Construction site in Downtown Beirut, Tuesday, July 24, 2018. (The Daily Star/Hasan Shaaban)
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Solidere Chairman Nasser Chammaa and some shareholders have asked the company's new board of directors to prepare a plan to sell properties by settling part of the price through shares, a statement by the company said Tuesday. According to the proposal, investors who hold shares in the company can use some of their stocks to cover part of the value of purchased property.Solidere A shares rose by 5.39 percent to close at $7.81, while B shares increased by 8.48 percent to close at $7.80 .Solidere shares are one of the dominant stocks traded on the bourse.Share prices are still below their value when the company was founded in 1994, however.
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