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Since inception, Solidere has distributed dividends in 13 out of its 22 years of operations for a total value of US$ 1.2 billion, out of an aggregate net income of US$ 1.6 billion. Solidere stands by its commitment to distribute dividends to shareholders depending on the level of profits and available liquidity after providing for capital expenditure towards infrastructure and real estate development projects.

Second Notice for Ordinary General Meeting of Shareholders - 2017

Whereas there was no quorum for the first General Meeting on May 26, 2017, and in accordance with the provisions of Article 46 of the Articles of Incorporation of the Company, the Board of Directors of the Lebanese Company for the Development and Reconstruction of Beirut Central District, s.a.l. (Solidere) hereby invites anew the Shareholders of both Class (A) and (B) to attend an Ordinary General Meeting to be held on Monday, June 19, 2017 at 9.30 A.M. at the Biel Center, Central District, Beirut.


The Agenda of the Ordinary General Meeting is as follows:

  1. To listen to the Board of Directors’ report for the Company’s activities during the  year 2016.
  2. To listen to the Auditors Report related to the Financial Statements and the Consolidated Financial Statements for the year 2016.
  3. To discuss the Financial Results of the Company for the year 2016.
  4. To examine the Board of Directors’ Special Report and the Auditors Special Report and to grant the members of the Board of Directors the authorizations stipulated in Articles 158 and 159 of the Code of Commerce.
  5. To give full discharge to the Chairman and to the members of the Board of Directors for the year 2016.


If there is no quorum in the second Ordinary General Meeting, the Board of Directors hereby invites the Shareholders of both Class (A) and (B) to a third Ordinary General Meeting that will be held on Monday, July 11, 2017 at 9.30 A.M. at the Biel Center, Central District, Beirut.

Shareholders have access, at the Company’s head office,  during the fifteen days that precede the Ordinary General Meeting, to the inventory list, the balance sheet, the profit and loss account, the list of shareholders, the general and special reports of the Board of Directors, the general and special reports of the Auditors.

Shareholders shall have the right to attend personally the Ordinary General Meeting, or to be represented thereat by other shareholders in accordance with the provisions of the law and the Articles of Incorporation.


The Board of Directors

Dividend History

Declaration DateDiv./SharePayment DateDeclared Dividends (USD)Payout RatioDiv. Yield*
23-Jun-03Stock Dividend (1:40)21-Jul-0319,625,55047.70%2.50%

Stock Dividend (1:30)


Stock Dividend (1:50)


Stock Dividend (1:50)
12-Oct-15 16,015,415


Stock Dividend (1:80)

*Based on Declaration Date Share Price