January - March 2002
Retail openings

Aglet handbags and shoes
Akiki's cigars
Alicante shoes & handbags
Al Massa.com computer café

Aziz & Walid Mouzannar jewelry
Bacalao Spanish restaurant
Body One lingerie
Gerard Darel boutique
Cat’s accessories
Chez Pierre lingerie
Easy Cars car hire
Foot Avenue athletic footwear
Hugo Boss
La Camiceria Italiana
Le Foch café
Les Trésors d’Annie
Madonna Thierry jewelry
O-mi-centre café

Park II restaurant
Paul café and bakery
Prime DVD's & videos
Primola chocolates
Randa Khalil Raad jewelry
S du Sô restaurant
Shay wa Naanaa

Opening Soon

Banzalini menswear
Bistro de Beyrouth
Ciao & Duo restaurants
Hatab lingerie
Ikks children’s wear
Joffrey’s Coffee & Tea company
Mario Bruni
Medici da Natalia
Nakhle ladies wear
Nicolas photography
Rive Droite boutique
Samsung televisions
Santiago handbags and shoes
Sarkis Buchakjian jewelers’
Teruna jewelry

Moved into SOLIDERE properties

British Embassy in the Embassy complex in Zokak
El Blatt
Aïshti operations in building 1138 in Foch-Allenby
Future Media Services in building 201 Maarad street
A&B s.a.r.l. in building 142 in Foch-Allenby.

Other newcomers

Banque Audi
Bank Al Madina
Belgian Embassy
Middle East Airlines
Royal Insurance
Turkish Consulate


With the Saifi residential area now occupied, SOLIDERE has put on the market space on street level to be used for convenience stores, antique and speciality shops.
Office space is offered for rent in buildings 201 and 1301 in the Maarad area and in building 200 in the Nejmeh Square area.
Both office and residential space is available in lot 1131 Zokak El Blatt near the Serail hill.
Apartments are also offered in restored residential buildings in Zokak El Blatt.





Foot Avenue

 Gerard Darel

The Spanish cultural center Instituto Cervantes has moved to building 287 Maarad street. Prime Minister Rafik Hariri attended the opening ceremony on January 23, along with the institute's director general Jon Juaristi, Culture and Tourism ministers Ghassan Salameh and Karam Karam, and Spanish ambassador Miguel Carriedo.


S du Sô

Both office and residential space is available in lot 1131 Zokak El Blatt near the Serail hill

Saifi Shops

Saifi Shops

Building 201 Atrium

Share performance during the 1st quarter

SOLIDERE shares started the quarter on a steady note, trading between US$41/2 and US$5 during the first two months. Early March, both shares moved above US$5, after the Company announced that US$120 million worth of built-up space had been sold since the beginning of the year. By the quarter end, however, turmoil in the Middle East took its toll on the shares. Share A closed the quarter unchanged, at US$45/8; while share B closed slightly below US$41/2, 2.7% lower than the previous quarter. Trading activity turned higher, with around 1,813,152 shares exchanging hands. In addition, two Special Orders were executed off the market floor, involving 2 million B shares and 950,000 A shares at US$51/8 each. The GDRs, traded on the London Stock Exchange, moved higher during the quarter, closing at US$51/8.