We received tremendous enthusiasm to these investment offers from investors and we have closed Al-Arabi Private Equity Fund and robust response ensured early closure of the Energy City private placement.

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I also wish to place on record my gratitude to our shareholders and investors for the trust they have vested in us which gives us the confidence to pursue our growth-oriented investment strategy.

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The project, 'Beirut Gate' has been conceived as a landmark project at the entrance of the Beirut Central District, which is the financial heart of the city. The project comprises seven plots on a total foot-print area of 229,871 square feet and a built-up area of almost 1.9 million square feet overlooking the famous Martyrs' Square of Lebanon, downtown Beirut and the Mediterranean.

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