Home BusinessQ&A: Nasser Chamaa

Q&A: Nasser Chamaa

by Executive Contributor

Solidere has launched a new program thought to bring many changes to your business. What is the program’s core offering? The program is based on settling part of the price of real estate transactions through shares at a time when we have noticed a major pickup in interest in developing downtown projects. What motivated you to create this program? What started us thinking about this program was the realization that the share price cannot stay where it is, because it is significantly undervalued. We have to do something to try to make people and shareholders realize that there is much more value in the company stock. In launching the program, you mentioned that the Solidere share price is undervalued. Where do you see the fair value? We estimate that the land bank that we own is worth $ 4.5 billion. That is excluding the properties that have been developed, which

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