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CORPORATE NEWS
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BANK AUDI GROUP ANNOUNCES THE SALE OF ITS JORDANIAN & IRAQI BRANCHES AND ITS STAKE IN BANK AUDI SYRIA

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BANK AUDI S.A.L. MERGES ITS PRIVATE BANKING AND INVESTMENT BANKING ACTIVITIES

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SOLIDERE GROUP REPORTS NET PROFIT OF AROUND $38 MILLION IN H1-2020

<p style="text-align: justify;">The Lebanese Company for the Development and Reconstruction of the Beirut Central District S.A.L. (Solidere) released its consolidated financial statements (which take into account the company’s subsidiaries), reporting a net profit of $38.07 million in the first half of the year 2020, compared to a profit of $42.14 million in H1-2019. </p>

HOLCIM (LIBAN) REPORTS A NET LOSS OF $0.85 MILLION IN 2019

Holcim (Liban) S.A.L., one of the leading cement companies in Lebanon, published its audited financial statements this week, reporting a net loss of $0.85 million in 2019, in comparison with a profit of $27.38 million a year before.

SOCIETE LIBANAISE DES CIMENTS BLANCS REPORTS A NET PROFIT OF $2.06 MILLION IN 2019

Société Libanaise Des Ciments Blancs S.A.L. published its audited financial statements this week, conveying a 64.36% sharp annual drop in net after-tax profit to $2.06 million in 2019, compared to $5.79 million a year earlier.

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BANK AUDI EGYPT REPORTS NET PROFIT OF $65.04 MILLION BY END OF SEPTEMBER 2020

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