des Libanon wie aus dem Nichts

Mit seinen 35 Jahren ist Hariri etwa so alt wie König Abdullah von Jordanien, "aber er sieht viel besser aus."
Mit seinen 35 Jahren ist er etwa so alt wie Syriens Präsident Bashar al-Assad oder König Abdullah von Jordanien. "Aber er sieht viel besser aus", sagt eine junge Muslimin mit Kopftuch. Das mag vielleicht seine Beliebtheit bei libanesischen Hausfrauen und Müttern erklären, die bei seinen öffentlichen Auftritten stets in hysterisches Kreischen verfallen. Aber da ist noch mehr, was Saad Hariris Popularität besonders bei jungen Libanesen begründet.

Nach dem Tod seines Vaters Rafik Hariri erschien er im politischen Leben des Libanon wie ein "Phönix aus der Asche". Anscheinend mühelos konnte der junge Mann die Lücke, die der Tod seines allmächtigen Vaters hinterlassen hatte, schließen. Saad Hariri traf den französischen Präsidenten Jacques Chirac, verhandelte mit König Abdallah von Saudi-Arabien und mit US-Präsident George W. Bush auf dessen Ranch in Crawford in Texas, wie es mit dem Libanon weitergehen soll. Binnen weniger Monate formte er eine Allianz von Gruppen, die noch vor Kurzem nicht miteinander gesprochen hatten. Und führte sie zum Wahlsieg.

Die Führungsqualitäten des 35-Jährigen kommen nicht von ungefähr. Mehr als zwei Jahre lang leitete er die Geschäfte seines Vaters, des viertreichsten Politikers der Welt, und verwaltete ein Vermögen von geschätzten vier Milliarden Dollar.http://derstandard.at/?url=/?id=2051256

[weisenstein]

30/06/2005 (10:55)

Ex-Finanzminister als Libanons Regierungschef nominiert


Beirut, 30. Jun (Reuters) - Das libanesische Parlament hat am Donnerstag den anti-syrischen ehemaligen Finanzminister Fouad Siniora als neuen Regierungschef nominiert.

Die Parlamentarier hätten ihre Entscheidung bei Beratungen mit Präsident Emile Lahoud getroffen, sagten Regierungsvertreter. Der pro-syrische Lahoud ist verpflichtet, die Entscheidung zu akzeptieren. Es wurde erwartet, dass er noch im Laufe des Tages Siniora formell zum designierten Ministerpräsidenten ernennen würde.

Vor Kurzem war im Libanon erstmals seit dem Abzug der langjährigen Ordnungsmacht Syrien ein Parlament gewählt worden.
Sieger war die anti-syrische Allianz, die von Saad al-Hariri angeführt wird, dem Sohn des im Februar ermordeten früheren Ministerpräsidenten Rafik al-Hariri.

chr/sfi

[weisenstein]

Beirut most expensive city in Arab world

By Will Rasmussen
Daily Star staff
Friday, July 01, 2005


BEIRUT: Beirut, a new study says, is now the most expensive city in the Arab world.
The only city more expensive in the Middle East and North Africa region is Tel Aviv, Israel. Rapidly expanding finance hub Dubai is the eighth most expensive city. Beirut ranks number 52 in the world.

The cheapest major city in the Middle East and North Africa is Tehran, Iran, which ranks number 129 in the world out of 144 cities surveyed.

U.A.E. cities such as Dubai and Abu Dhabi have risen in the rankings due to a housing crunch that has pushed rents up.

Worldwide, the most expensive city is Tokyo and the cheapest Asuncion, Paraguay.

The study, by London-based Mercer Human Resource Consulting, considers cost of living factors such as utilities, transportation, rent, sport and leisure, restaurants, and alcohol and tobacco.

Compared to New York, the study`s reference city, Beirut`s prices are the highest in sports and leisure and unfurnished house renting.

Thanks to rising investment in real estate from the Gulf, a luxury apartment in Downtown Beirut can cost as much as $4 million.

High costs are also the constant lament of Lebanese businessmen, who say they can`t compete with neighbors when electricity, telephone lines, and other utilities are vastly more expensive here.

"The prices continue to increase and we can`t do anything about it," said Zuhair Berro, president of Consumer Lebanon. "Cellular costs are among the highest in the world. Electricity and water are the highest in the region."

At $0.44 a minute, Lebanon`s pre-paid mobile phone rates are the highest in the Arab world. Electricity cost per kilowatt hour are more than three times the cost in neighboring Jordan and Syria.

Berro said he plans to submit a letter to the newly elected Parliament asking that reforms in key state-owned sectors such as electricity and telecommunications be accelerated.

"The government uses these services to expand their budget," Berro said. "We need competition in all the sectors."

[weisenstein]

01-08-05 17:43

Lebanon`s FX reserves up to $10.45 bln end-July

BEIRUT, Aug 1 (Reuters) - Lebanon`s gross foreign exchange
reserves nudged up to $10.45 billion by the end of July from
$10.40 billion two weeks earlier, the central bank said on
Monday.
Banque du Liban said in a statement that foreign reserves
stood at 15.746 trillion Lebanese pounds on July 31 compared to
15.685 trillion pounds mid-month.
It gave no explanation for the rise.
Lebanon`s foreign currency reserves include deposits by
commercial banks but the central bank does not disclose net
reserves, which are believed to be much lower.
($1=1,507.5 Lebanese pounds)
((Reporting by Lin Noueihed, Editing by Malcolm Whittaker;
Reuters Messaging [e-mail], Beirut
newsroom, tel [phone], fax [phone], email
[e-mail]))

[Steigerwälder]

Das scheint eine tolle Investmentidee zu sein. Das sich niemand sonst dafür interessiert macht die Sache nur schöner.

@ weisenstein :
Wie kommst du auf die MCap von 50 Mio? Hier (http://www.solidere-online.com/invest/types.html ) steht was von 165 Mio Aktien mit je 10 $ Nennwert.

Du hast dich ja gewiss schon ein bisschen mit dem Laden beschäftigt: Gibt es konkrete Zahlen zum Grundbesitz der Firma. Geschäftsbericht u. ä. wär wohl ein bisschen viel verlangt.

[Steigerwälder]

http://www.bse.com.lb/companies.htm
Die Hompage der Börse in Beirut.

Nach derzeitigen Preisen beträgt die Marktkapitalisierung 2,5 MD $ !!

Der gesamte libanesische Markt kostet nur etwas mehr als 3, 5Md.

Es kann sein , dass Solidere immer noch ein gutes Investm. ist. Das Aufwärtspotential ist aber begrenzt.

[Steigerwälder]

He , weisenstein,

bist du noch da?

