quarterlyOctober-December 2012

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PRICE VOLUME

Share perfOrmance | 4th quarter 2012

$14.0

$13.5

$13.0

$12.5

$12.0

$14.0

$13.5

$13.0

$12.5

$12.0

80,000

60,000

40,000

20,000

0

80,000

60,000

40,000

20,000

0

October 1 November 14 December 31

October 1 November 14 December 31

Share B | Daily clOSing priceS

Share price (US dollars) Trading volume

Share a | Daily clOSing priceS

PRICE VOLUME

Trading activity remained subdued during the last quarter of the year as regional and local politics remained volatile. However, both classes of shares witnessed some interest around the year end, with share prices closing the quarter on a positive note.

Share A fluctuated between a low of US$12.15 and a high of US$13.49, closing the quarter at US$13.00, a 3.09% increase from the previous quarter. Share B traded between a low of US$12.13 and a high of US$13.48, closing the quarter at US$12.93, a 3.11% increase from the previous quarter.

Trading activity increased during the quarter, with around 2 million shares of both classes trading in the local market. GDRs traded on the London Stock Exchange closed at around US$13.00, a 3.17% increase from the previous quarter.

Saifi Village and Martyrs’ Square Axis

111,264 113,496

194,660

BuSineSS & finance

clOuD5 Launched by Solidere Management Services (SMS) during the quarter, the project aims to give start-ups and entrepreneurs the environment and support they need to succeed in Lebanon’s fledgling technology sector.

The 500 sq m space located in the midst of the city’s major financial and technology companies, accommodates around 60 people, with expan-sion plans to include a large auditorium space, a café and additional work areas. The main attraction of Cloud5 is the 24/7 availability of 10 Mbs dedicated internet bandwidth available through the fiber-optic broadband network installed across Beirut Central District.

harBOr SquareThe latest open space delivered by Solidere is conceived as a reinterpretation of the space as a harbor, with areas perceived as water or land.

cOnferenceSSolidere participated in: Investment Meeting, Paris, October 11-13 Equity investor conference, Lebanon Capital Markets Day, London, November 26

Solidere Angus Gavin attended: New Cities Foundation / Ford Foundation networking event, New York, October 25-26 European Investment Bank, Medinas 2030Sustainable project implementation, Marseille, November 13-14 11th FEMIP Conference Towards Sustainable Tourism in the Mediterranean, Marseille, November 27 2nd KSA National Built Heritage, Dammam, December 11-12

awarDS City in Layers, Solidere Annual Report 2010 with Gabriele Basilico photos, earned both 2012 Red Dot Grand Prix and iF gold award.

Fête de la Musique got the TimeOut Beirut Best Music Festival Nightlife Award 2012.

DevelOpment newS A total of 394 projects representing close to 3 million sq m BUA are in various stages of development.

StatuS prOJectS Bua Sq m

Completed 270 1,385,800Under restoration 6 12,543Under construction 49 524,044Awaiting permit 23 371,448Under study 25 359,324No activity 7 16,632Awaiting submission 14 407,835tOtal 394 3,077,626

SaleSOne development lot in Sector D was sold by Solidere during the last quarter. Block 145, Plot 3, covering a land area of 2,141 sq m, was purchased by Marfaa Quindici Quindici s.a.l. to be developed into a residential building totaling 12,000 sq m of floor area.

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real eState prOJectS Solidere’s land sale and real estate strategies are proceeding in parallel. As a land bank, the Company targets developers with innovative projects, sometimes contributing concepts or providing project management. It also creates and manages its own real estate developments, alone or in joint venture with third parties.

Among others, the following new projects, designed by local and international architects, were in active stages of development around Martyrs’ Square Axis and Saifi during the last quarter.

