Lutfi El-Zein Group acquires Saudi Oger’s shares in MedGulf

The group Lutfi El-Zein disbursed 400 million USD to buy out Saudi Oger’s shares in MedGulf Insurance. It is the largest acquisition funded in Lebanon and across the Middle East since 2007. Bank Audi and Deutsche Bank were the lead underwriters of this operation while 16 Lebanese financial institutions took part in the financing.

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