[weisenstein]

Finance Ministry plans to boost foreign currency reserves if government is implicated
By Osama Habib
Daily Star staff
Saturday, August 20, 2005
"The purpose of privatization is to liberalize the vital sectors and improve the services."

The minister said that all those who will be laid off once their institutions are privatized will receive at least 45 months end-of-service benefits.

He added that the government plans to embark on a reconstruction program this year.

"We have agreed to pay $275 million as compensation for owners of lands that are marked down for projects," Azour said.

The Council for Development and Reconstruction said that it will submit a five-year plan to rebuild Lebanon.
http://www.dailystar.com.lb/article.asp?edition_id=10&categ_…

[weisenstein]

@Steigerwälder
Solidere has a capital of US$1.65 billion consisting of 100 million A shares and 65 million B shares, with a US$10 par value. The same rights are attached to these shares, the difference between them being purely historical. The shares are traded on the Beirut Stock Exchange and on the Kuwait Stock Exchange. They are nominal, issued on physical certificate. However, Beirut Stock Exchange introduced in October 2000 the dematerialization of shares upon trading, with certificates replaced by a book entry at its clearing agent MIDCLEAR. Investment research on the Company and the performance of the shares is frequently reported in the regular publications of leading financial institutions.
http://www.solidere-online.com/invest/types.html

[weisenstein]

http://www.kuwaitse.com/DefaultE.aspx ...
unter NON KUWAITIES

[Steigerwälder]

Schön, das du noch lebst. Das was du in #20 schreibst hab ich auch gelesen. Daraus ergibt sich ja die MCap von 2,5 Md.

Gibt es eigentlich auch irgentwo einen Geschäftsbericht oder irgentetwas vergleichbares?

[weisenstein]

ff Links mal checken:
http://www.lebanon.com/construction/beirut/

http://www.ameinfo.com/financial_markets/Lebanon/Company_LB0…

und die Vision verstehen (von 2000 "Freitag 33"):
http://www.freitag.de/2000/23/00231701.htm

viele Grüße
Weisenstein

[Steigerwälder]

Sind schon ein paar interessante Anhaltspunkte drin. Die 1,6 Mio m2 Grundfläche die dem Laden gehören sind schon mal eine Zahl mit der man was anfangen kann.

[weisenstein]

Beirut market slips amid local climate of uncertainty

By Will Rasmussen
Daily Star staff
Tuesday, August 23, 2005"The drop is very normal due to the political situation," said one trader, who said he sold Solidere shares when they hit $13.75 August 3. "We`re waiting for the report. Maybe we`ll see $11.50 before then but not lower than that - there will be impetus to buy at those levels."

With regional stock markets surging, investors said the long-term prognosis for the bourse is strong.

"Arab investors have an injection of money from oil prices, and the excess liquidity is being invested not only in the Arab region but also in Lebanon," said Assaf of Bemo Bank.

"The outlook is positive but not within the two coming months," she added.

Worry doesn`t seem particularly widespread, as only 65,875 Solidere shares changed hands Monday. A trading volume of 100,000 shares in the Hariri-founded real estate company, with capital valued at $1.6 billion, is considered moderate activity.

"On low volumes like this, there`s nothing to worry about," the trader said. "We are bullish on the market. Solidere has good valuation and high profitability."

Trading volume in general has been light as Beirutis head to the mountains to avoid the summer heat. Only three banks saw activity Monday, with Banque Audi, Byblos Bank, and BLOM Bank GDR all edging up slightly. Locally listed funds Beirut Golden Income, Beirut Lira Fund, and the dollar-denominated Beirut Interbank Fund all appreciated slightly last week but were not traded Monday.

[weisenstein]

10:13 26-Sep-05 SLED Lebanese Co For Dev&Rec of Beirut Notice of EGM
The Lebanese Company for the Development and Reconstruction of Beirut Central District, s.a.l. (Solidere)

Commercial Register: 67000 – Beirut

Capital /1,650,000,000/ U.S. Dollars
Bldg. 149, Saad Zaghloul street – P.O.Box: 119493 – Beirut, Lebanon.




Notice For

Extraordinary General Meeting of Shareholders



In accordance with the provisions of Articles 34, 49, and 50 of the Articles of Incorporation of the Company, the Board of Directors of the Lebanese Company for the Development and Reconstruction of Beirut Central District, s.a.l. (Solidere) hereby invites the Shareholders of both Class (A) and (B) to attend the Extraordinary General Meeting that will be held on Monday, October 3, 2005 at 9.30 A.M. at the Bristol Hotel, Beirut.





The Agenda of the Extraordinary General Meeting is determined as follows:



1. To hear the Board of Directors report and the auditors reports on the issue of consultancies and services to be provided by the Company in the field of real estate development for projects located outside the Beirut Central District as well as all over the world.


2. To amend Article (3) of the Articles of Incorporation of the Company regarding the object of the Company through the adding of a new paragraph in accordance with the above item.








The shareholders may attend personally the Extraordinary General Meeting, or be represented thereat by other shareholders in accordance with the provisions of the law and the Articles of Incorporation.



The Board of Directors

[Steigerwälder]

Der Terror kehrt in den Libanon zurück. Die Kursschwäche der letzten Zeit könnte damit zusammenhängen.

http://www.faz.net/s/RubDDBDABB9457A437BAA85A49C26FB23A0/Doc…

[weisenstein]

The release of the Mehlis report was rescheduled for Oct. 21 , and the market seems to be taking the new date much more in stride. Solidere "A" shares closed last week at $13.45, up 3.5 percent on the week. The stock closed at $13.50 Wednesday on moderate volume.

Investors expect Solidere to climb despite Mehlis` upcoming report.
"We`re starting to see a lot of demand," Khoury said. "The value of Solidere stock is 40 to 50 percent higher than its current price - the value should be higher." http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…

[weisenstein]

Homepage wurde aktualisiert,jetzt wieder Quarterly Reports!
http://www.solidere-online.com/solidere/2005q2.html

[weisenstein]

14:54 Uhr (Beirut - GMT+3)
Wie die syrische Nachrichtenagentur SANA meldet, hat Syriens Innenminister Ghazi Kanaan heute Vormittag Selbstmord begangen. Kanaan war Syriens Geheimdienst Chef im Libanon von 1980 bis 2003. Er soll vom deutschen UN-Chefermittler Detlev Mehlis zu den Vorgängen um den Tod des ehemaligen libanesischen Premierministers Rafik Hariri befragt worden sein. Im Libanon wird Syrien von vielen Menschen verdächtigt, an der Ermordung Hariris beteiligt gewesen zu sein. Auch die Regierung von US-Präsident George Bush teilt diese Ansicht. UN-Ermittler Mehlis will seinen Bericht in der nächsten Woche der UNO vorlegen.


http://www.Beirut-Reporter.de

Beirut Stock Exchange sees dramatic improvement

By Osama Habib
Daily Star staff
Wednesday, October 12, 2005

http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…

[Steigerwälder]

Servus,

hast du dir den Q2 Bericht schon näher angeschaut und gibt es aussagekräftige Zahlen?

