BEIRUT (AFP) – Lebanon’s bourse leader Solidere is to be listed on the booming Kuwait Stock Exchange (KSE) from Tuesday, the Beirut downtown real estate giant said. Lebanon’s former premier Rafiq Hariri, who was assassinated on February 14, founded Solidere in 1994 to rebuild Lebanon following its 15-year civil war. “Solidere wants to attract more Arab investors, especially Kuwaitis who have a permanent interest in Solidere shares, in the Lebanese real estate sector and in particular the downtown area,” the firm said in a statement. It said the KSE was attractive because of its high liquidity.

The reconstruction company’s “A” shares slumped to 6.87 dollars in the wake of its founder’s murder in a central Beirut bomb blast but they have since recovered and closed Monday at 8.88 dollars.

Solidere recorded a 12.5-million-dollar net profit in the first half of 2004.