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CORPORATE NEWS
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BYBLOS BANK INTENDS TO DELIST ITS GDRS FROM THE LONDON STOCK EXCHANGE

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SOLIDERE GROUP REPORTS NET PROFIT OF AROUND $49 MILLION IN 2019

Solidere Group's consolidated financial statements report a net profit of $48.97 million in the year 2019, compared to a net loss of $115.69 million in 2018.

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THE COMBINED PROFITS OF LEBANESE BANKS’ SYRIAN SUBSIDIARIES AT SYP 6.95 BILLION IN 2019

The combined net after tax profits of Lebanese banks’ Syrian subsidiaries rose by SYP 4.55 billion year-on-year to just below SYP 6.95 billion ($13.50 million) in 2019, up from SYP 4.61 billion ($8.94 million) in 2018.

BANK AUDI EGYPT REPORTS NET PROFITS OF $16.79 MILLION IN Q1-2020

Tne net after tax profits of Bank Audi S.A.E. contracted by 18.91% y-o-y to EGP 264.33 million ($16.79 million) in the first quarter of 2020, down from EGP 325.97 million ($18.80 million) during that same period in 2019.

BANK AUDI ANNOUNCES TERMINATION OF TALKS WITH FADB OVER SALE OF EGYPTIAN SUBSIDIARY

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ODEABANK A.Ş. POSTS NET PROFITS OF TRY 31.80 MILLION IN Q1 2020

Bank Audi’s fully-owned Turkish subsidiary “Odeabank A.Ş.” saw a seven fold annual increase in net after tax profits to around $4.84 million during the first quarter of 2020, up from around $0.72 million in the same quarter in 2019. <p class="MsoBodyText" style="text-align: justify; text-justify: inter-ideograph; line-height: 14.0pt;"><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Verdana;" lang="X-NONE">Bank Audi’s fully-owned Turkish subsidiary “Odeabank A.Ş.”</span><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Verdana; mso-ansi-language: EN-US;"> saw a </span><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Verdana;" lang="X-NONE">seven fold annual increase in net after tax profits to around $4.84 million during the first quarter of 2020, up from around $0.72 million in the same quarter </span><span style="font-size: 9.0pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Verdana; mso-ansi-language: EN-US;">in 2019.</span></p>

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