[weisenstein]

@S.wälder
der Kurs in London haussiert nicht wegen den Zahlen.
Eher eine Art Wettbewerb zwischen Arabern/Europäern/Amerikanern.
Da wurden schon viele Mill.Petro-Dollar investiert-
so was gibt man nicht auf,so was sichert man sich!-Wer auch immer!?
W.stein

[Steigerwälder]

Hmm , irgentwie ist mir Solidere derzeit zu teuer. 2MD sind schon eine ganz Menge für ein Stadtzentrum in dem immer noch von Zeit zu Zeit Bomben explodieren. Ich bekommen in Bangkok und Singapur Immobiliengesellschaften die bei ähnlich großen Grundstücken nicht viel teurer sind.

Außerdem habe ich bei der Durchsicht der Hompage das Gefühl, das hier weltfremde Künstler am Werk sind. Ich hätte lieber aktionärsfreundliche Manager. Aber wie gesagt- das ist nur mein subjektiver Eindruck.


Werde das Teil aber trotzdem weiter berücksichtigen.
Immerhin hat der nahe Osten das Zeug zu einer Boom-Region und Solidere ist eine der wenigen Möglichkeiten zu partizipieren.

[weisenstein]

15.00 USD
= 12.3392 EUR!

...so 500.000$ Abschlüsse sind schon eine Menge gegen
Anfang 2005>gg.0.
Im Februar der feige Mord -logisch die hohen Umsätze-Panik!
Seitdem steigende Umsätze,also Rückkäufe + Neukäufe.
Solidere ist die politisch brisanteste Aktie des Jahres 2005!Wer die Beirut Historie kennt,weiß um die Bedeutung
eines neutralen Finanz-/Handelsplatzes an der Grenze zur Arabischen Welt!
Risiken stehen hier großen Chancen gegenüber.

[weisenstein]

Mid year audited Results
Six-Month Period Ended
June 30,
2005

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNew…

Profit for the period before tax
32,267,015US$

Basic earnings per share
0.1784(0.0786)

[weisenstein]

Solidere A shares rose 1.27 percent to $13.55 and Solidere B shares rose 1.65 percent to $13.48 on Tuesday. The Hariri-founded company announced Monday that its profits for the first half of 2005 increased to $28.05 million.

"We were expecting such good results from Solidere," said Tareck Sarah, head of financial markets at Financial Funds Advisers International in Beirut. "We believe the shares can go higher because of good earnings, consistent demand from abroad, and because we`re not affected any more by local events."

http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…

[weisenstein]

LEBANON IN BRIEF - WEEKLY EQUITY MARKETS REPORT
October 31- November 4, 2005
SOLIDERE SEMI-ANNUAL PROFITS UP TO $28.05 MLN
Lebanese property firm, Solidere, released its audited
financials for the first half of 2005 that showed a 124%
yearly increase in net profits to $28.05 million in June
2005, compared to $12.52 million in June 2004. It is to
note that the surge in profits was mainly due to Solidere
revenues generated from land and real estate sales, which
amounted to $70 million in the first half of this year.
http://query.dm.net.lb/research/latest/latest.pdf

[weisenstein]

Dubai firm unveils plans for $120 million tower in Beirut DAMAC`s purchase is one of the largest of the year for Solidere, the real-estate firm founded by the late Rafik Hariri which owns much of Beirut`s city center. Solidere is engaged in a multi-billion-dollar project to develop Beirut`s Downtown area, focusing on a 10,000-square-meter commercial center set to open in Downtown in 2006.
The company has been riding a real-estate boom in the Gulf which drove Solidere`s third-quarter profits up 28.5 percent to $28.05 million.
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_i…
Wednesday, November 30, 2005

[weisenstein]

Credit Libanais/FINANCIAL FUNDS ADVISORS INTERNATIONAL Weekly Market Watch
DAMAC PLANS $500 MLN INVESTMENTS IN LEBANON
Damac properties, a Dubai-based property developer,
plans to invest in a $120 million luxury residential tower
in downtown Beirut through its early purchase of a land
from Solidere . In addition, the company also aims to launch investment projects in Lebanon for half a billion dollars in the next four years as part of its expansion plan focusing on the Lebanese tourism sector. The property development will have 27 stores, including luxury apartments and a leisure centre. It is to note that Damac is one of the largest privately owned construction firms in the Middle East with $3 billion of construction projects complete or underway.

Future Brazilian And Lebanese Collaboration
According to Annahar newspaper, a new mutual fund will be created to handle investments in Lebanon and Brazil with a total
paid-up capital of $155 million and structured as follows; $40 million from Lebanese founders, 60 million from Brazilian-
Lebanese founders and a total of $20 million offered for public subscription.
The first project of this fund is expected to be a
five star hotel “Villa Brazilia” for long-term residence in Down Town Beirut . The new hotel will offer services and connections
for Brazilian-Lebanese to motivate them to come back to their motherland Lebanon.

[weisenstein]

Lebanon should cut spending, political bickering to attract GCC investments
MENAFN - 01/12/2005

(MENAFN) Investors said that Lebanon should cut bureaucracy and end political squabbling if it wants to attract investments from GCC companies swimming in petrodollars, Reuters reported.

Property developers investing in Lebanon complained that multi-million-dollar projects faced years of delay because political bickering paralysed decision-making, Lebanese laws were outdated, confusing and ridden with hidden charges.

The Chairman of Dubai`s Damac Properties, whose company plans to invest $500 million in Lebanon over the next four years, said the tiny country could not compete while Solidere, which owns most property in downtown Beirut, charged $5,000 per square metre versus $2,000 at the Marina in Dubai.
Meanwhile, Kuwait`s Landmark`s chairman said his firm had bought a plot in central Beirut three years ago to build a leisure, tourism and residential complex. That land is still being used as an open air car park because Landmark only got the licenses its needs last week.

Lebanon`s government has promised to cut spending, embark on a privatisation programme and tap the international community for debt aid at a conference next year.

[weisenstein]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[weisenstein]

Solidere shares cross $18 threshold
Local, Gulf investors continue to buy properties in Beirut central District

By Osama Habib
Daily Star staff
Tuesday, December 27, 2005
BEIRUT: Shares of the giant real-estate company Solidere jumped over the $18 threshold on Monday as local and Gulf investors continued to buy properties in Beirut Central District.