BACHOURA COMPANYLot 1544 BachouraArquitectonica (US) / AAA Permit at Municipality

PLUS TOWER ONE & TWO Lots 1525 and 1542 BachouraArquitectonica (US) / Erga Group Under construction BACHOURA COMPANYLots 987 and 1523 BachouraChristian de Portzamparc (France) / MZ Architects Under design

DISTRICT//SLot 1075 SaifiAllies and Morrison Architects (UK) / R & K ConsultantsUnder construction

BEIRUT GARDENSLot 1524 MarfaaArata Isozaki (Japan) / ERGA Group Under construction MARFAA 94Lot 1538 MarfaaMachado and Silvetti (US) / Charles Hadifé Under construction

178 SAIFI VILLAGELot 178 SaifiNabil Gholam ArchitectsUnder construction

1079 REAL ESTATELot 1079 SaifiYousef Haidar Almost completed SAIFI SQUARELot 1059 SaifiNabil Gholam Architects Permit at Municipality

BEIRUT HARBORLot 1504 MarfaaFouad Menem Under construction

SELMAN BUILDINGLot 1056 SaifiNabil Azar Under construction

178 Saifi Village

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leiSure & ShOpping

eventSBeirut SOukS Cirque du Liban, children’s activities, for 200 orphans from Ajialouna to celebrate Adha, October 19 Chocol’art, November 2 WeCancerVive, fund raising for the May Jallad Foundation, November 3 Christmas Village, December 8 – January 7

chriStmaS marketS Saifi Village Zaitunay Bay

hallOween Dress Up, Saifi Village, October 27

6:05 at DepechemODe Kashida & Ladybug, October 11 Gentlemen’s Hour, October 25 Aila & Sigrid, November 8 Independent artists, November 22 Lomography, fund raising in support of Roads for Life, December 21

Biel Development and Real Estate Annual Meeting (DREAM), October 10-13 Afkart, December 13-20

leBanOn water feStival 2012Beirut waterfront, October 14

faShiOn ShOw Aishti F/W 2012-2013, October 31

muSicBeirut SOukSPortal 9 launch was enlivened by quartet Saadet Türköz vocals, Cynthia Zaven piano, Sharif Sehnaoui drums and Tony Elieh electric bass, Jewelry Souks, November 4

muSic hallDhafer Yousseff sextet, October 16Les Brigittes, December 16

Biel Back to Bass Tour, Sting, November 28Toni Braxton, December 8A Foot in the Door, Brit Floyd, December 22

claSSical muSic Musical Momentum, Quatuor del Tempo, Capuchin Church, October 23

Independence Day traditional Grand Serail concert, Mauro Maur trumpet, Françoise de Clossey piano, with the Antonine university choir, organized by Italian Embassy, November 22

A Journey Through Different Musical Eras, Piacevole Trio, Eleonore Schulz violin, Shushan Artinian cello and Lory Aintablian piano, National Evangelical Church, December 18

Christmas concert, LAU choir led by Leila Dabaghi, Evangelical Church, December 21

city centernewcOmerSAntoine Karam House Linen Bvlgari Cavalli CaféLavida Habana Beirut Les Gourmets des Ternes Officina Slowear Tory Burch Versace SUZ

Opening SOOn Façonnable Mandarin Oriental Hotel Nanokeratin System Pal Zileri Panamera Robert Abi Nader Rolex Samsung The Kooples Tufenkjian

Beirut SOukSnewcOmerSBensimonDaniel HechterGAPG. Nasrallah Fourrures JLC Oliviers & Co

Opening SOOn Virgin Megastore Superdry

Beirut marathOn The 10th BLOM Beirut Marathon on November 11 consisted of a 42.2 km run, a wheelchair marathon, a relay mara-thon, a 10 km fun run, a kids 5 km run, a 1 km mums and buggies run and a celebrity race.

8

art SeaSOn

Beirut eXhBitiOn centerArt from Lebanon, curators Nadine Begdache and Saleh Barakat, scenography Karim Begdache, October 25 – December 9 Le Voile d’Isis, paintings, Liliane Tyan, December 12

the venue Galantz Retrospective, Galantz Museum, November 13-25

Beirut SOukS Masters of Renaissance, Jewelers Souk, December 13-23 Installation, Mark Jenkins, October

alwane Maral Der Boghossian, Samia Baroudi, Louma Rabah and Sylvia Dakkak, November 6-21 Les arts de la table et les arts tout courts, November 22 – January 30

