Intra Investment Company
The collapse was followed by its restructuring, with the Central Bank and the Lebanese government taking major shareholdings. The successor company, officially Intra Investment Company but often still referred to as "Intra," remained a major shareholder in key institutions such as Middle East Airlines, Casino du Liban and Bank Al Mashrek, the remaining banking operations.
By 1985, the Central Bank held 28% of Intra, the Kuwaiti government held 19%, the Lebanese held 10%, the National Bank of Kuwait held 4% and the government of Qatar 3%. Today, the Lebanese government's stake is expected to be privatised in due course.
Read more about this topic: Intra Bank
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