Saradar Capital Holding, the Lebanese conglomerate holding, announced the acquisition of 51% of Assurex SAL, a 40-year old Lebanese insurance company owned by the Fattal Group.

Following Banque du Liban’s approval, Banque de l’Industrie et du Travail SAL (“BIT”) and Near East Commercial Bank SAL (“NECB”) have the pleasure to announce that the NECB shareholders have swapped their shares with shares in BIT, leading to the creation of one group of shareholders in BIT.

Banque de l'Industrie et du Travail sal ("BIT") and Near East Commercial Bank sal ("NECB")-member of Saradar Group-announce that they have signed a Memorandum of Understanding (MOU) to merge both entities, subject to Central Bank approval.