Solidere A and B shares closed at $18 and $18.42 respectively, an average increase of more than 4 percent. Some brokers say that Solidere stocks may even reach $25 if no major security incident takes place in the near future.

Mounir Douaidy, general manager of Solidere, said that European and U.S. investment firms were among the buyers of Solidere shares and GDRs.

[weisenstein]

Lebanese Company - Liquidity Enhancement Options
RNS Number:2107
Lebanese Co For Dev&Rec of Beirut
26 December 2005In the context of its strategy which aims at increasing trading volumes in itsshares, Solidere is in the process of considering different options to enhancethe liquidity of the stock on the Beirut Stock Exchange including the potentialsale of shares through structured arrangements and has assigned a regionalinvestment banker, EFG Hermes, as an advisor for that purpose. This information is provided by RNS The company news service from the London Stock ExchangeEND

[weisenstein]

Solidere stocks continue their spectacular surge
Daily Star staff
Friday, January 06, 2006


BEIRUT: Stocks of the giant real estate company Solidere continued their spectacular surge as prices closed at more than $20 for both A and B shares. According to Beirut Stock Exchange, Solidere`s A and B shares closed at $20.29, an average increase of 3 percent on Thursday trading.

Brokers say that Gulf investors and leading U.S. investment funds were among the buyers of Lebanese stocks.

They added that some of the Gulf businessmen are using excess cash from the oil boom to invest in Lebanese stocks.

Investors bought $6.5 million of Solidere A shares and $2.9 million of B shares.

Some analysts believe Solidere shares will hit more than $25 even before the end of January.

Solidere`s net profits in the first nine months of 2005 were more than $51 million, more than 100 percent on 2004.

The company signed a $200 million deal with Bahraini investors to build residential units in Beirut Central District.

Apart from Solidere, Banque Audi, BLOM and Byblos Bank all saw their shares rise significantly.


BSE`s market capitalization reached $5.672 billion Thursday, an increase of more than 100 percent on 2004. - The Daily Star

[weisenstein]

FINANCIAL FUNDS ADVISORS INTERNATIONAL SAL 20/01/2006
WEEKLY EQUITY MARKETS` REPORT
ADIH FUNDS $160 MILLION BEIRUT GATE IN SOLIDERE
Abu Dhabi Investment House (ADIH) has announced the
launch of its third investment instrument since inception,
worth $160 million private placement, to fund the
development of the first phase of Beirut Gate, an integrated
sea-view project in the Beirut Central District. According to
the Chief Executive Officer of ADIH, the Investment house is
expanding its activity in Beirut’s Central District as the real
estate’s market in the City is one of the leading destinations of
foreign investments and is offering several opportunities to
Arab investors with regional focus.
-------------------------------------------------
Trading at the Beirut Stock Exchange marked an extremely
dynamic activity this week as prices reached historical records
high with remarkable growth rate. Total weekly turnover
reached $94 million, of which 47% accounted on Solidere
traded shares.
Shares of real-estate giant traded at their highest level due
to a persistent buying activity all week long as investors
are waiting for Solidere’s net profits for 2005, which are
expected to exceed $80 million. Solidere A shares soared
by 5% week-on-week to close at $21.95 after registering
an all-time high of $22.15 on Friday; while Solidere B
shares increased by 5.4% to close at $21.97. Combined
volume on Solidere attained more than 2 million shares in
comparison to 1.61 million shares last week.

[weisenstein]

ADIH plans $160m private placement

Khaleej Times - 15/01/2006

ABU DHABI — Debuting in Lebanon, Abu Dhabi Investment House (ADIH) yesterday announced the launch of its third investment instrument since inception - a $160 million private placement, to fund the development of the first phase of `Beirut Gate,` an integrated sea view project in the Beirut Central District, commonly known as Solidere .


Announcing the significant investment offer to regional investors, ADIH officials said the placement is an ideal opportunity for regional investors to maximise returns on investments leveraging the growth of the real estate sector in Lebanon.

`Beirut Gate has been conceived as a landmark project at the entrance of the Beirut Central District, which is the financial heart of the city. The project comprises seven plots on a total foot-print area of 229,871 square feet and a built-up area of almost 1.9 million square feet overlooking the famous Martyrs` Square of Lebanon, downtown Beirut and the Mediterranean ,` he said.

Beirut Gate will be a mixed-use project encompassing commercial and a major residential component, enabling investments in the prime location within the capital city of Lebanon. ADIH is the investment manager for the entire project and the placement offer for the first phase of Beirut Gate is projected to offer a Return on Investment of 37.5 per cent over an 18-month period.
http://www.menafn.com/qn_news_story_s.asp?StoryId=121735

[weisenstein]

Die internationale Perspektive: Beirut

Privatisierung des Wiederaufbaus

Yasmine Benhadj-Djilali

...Neben Solidere war der staatliche Wiederaufbaurat (Council for Development and Reconstruction, CDR) die wichtigste Institution im Wiederaufbau. Das CDR entstand bereits 1977 nach nur zwei Jahren Bürgerkrieg und sollte als ausführendes Organ des Planungsministeriums den raschen Wiederaufbau auf allen Ebenen vereinfachen und sicherstellen.

Vor dem Beginn der Wiederaufbauarbeiten wurden die Eigentümer der Grundstücke innerhalb des BCD kurzerhand enteignet und mit Anteilen an der Firma Solidere entschädigt. Aufgrund der schlechten wirtschaftlichen Lage im Nachkriegslibanon verkauften die meisten entschädigten Alteigentümer oder Eigentümergemeinschaften ihre Anteile wieder: an Solidere. Flüchtlinge, die während des Krieges leer stehende Gebäude der Innenstadt besetzt hatten, erhielten je nach Verhandlungsgeschick unterschiedlich hohe Entschädigungszahlungen, und räumten so nach und nach ebenfalls das BCD frei. So wurde eine Privatgesellschaft mit dem Wiederaufbau der Innenstadt von Beirut beauftragt. Dies führte zu einer Art Privatisierung der Innenstadt – und zog zahlreiche Proteste nach sich, weil Teile der Bevölkerung sich mit den Wiederaufbauplänen für die Innenstadt nicht identifizieren konnten.

