With Solidere having registered positive stock performance since the beginning of the economic crisis in Lebanon, and with Lebanese rushing to buy real estate in order to hedge against the depreciation of the Lebanese currency, Executive sat with Ziad Abou Jamra, Secretary of the Board of Directors at Solidere and Deputy General Manager, to talk about Solidere’s performance and the current state of real estate in Lebanon. 1. With regards to the August 4th explosion, what is your assessment of the damages caused to Solidere properties? Have any of these been covered by insurance? How much of it is being repaired by Solidere? The explosion that occurred on August 4, 2020, caused severe damages to our facilities. The insurance policies that we have cover all possible causes but they nevertheless need to pinpoint a cause before initiating reimbursement in our favor. We are not waiting for that to occur but
