Raymond Rahme

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Banque Pharaon and Chiha announced, on the 4th of October, the sale of 80% of the bank’s shares to Raymond and Teddy Rahme of ZR Group Holding. The latter is considered a well-known player in a multitude of industries such as banking and finance, media, real estate, catering and transportation.

Lebanon

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Back to the sale, the main purpose of the deal was not related to financial problems but aimed the increase of the bank’s capital along with ensuring a developed business. However, and following the agreement the other bank shareholders, Pierre Doumit and Henry Helou, will maintain their respective 14% and 5% of the bank’s shares.

Raymond Rahme Age

The bank is one of the oldest in Lebanon with $300M of assets by the end of 2013. Net profits reached $4.9M over the same period, while customer deposits totaled $238.5M and loans amounted to $91.6M at the end of 2013. As any purchase of a bank’s shares is subject to approval by the Banque du Liban (BdL), the deal is expected to be concluded in 2 months.

Banque Pharaon and Chiha Figures ($M)

Raymond Rahme
Assets300.00
Customer Deposits238.50
Loans91.60
Net Profits4.90

Raymond Rahme Gebran Bassil

Source: Business News

Raymond Rahme Faqra

  • Raymond Rahme (born 1945) is a South African professional poker player. He was the first African to reach a final table at a World Series of Poker Main Event, finishing third and earning $3,048,025, equating to some R21,000,000 in his own country.' He took his seat at the 2007 Main Event by finishing fourth at the All Africa Poker Championship, the largest poker tournament ever played on the African continent. Because of this windfall, Rahme has made more money than any other African tournament poker player. (en)