Die Wiederaufbaupläne umfassen ein 1,8 Millionen Quadratmeter großes Areal und konzentrieren sich ausschließlich auf die Innenstadt von Beirut. Die Zerstörung entlang der ehemaligen Demarkationslinie außerhalb des BCD oder einzelne punktuelle Zerstörungen in der restlichen Stadt werden von den Wiederaufbauplänen von Solidere nicht berücksichtigt. Solidere legte der gesamten Planung einen Masterplan zugrunde. Nicht zuletzt aus Prestigegründen wurden – und werden nach wie vor – für einzelne Projekte internationale Realisierungs- und Ideenwettbewerbe veranstaltet. Die Aufgabe von Solidere bestand dabei von Anfang in der Organisation und Neustrukturierung der gesamten Infrastruktur des Areals der Innenstadt. Gleichzeitig aber hatte Solidere die totale Entscheidungsgewalt darüber, was gebaut werden sollte oder was abgerissen werden konnte...http://www.bpb.de/themen/UHFI67,0,0,Privatisierung_des_Wiede…
http://www.downtownbeirut.com/FaresJammal/solidere__downtown…

[weisenstein]

Solidere announces bloc trade of 4.51 million local shares


Compiled by Daily Star staff
Saturday, February 04, 2006


The giant real estate company Solidere announced a bloc trade of 4.51 million local shares valued at $94 million on Thursday as part of an effort to increase its shares of market liquidity on the Beirut Stock Exchange (BSE). This secondary sale of shares was marketed through an extensive management road show that targeted investors in Lebanon, the U.K., the U.S. and the Gulf.

"The success of the transaction was demonstrated by the size of the demand which generated an order book worth more than $380 million, or four more times oversubscribed," the company said in a statement.

It added that almost all of the orders were generated from outside Lebanon highlighting the growing investor interest in Lebanon in general and in the SOLIDERE story specifically.

EFG-Hermes Investment Banking acted as Sole Financial Advisor to SOLIDERE on this transaction.

"As the Lebanese market`s biggest company in terms of market capitalization, the company`s share has suffered from illiquidity of its stock on the local market, which had a direct impact on the secondary listings" the company said
http://www.dailystar.com.lb

In 2005, the daily average trading volume for SOLIDERE shares was 138,000 for tranche A and 104,000 shares for tranche B. Since the start of the road show, the daily trading volume on the BSE jumped 4.3 times to 590,000 shares for tranche A and 2.6 times to 270,000 shares for tranche B. The high over-subscription and strong investor demand are expected to help the liquidity of the stock going forward.

Solidere dominate the value and volume of trading on the BSE and analysts believe that prices of the company`s stocks will continue to rise despite the negative political atmosphere. Prices of Solidere A and B shares are now trading between $24 and $25 per stock.

The company made a net profit of $21 million in the first half of 2005, more than the entire net income for 2004.

[weisenstein]

Regulatory Announcement

Go to market news section

Company Lebanese Co For Dev&Rec of Beirut
TIDM SLED
Headline Liquidity Enhancement
Released 14:07 07-Feb-06
Number 0523Y







As part of Solidere’s efforts to increase the liquidity of its shares on the Beirut Stock Exchange, a block trade of 4.15 million local shares was executed on the Exchange, on Thursday 2.02.06, in a transaction worth US$ 94 million. This transaction involving shares provided from some existing shareholders, was marketed through an extensive management roadshow that targeted investors in Lebanon, the UK, the US and the Gulf. The success of the transaction was demonstrated by the size of the demand which generated an order book worth more than US$ 380 million, representing an oversubscription of 4 times the offered shares. Almost all of the orders were generated from outside Lebanon reiterating the growing investor interest in Lebanon in general and in the SOLIDERE story specifically. EFG-Hermes Investment Banking acted as Sole Financial Advisor on this transaction.
END

[weisenstein]

Beirut bourse needs growth spurt


Daily Star staff
Wednesday, March 01, 2006



BEIRUT: Beirut Stock Exchange (BSE) needs to grow in size and number to be able to attract more investors and boost market capitalization, bankers and investors said Tuesday. "Despite the growth of the BSE in 2005 and the first two months of this year, Beirut bourse is still small in size with hardly 10 companies trading shares," Maan Barazai, the president of Data and Investment Consult Lebanon said during a one day workshop at the Riviera Hotel in Beirut.

He added that if Lebanon wanted to benefit from the influx of gulf investors into Beirut bourse then it must first provide a good environment and more transparency.

"The size of the BSE is small and very limited and banks and financial firms are not making any effort to float more company shares."

Barazi stressed that very few people know who owns the majority of Solidere, the giant real estate company, and we do not know how the transactions are conducted .

Alan Bifani, the director general of the Finance Ministry, said that his ministry submitted a draft law to combat the misuse of information on the BSE.
http://www.dailystar.com.lb

[weisenstein]

FINANCIAL FUNDS ADVISORS INTERNATIONAL SAL 24/02/2006
WEEKLY EQUITY MARKETS` REPORT

GULF INVESTORS CONTROL BEIRUT REAL ESTATE MARKET
According to a recent report released by Ramco real estate
consultants, the real estate market in Lebanon had witnessedan excessive demand in 2005 particularly by Gulf investors.
Last year, Emirates investors controlled 23% of the traded
properties in Beirut followed by Kuwaitis with 20%, Saudis
with 16.5% and Qataris with 6.3%. The Gulf investors
together controlled 67.7% of the traded properties in Beirut in 2005.

[weisenstein]

...und das nächste $600mill Projekt,den Arabern geht das Geld noch lange nicht aus!:

$600 million project for central Beirut

Saturday, April 01, 2006


BEIRUT: Privately-owned Abu Dhabi Investment House (ADIH) has launched a real estate project in central Beirut worth around $600 million. Beirut Gate will include buildings housing luxury residential and business accommodation, ADIH chief executive officer Rashed Janahi told a news conference Friday.

The United Arab Emirates firm launched a $160 million private stock placement in January to finance the first phase of the project, including the initial cost of the land and master plan.

The company said in January it expected the placement to offer a return on investment of 37.5 percent over an 18 month period.
http://www.dailystar.com.lb

"The subscription attracted a great deal of interest from investors because they view Lebanon as a favorite investment destination," Lebanon's official National News Agency quoted Janahi as saying.

He did not set a date for the implementation of the project, one of the biggest investments in central Beirut, which has been largely rebuilt after the 1975-1990 Civil War.

Real estate developer Solidere, Lebanon's biggest company, is the main contractor in the area.

[weisenstein]

[weisenstein]

Gulf money pours into Downtown Beirut
Abu Dhabi Investment house to develop $600 million project

By Nada Bakri
Daily Star staff
Saturday, April 01, 2006



BEIRUT: Privately-Owned Abu Dhabi Investment House announced Friday the launching of a $600 million project involving residential and business facilities in Beirut Central District, the biggest venture in Solidere. The project will cover an area of 178,000 square meters, encompassing seven deluxe residential buildings and business centers with a total area measuring 21,447 square meters.

Gulf investors have been pouring money into Lebanon in general and the BCD in particular since the events of September 11, 2001 in the United States.

