Lebanon Opportunities

Better go with preferred shares and Solidere

ew local options are open to investors amid the de facto capital controls, the currency depreciation, and the risks looming over the banking sector and government bonds. Many investors are looking for physical assets to preserve the value of their wealth as concerns about rising inflation mount. Some of these investors saw Solidere’s shares as a possible option since the underlying assets are real estate properties. Some analysts cautioned against investing in Solidere’s shares in light of the unrest in Beirut Central District, and because it is a loss-making company. They advised investors against investing in the banks’ current capital increase, or in their preferred shares. Analysts are recommending against investing in sovereign bonds in light of the uncertainty regarding the government’s plans for maturing Eurobonds. Financial institutions and brokerage firms are accepting checks from investors as payments for

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