Friday, January 4, 2019

Rahmeh brothers to invest in Bankmed. Total contribution to be below ten percent of the bank



Investors Teddy and Raymond Rahmeh are planning to buy shares in Bankmed.

"We were informed of the matter and we do not object it," said Riad Salameh, Governor of the Central Bank.

Negotiations are ongoing and the final number of shares is still being negotiated, according to Bankmed and representatives of the Rahmeh brothers.

The number of shares will not exceed five percent for each of the two shareholders. "This percentage does not require our consent," Salameh said i...

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