The assassination of former Prime Minister Rafik Hariri apparently did not dissuade Lebanese and Arab companies from making major real estate investments in Solidere.

ADIH CEO Rashad Youssef Janahi said the first phase of subscription for the real-estate venture reached $160 million mainly from Gulf investors and businessman.

"The subscription period lasted for 18 months and was very successful ... we managed to secure a financial infrastructure worth $160 million from Arab and foreign investors and businessmen," said Janahi during a news conference.

Janahi said he hoped that project - the first ADIH executes in Lebanon - would be a unique landmark in Downtown Beirut.

"Our studies showed that in approximately 18 months we will regain around 37.5 percent of the total amount invested," said Janahi.

He added that "Beirut Gate" would be developed in a way that will preserve the historical aspect of the city, but using modern technologies which will make it a "fusion of heritage and modern life."

The privately-owned company which is in charge of the project's management and subscription said it is currently looking for a project developer for "Beirut Gate," the Greek model which won the best design in last year's architectural design competition.
http://www.dailystar.com.lb

Solidere, the developer of the Downtown, said Beirut Gate which will be located to the south of Martyrs' Square will generate significant revenues.

"The project will be highly successful and will answer the needs and demands of Lebanese citizens, tourists, businessmen and investors," said Solidere Chairman Nasser Chammaa.

"Beirut Gate" is based on the design of the Athens-based architectural team of Vassiliki Agorastidou, Antonis Noukakis, Lito-Lemonia Ioannidou, and Bouki Babalou-Noukaki who were named first-prize winners in an international competition for a design to revitalize Martyrs' Square in Beirut last May.

Chammaa also said Solidere will soon announce the launching of two other real estate projects in the area, one of which will exceed the budget of "Beirut Gate."

"This indicates that investors still have full confidence in the area ... all investors are making huge profits and are optimistic. Once political stability is re-established, demand for stocks will rise," said Chammaa.

Solidere A and B shares reached $25 three months ago due to the high demand on properties. But the stocks eventually fell to $22 and $21 levels.

Solidere dominates the daily trading of Beirut Stock Exchange which experienced the best growth in 2005 for the first time since the bourse reopened in 1996.

The company recorded a net profit of over $50 million in the first nine months of 2005 and officials say performance will be better than 2004.

The competition for Martyrs' Square and the so-called Grand Axis of Beirut was launched a year ago in June 2004.

[weisenstein]

Property demand boosts Solidere's net profit to $108.5 million for 2005
Real-estate brokers expect gold souk to increase value of shares

By Osama Habib
Daily Star staff
Wednesday, April 05, 2006



BEIRUT: The giant real estate company Solidere reported an impressive net profit of $108.5 million at the end of 2005, almost double the figure of 2004. Solidere, which rebuilt and developed Beirut Central District (BCD) following the end of the Civil War, also disclosed that land sales in the first quarter of 2006 had reached $1.1 billion compared to $218.6 million for the entire 2004.

"Imagine what results we could achieve if we had a real political stability. The prospects of growth in the future are even greater," Solidere chairman Nasser Chammaa said during a news conference at the company's headquarters in the BCD.

He added that the company's sales team is presently negotiating new land sales transactions amounting to $300 million with a number of investors.

Solidere, which was founded by late former Prime Minister Rafik Hariri, is the largest holding company in Lebanon and its shares have dominated trading on Beirut Stock Exchange since the bourse re-opened in 1996.

Arab gulf investors, who reaped huge benefits from the oil boom in the region, have made large property acquisitions in Solidere.

Last week, privately owned Abu Dhabi Investment House announced the launching of a $600 million project involving residential and business facilities in the BCD Beirut Central District, the biggest project of its kind in Solidere.

Chammaa admitted that the talks among leading political factions in the BCD did affect business activity in Solidere, but stressed that the market recuperated quickly.

Most shops, restaurants and offices in the BCD closed few days due to the security measures adopted during the so-called national dialogue.

The assassination of Hariri on February 14, 2005, temporarily affected the business climate in the BCD, but demand on the properties quickly gained momentum following the full withdrawal of Syrian forces who had been stationed in Lebanon for the past 30 years.

Chammaa said that once the gold souk, which covers an area of 100,000 square meters, is completed in the middle of 2007, revenues from rents will reach more than $65 million a year.
http://www.dailystar.com.lb

Real estate brokers believe that the gold souk will be the main showcase of Solidere and would definitely increase the value of traded shares on the bourse.

Currently, Solidere A and B shares are traded at $22.40 and $22.55 respectively.

"These results are in line with the continuous increase in income generated by land sales achieved during 2005, whereby the value of the sales agreements recognized in the financial statements of last year reached $253 million," a Solidere statement said.

It added that financial statements show a total of $450 million of cash equivalents, treasury shares and notes receivables generated by land sales transactions were concluded before and during 2005.

"As such, the company's portfolio in liquid assets only, the majority of which are expected to be collected over the nest two years, amounts to $1.55 billion, approximately corresponding to the initial capital of the company or $10 to the share," the statement said.

Solidere's rental revenues in the year 2005 reached $20.8 million, compared to $18.6 million in 2004.

"Starting in 2008, such revenues are expected to reach $65 million annually as a result of the commercial activity related to the souks of Beirut project," Chammaa said.

He added that Solidere is expected to repay all of its bank loans by the end of 2006, except for $30 million which is related to two foreign bank loans at low interest rates.

Solidere will soon be calling for a meeting of its general assembly to approve its financial statements. During the meeting, the board of directors will propose to shareholders programs for dividend distribution and share buy-back over the next few years.

Chammaa also said that Solidere plans to expand outside Lebanon, stressing that the company will use its name to manage some of commercial areas in some of the Middle East countries.

[weisenstein]

Fleming Gulf to announce "Real Estate Investments in the Middle East Forum" in Beirut

09 April 2006
The Middle East Real Estate market is experiencing an exceptional growth. Real estate investments make vast business opportunities, as well as an ever more competitive property market. Considering the present economic conditions, making traditional investments in the stock and bond markets challenging, it is important to reevaluate investment strategy in constructing your overall portfolio to include real estate. The question then arises - where to invest? How to invest? What options are available? The latest strategies on how to shape and implement a real estate investment strategy, structure transactions and identify the right advisors and investment partners? Etc

Apart from the much so discussed property market in Dubai and the boom in Qatar, property prices in some parts of Saudi Arabia have doubled and tripled in the past year. Again this equates with rising rental incomes and a lower cost of funds. It also makes for an excellent leveraged investment, with a mortgage company putting up most of the funding involved. Dr. Sameer Akbar of Aloula Real Estate Development discusses the urban dynamics of Real Estate focusing on Saudi Arabia in particular. James Wilson has been appointed as the CEO of Nakheel Hotel & Resorts last year and he will be presenting on the latest property developments in Dubai.

