Ghaleb Mahmassani Discusses Beirut Stock Exchange (BSE)
The structure of the Beirut Stock Exchange incorporates three types of markets: the official market, the junior market, and the over-the-counter market.
The family ownership structure of many Lebanese companies is a very important issue and is really the main problem that affects the normal development of the Beirut Stock Exchange. Ghaleb Mahmassani, Vice President of BSE, says, “most of Lebanese businesses, industries, and services are family owned. Therefore, the personal relationships between the individual partners tend to prevail over all other forms of interaction. We have tried several times as a committee to correct this situation by meeting with all the family owned companies to show them the importance of raising capital through the stock exchange to improve their future development.”