Small shareholders in #Solidere mulling lawsuit against board on mismanagement grounds
▻http://english.al-akhbar.com/content/small-shareholders-solidere-mulling-lawsuit-against-board-mismana
Beirut’s central district which is owned by real estate giant Solidere. (Photo: Marwan Tahtah) #Beirut's central district which is owned by real estate giant Solidere. (Photo: Marwan Tahtah)
Solidere board members are making side profits from being part of companies that do business with Solidere, such as Bank Med and real estate developers, or subsidiary tourist enterprises established in a way that violates the laws related to the company’s scope of work. Small shareholders are disgruntled about this situation as well as the company’s financial results, and some plan to sue on mismanagement grounds.
Mouhamad Wehbe
read (...)
#Economy #Articles #BankMed #Beirut_central_district #Beirut_Waterfront_Development_Company #Joseph_Esseili #Lebanon #Raphael_Sabbagha