Lebanon is another country that is reaping benefits from the withdrawal of Arab funds from the US. Observers say that there has been a marked upturn in property sales following 9/11, especially in the newly rebuilt Beirut central business district area. Solidere, a Lebanon-based property developer, stated that approximately 50% of the flats and commercial spaces their firm is developing have already been sold to Arab nationals. Like wise Jordan has been in the lime light recently with the developments in the special zone of Aqaba. Ali Kholaghassi, Vice Chairman and CEO for Saraya Holding along with H.E Imad Fakhoury, Chairman and CEO for Aqaba Development Company (ADC) will speak about the PPP investment opportunities this region...
Following the great success from last year's Real Estate development Forum and increasing demand, Fleming Gulf - A Jacob Fleming Group, based subsidiary in Dubai has prepared conference on "Real Estate Investments in the Middle East", to be held on 26th & 27th of June 2006 in Beirut.

Copyright © 2006 ABQ Zawya Ltd. All rights reserved.

[weisenstein]

mmobilien
Solidere - Wette auf den Immobilienboom in Beirut


12. April 2006 Blickt am auf die Performance der Börsen in den vergangenen Jahren, so gehörten die arabischen Börsen zu den besten. Abgesehen von den kurzfristigen Korrekturen seit Beginn des Jahres 2006 natürlich.


Auf Sicht eines Jahres liegt jedoch immer noch der ägyptische Case 30 mit einem Plus von 417 Prozent in Euro an erster Stelle, gefolgt von den Börsen in Kolumbien, Dubai und dem Libanon. Der libanesische BLOM Stock Index legte in den vergangenen zwölf Monaten 128 Prozent zu, seit Beginn des laufenden Jahres beträgt der Kursgewinn knapp 20 Prozent.

Immobilienwert Solidere - gewichtigster Wert im BLOM Stock Index



Zu den gewichtigsten Werten im Index gehört der Immobilienwert Solidere, der mit Blick auf seine in Dollar notierte B-Aktie von einem Zwischentief bei 4,21 Dollar im November des Jahres 2003 inzwischen 435 Prozent auf zuletzt 22,54 Dollar zugelegt hat. Auch wenn das Papier seit Jahresbeginn konsolidiert, zeigt der mittelfristige Trend weiterhin nach oben.

Hintergrund der erfreulichen Kursentwicklung dürfte einerseits der Boom der arabischen Börsen generell sein. Er kam einerseits aufgrund der deutlich gestiegenen Einnahmen aus Öl- und Gasverkäufen zustande, andererseits dürften auch Diversifikationsüberlegungen eine Rolle gespielt haben. Denn wer will angesichts der strukturellen Risiken in der amerikanischen Wirtschaft schon alles Geld in Dollarpapieren investieren?

Gleichzeitig scheint Solidere gewisse Reize zu bieten. Denn die Gesellschaft, die ursprünglich vom etwa vor einem Jahr ermordeten, damaligen Ministerpräsidenten Rafik Hariri gegründet worden war, beschäftigt sich mit nicht viel anderem, als mit dem Wiederaufbau des im Bürgerkrieg der Jahre 1975 bis 1990 zerstörten Stadtkerns von Beirut. Und diese Aktivitäten profitieren offensichtlich vom Immobilienboom im arabischen Raum, aber auch von der Beliebtheit der Stadt bei Touristen und Geschäftsleuten. Sie kämen vor allem vom persischen Golf.

Das zeigt sich auch am Engagement bekannter Investoren. So baut der saudische Milliardär Prinz Alwaleed bin Talal ein Hotel mit einem Wert von 110 Millionen Dollar, Richard Branson hat schon im Jahr 2001 den größten Virgin Mega Store der Region eröffnet und das Abu Dhabi Investment House entwickelt ein 600-Millionen-Dollarprojekt, das sowohl Büros als auch Appartements umfaßt.

Markante Landverkäufe

Auch bei Solidere selbst scheinen die Geschäfte nicht schlecht zu laufen. Das Unternehmen konnte den Gewinn im vergangenen Jahr im Vergleich mit dem Vorjahr auf 108,5 Millionen Dollar verdoppeln. Dazu dürfte unter anderem der Verkauf von Land im Wert von 235 Millionen Dollar im Jahr 2005 beigetragen haben. Und die weiteren Perspektiven scheinen sich eher noch besser auszusehen.

Denn nach Angaben des Unternehmenschefs Nasser Chammaa hält der Appetit der Investoren an, obwohl das Unternehmen seine Preise nach eigenen Angaben erhöht hat. Der Quadratmeter koste inzwischen zwischen 1.700 und 3.300 Dollar. Im Jahr 1995 habe man bei einem Preis von 950 Dollar mit den Verkäufen begonnen. Alleine im ersten Quartal des laufenden Jahres sei Land mit einem Wert von 1,2 Milliarden Dollar verkauft worden, über weitere 300 Millionen werde gerade verhandelt, teilte das Unternehmen mit.

Die Gesellschaft verfügt noch über Land mit einem Wert von sechs Milliarden Dollar. Gleichzeitig gibt es aber auch Pläne, Land im Mittelmeer zu gewinnen. Solche Projekte gibt es schon in den Vereinigten Arabischen Emiraten, in Katar und auch in Bahrain. Gleichzeitig hat das Unternehmen auch Pläne, außerhalb des Libanon aktiv zu werden. Auf Basis der Gewinnschätzung für das laufende Jahr von der ägyptischen EFG-Hermes-Bank liegt das Kurs-Gewinnverhältnis bei 14. Allerdings deuten die jüngsten Verkäufe darauf hin, daß die Entwicklung unterschätzt werden könnte. Das Unternehmen selbst hält die eigene Aktie für unterbewertet und denkt an Aktienrückkäufe. Insgesamt dürfte die Aktie noch gewisse spekulative Reize bieten.http://www.faz.net/s/RubEA492BA0F6EB4F8EB7D198F099C02407/Doc…

[weisenstein]

Thursday, April 27, 2006
Solidere announces $1.3 billion project

BEIRUT: Solidere said that a Kuwaiti investment group will build a $1.3 billion residential and business project in Beirut Central District (BCD), the second such huge project revealed by the giant real estate company in less than two months. According to a statement by Solidere, the new project will include developments by Levant Holding, a Kuwaiti firm set up by al-Sayer Group.

The project has a footprint of 20,000 square meters and will boast 206,000 square meters of constructed residential areas, shopping malls and entertainment centers.