rOchane Colère, Sibylle Tamer Abillama, October 18-27 Oasis, Ghassan Zard, November 15-29

aiDa cherfan Bahram Hajou, November 10-30 L’Orient Intérieur, Mouna Bassili Sehanoui, December 7-31

ayyamInner Self, Kais Salman, September 20 – October 30 Against the Wall, Abdul Karim Majdal Al-Beik, November 22 – December 31

pièce unique Dinamismo Statico, Sandro Sanna, October 11-27 Glimpse of life, Raffy Yedalian, November 2-17 Passage, Jill Mellick, December 11-29

mark hachemArt of Uruguay, group exhibition, October 18-25 Trees, Michel Harmouch, November 15-27 From Damascus to Beirut, Houman, November 29 – December 18

q-cOntempOrary You will be killed, Amal Kenway, through October 6 The Silver Factory, Andy Warhol, November 13-17

armenian catheDral L’Art des Icônes, Margarita Pilecka-Hilal, December 22

ffa private gallery Under a Beautiful Sky, Hiba Kalache, November 29 – January 10Nizar Daher, December 15-30

Beirut eXhiBitiOn center

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XX eme SalOn Du livre francOphOneThrough the past 19 years the fair has become a meeting cultural point and a key yearly event contributing in offering Beirut a leading role as Franco-phone cultural capital to the region. The fair celebrates it’s 20th anniversary with four new features among them a literary prize Le Choix de l’Orient, liste Goncourt 2012, a series of conferences along with an exhibition Numérika investigating the pros and cons of the digital realm. The XXth Salon du Livre will span, from October 26 through November 4.

BOOkSigningBéchara El Khoury, translated from Arabic by Roger Geahchan in the presence of Michel Béchara El Khoury Grégoire Haddad, Michel Touma, L’Orient-Le-Jour Le Phoenicia, un Hôtel dans l’Histoire, Tania Hadjithomas Mehanna, Tamyras Oiseaux du Liban, Youmna Medlej

lectureS & cutural eventS La Dictée, Bernard Pivot Ghassan Tuéni, foi, droit, libertés with Michel Eddé, Henry Laurens, Marwan Hamadé and Antoine Khair, moderated by Fares Sassine Meeting with the author of Le Grand Liban et les Etats de Syrie dans les bouleversements de l’année 1920 au Proche-orient with Antoine Hokayem and Father Karam Rizk La ville en blog, a debate with Caecilia Pieri from Observatoire Urbain, IFPO and Serge Yazigi from MAJAL led by Giorgio Tarraf from Save Beirut Heritage Les meules de Beyrouth, Toufic Youssef Aouad with Fares Sassine, Farouk Mardam Bey, Zeina Tutundji, Fifi Abou Dib and Jabbour Douaihi Urban Update, MAJAL, Observatoire académique urbain de l’Institut d’Urbanisme de l’Alba (I.U.A), urban summary through the observation of Zokak el Blat neighborhood, the access to handicapped and the line of thought for the urbanism laws.

eXhiBitiOnS La Fresque Murale, Julien Solé Alain Tasso’s world, manuscripts, poems, drawings and paintings… Samandal with Arab Image Foundation Tribute to Guvder

BOOkS etc.

BOOkSigningBeirut eXhiBitiOn centerArt from Lebanon, Nour Salamé Abillama, October 25

antOine iD Lebanese Home Cooking Made Easy, Nouhad Asseily, Hachette Antoine, Lifestyle, November 29 Pure Nostalgia, Imad Kozem, December 12 Prey, Michel Zoghzoghi, December 13 Spiritual Orgasms, Gloria Belendez Ramirez, December 15 Les avatars du piano, Ziad Kreidy, collection L’Éducation Musicale, Beauchesne, December 19 Lebanese Wines 2011, Michael Karam, December 22-23

liBrairie el BOurJ The pleasure of reading and writing, workshop, November Mouton, Zeina Abi Rached, éditions Cambourakis 2012, December 21

virgin megaStOre Revolt in Syria, Stephen Starr, Columbia University Press, August 1 Shal al Yasmin, Johayna el Awam, Amaluna Publishing, September 19

cervanteSPolitical Philosophy in Al Andalus, roundtable with Mohamad Oraibi, George Zinati, Geroge Kattura, Suad Hakim moderator, November 27

