The Council of Ministers has issued a decree to establish the Beirut Stock Exchange SAL (BSE) as a joint stock company. The new BSE will replace the existing bourse, which will be liquidated.
The initial capital of the new company is set at LL100 million ($66,000) divided into 100,000 shares, each with a nominal value of LL1,000. It could be increased in the future by issuing new shares, or by converting reserves into stocks, or by other legal means.
The shares of the new BSE will...
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