Solidere, which was founded by late former Prime Minister Rafik Hariri, was able to attract major investments that came mainly from the oil-rich Gulf States.

Meanwhile, Solidere chairman Nasser Chamaa expected the company's net profits in 2006 to "way exceed" the $108.5 million earned last year with brisk property sales driving growth in the next two years.

"I have a very positive outlook for 2006 and 2007 because of the strength of the sales we have achieved in the first three months of this year," Chairman Nasser Chamaa said.

But Chamaa said his firm had $1.2 billion in sales in several projects from January to March, topping sales for all of 2005 by a wide margin.

"This is over four times the total sales of 2005," he said on the sidelines of a project launch in Kuwait.

Lebanon's biggest firm had doubled its net profit in 2005 on surging land sales to mainly Lebanese and Arab investors.

"In 2005 we've had a 100 percent increase in profits. So that gives you an idea of how our profits will expand considering that the margins of every sale now is increasing because we are increasing prices," Chamaa said.

Asked if he was confident Solidere will improve on 2005 profits, he said: "We already beat them. With the sales we've done in the first three months we'll have a significant improvement on 2005."

Chamaa said Solidere had about $1.7 billion in cash and cash equivalents but no debt.

"We plan to pay it back to the shareholders ... it will be in dividends and share buybacks," Chamaa said. - With agencies



Copyright (c) 2006 The Daily Star

[weisenstein]

Three-month period

March 31,

2006 2005

US$ US$




Net income (loss) for the period 30,494,859 9,310,829



Basic earnings (loss) per share 0.1902 0.0594



http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNew…

[redbulll]

Kaufen, wenn die Kanonen donnern?

[Steigerwälder]

Wenn die Situation hoffnungslos ist, wartet man noch eine Weile. Dann ist der richtige Zeitpunkt zum Kauf. Meint zumindest Jimmi Rogers


Habe mich im Oktober schon mit der Aktie beschäftigt. Habe damals beschlossen nichts zu unternehmen und das Teil auf die Watchlist zu setzen. Dabei bleibt es erstmal. Bei einstelligen Kursen sehen wir weiter...

[Plutokrat]

Wie klein die Welt manchmal ist: Da klicke ich in diesem Thread auf den Namen Steigerwälder, lese seinen CANTV-Thread, werde dort von thk auf ein anderes Board verwiesen und finde dort (http://www.antizyklischinvestieren.de/board/thread.php?threa…) eine Nachricht zu Solidere (Originalquelle:http://yalibnan.com/site/archives/2006/06/lebanons_larges.ph…):

Lebanon's largest corporation to distribute $100 Million in Dividends
Tuesday, 13 June, 2006 @ 5:50 PM Beirut, Lebanon - Following an impressive hike in net profit in 2005, real estate giant Solidere will distribute $100 million in cash dividends to its shareholders. Solidere's share price skyrocketed after the Syrian forces ended their 30 year occupation of Lebanon, when property in Beirut was in high demand. Solidere, Lebanon's largest company, was founded by slain Prime Minister Rafik Hariri raised $108.5 million in profits. Total revenues from land sales in 2005 alone reached $252.8 million.The decision to distribute the dividends came following a general assembly meeting on Monday, which saw the election of a new board of directors headed by Nasser Chamaa.The company's top officers gathered for a general assembly meeting on Monday where they elected a new board of directors and agreed on a distribution of $0.60 per share for A- and B-category shares. The dividends will be distributed on August 15 of this year.< (BCD). District Central Beirut the in stakes significant buy to investors Arab and Lebanese spurred which 2005, April, Lebanon army their withdrew government Syrian The> The company's officials anticipate an even stronger performance in 2006, as the demand for real estate continues to grow.A couple of months ago, Solidere signed a $1.3 billion real estate project with a joint Lebanese and Kuwaiti company, the largest single project in the history of the company.

Sources: Ya Libnan, Daily Star

[gregoryus]

@ all

Im Falle eines länger andauernden Konfliktes könnten wir auch noch sehr viel niedrigere Kurse bei solidere sehen

Also kein Grund zu schnellem A
gieren.

[weisenstein]

Antwort auf Beitrag Nr.: 23.290.156 von gregoryus am 02.08.06 22:51:33

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNew…
SOLIDERE Financial Results for the six months ending June 30, 2006, as reviewed by its auditors

SOLIDERE announces its half year financial results which show a net income of US$ 77.8 million or the equivalent of US$ 90.7 million before income tax. This represents an increase of about 177% compared to the results of the same period in 2005 of US$ 28 million, given that most of the company’s land sale deals are usually recognized around the end of the year, which will result in a much larger profit figure for the whole year.

In this regard, the company’s backlog as of 30/6/2006 of previously signed land sale contracts that have not yet been recognized in the mid year accounts, amount to around US$ 1.09 billion, most of which are expected to be recognized within the next two years.
............................
Solidere unaffected so far
AME Info (Donnerstag, den 17. August 2006 - 05:34 Uhr)
Solidere says Q2 2006 profit, which was not affected by the conflict in Lebanon, more than doubled to $47.3m, compared with Q2 2005, Reuters reported. Central Beirut, Solidere's main area of operation, was undamaged by the fighting. But most real estate deals have been frozen over the past month, and analysts say it is difficult to tell whether property prices have fallen.

---------
Zawya (Mittwoch, den 16. August 2006 - 10:48 Uhr)
Solidere 1H Profit Surges To $77.8 Mln Vs $28.05 Mln 05
In a statement on the Kuwait Stock Exchange Web site, the company said earnings per share also increased to $0.49 from $0.18. Second-quarter profit more than doubled to $47.31 million from $18.74 million a year earlier.

[weisenstein]

Libanon-Blockade aufgehoben - deutsche Marine soll Küste überwachen
Israel hob nach fast zwei Monaten die See- und Luftblockade des Libanons an diesem Donnerstag um 17.00 Uhr MESZ auf und ebnet damit den Weg für die Entsendung der deutschen Marine zur Überwachung der Küste. Wie die Regierung in Tel Aviv weiter bekannt gab, wurden noch am Mittwochabend deutsche Experten auf dem Beiruter Flughafen erwartet.

Viva Beirut!-Und noch ein paar Bürochen für die UNO und die ständigen Beobachter?

[weisenstein]

Solidere expantiert!
Solidere $6.8bn Ajman investment
Lebanon's real estate major Solidere is investing $6.8bn in a real estate project in Ajman, according to a report in Dubai-based Al Bayan cited by Dow Jones Newswires. Solidere will develop the $13.6bn project in a 50:50 partnership with the Ajman government. It is expected that the project will be launched in the next three months.
http://www.zawya.com/Story.cfm/sidZAWYA20070124033310/SecInd…