Beirut SOukSplanet DiScOveryThe Human Puzzle, in collaboration with the French Institute of Lebanon and Universcience Paris, the aspirin, the muscle, December 12 – ongoing

Baldati Bi’ati 2012, organized by IBSAR, November 16

pOrtal 9The biannual literary and cultural journal about urbanism and the city aims at a conscientious debate on architecture, urban planning, culture and society in urban contexts across the Middle East and the world.

araB BOOkfairThe 56th Beirut Annual International Arab Book Fair, organized by the Arab Cultural Club with the Union of Publishers in Lebanon involved some 181 Lebanese publishers and 63 from the rest of the Arab world around booksigning, round tables and lectures, December 3-16

rOunDtaBle Commemorating Ghassan Tuéni with Samir Frangié, Ahmad Beydoun, Riad Tabbarah, moderated by May Ménassa, December 8

BOOkSigning Cedrus Libani, Gabriela Schaub, Recto Verso 2012, December 15

mOuawaD muSeum rectO verSO The Cedar Tree Delusion, Faisal Abu-Izzeddine, November 5

Turath or not Turath – the status of our Heritage Houses, Hana Alameddine, November 12

The life and death of the Beiruti house garden, Jala Makhzoumy, November 30

Saving the Archaeological Heritage of Lebanon through Conservation, Restoration and Recovery, Isabelle Skaff, November

14

Beirut celeBrateS Beirut Celebrates launched the end-of-year festivities in Beirut Souks spanning from December 1 to 25. Beirut Chants Festival, member of European Festival Associa-tion (EFA), had a rich fifth season featuring Lebanese and international talents, some accompanied by Beirut Chants Orchestra directed by Father Toufic Maatouk.

Abdel Rahman El Bacha

Imane Homsy & Ghada Chbeir

Viva Verdi, conducted by Manfred Mussauer

Sestetto dell’Accademia del Teatro alla Scala di Milano Classical Arabic Music Ensemble, conducted by Nidaa Abou Mrad

Saint Romanos Choir

Lebanese School for the Blind & Deaf Choir

Abeer Nehme with the Beirut Chants Orchestra

Ensemble CorrespondancesNDU Children’s Choir

Armenian Community Choir

Beirut Chants Orchestra

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OfficialS Sudanese Human Development minister Yahia Mukwar, Sefer Koça-bas, Member of the City Council and Head of Development Commission with a delegation of high officials from Istanbul Metropolitan Munici-pality, seven Iraqi Urban Planning Department engineers from the Municipality of Bagdad.

BuSineSS DelegatiOnSArts for Peace chairman Elizabeth Garrahy (Ireland), Fitch Middle East client director Clare Lukas, Frame and Associates managing partner Philippe Tartaglia (UAE), Mitsubishi Electric general manager Shinji Sasaki with senior manager Hiroyuki Mizutani, Mitsubishi Beirut CEO Karim Abillamaa and general manager Jorg Sahambach, Frontaura managing director Nick Padgett (US), Libya Holdings Group LTD investor Ahmed Halim. prOfeSSiOnalS & acaDemicSAssociation Conseil en Culture Scientifique et Territoires (CST) director José Orega (France), architect Hubert de Givenchy.

From top to bottom

Independence Day parade, Shafik Wazzan Avenue, November 22 Sefer Koçabas and Hubert de Givenchy with GM Mounir Doueidy

cOpyright © 2013 SOliDereThe Lebanese Company for the Development and Reconstruction of Beirut Central District s.a.l.

PO Box 119493 Beirut 2012 7305 Lebanon

Tel 961 1 980650 - 980660Fax 961 1 980661 - 980662

solidere@solidere.com.lb

www.solidere.com

SOliDere quarterly DIGITAL EDITION

CORPORATE REPORTING & PUBLICATIONS DIVISION

phOtOgrapherSFouad El Khoury | Mosbah Assi | Ahmad Azakir Fares Jammal | Mazen Jannoun | David Xavier

viSitOrS