Dubai's Al Habtoor Group To Sell All Lebanon Assets

MENAFN- Khaleej Times) Al Habtoor Group announced on Monday that it has decided to sell all of its assets and investments in Lebanon, including its hotels, commercial and residential properties, and land holdings.

The decision follows the group's announcement on January 28 that it would cease operations in Lebanon, and marks the next phase of a wider strategic review of its investment portfolio and long-term priorities.

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The board concluded that complete divestment was the most appropriate course, in line with its commitment to responsible investment management, capital allocation and the protection of its interests.

The group said it will carry out the sale through a structured, commercially driven process. Each asset will be assessed on its individual merits, and transactions will be pursued in line with market conditions and valuations. It added that further details on the process will be announced as appropriate.

Lebanon's political and investment outlook remains challenging amid renewed conflict, political divisions and delays in economic ...