📰 6 sources 6 articles · 2 Nov 2026, 10:20 → 11 days ago

Al-Habtoor Group decides to sell all its assets and investments in Lebanon

The UAE-based Al-Habtoor Group, headquartered in Dubai, announced that its board approved the sale of all its assets and investments in Lebanon, including hotels, commercial and residential real estate, and land. The decision follows the group's suspension of operations in Lebanon months earlier and its announcement of losses exceeding $1.7 billion, amid the financial crisis since 2019 and banking restrictions. The group's investments in the Lebanese market date back to the late 1990s.

📍 Where things stand: The decision has been officially announced, but no details have been published on the value of the assets involved, the buyers, or the timeline for implementation.

⏱️ Timeline

2 Nov 2026, 10:20 Al-Habtoor Group announced it is proceeding with the sale of all its assets and investments in Lebanon. The published announcement did not include details on the size or value of the assets covered by the sale, or on the timeline of the sale process.
2 Nov 2026, 11:32 Reports said the board decision of the Dubai-headquartered group covers hotels, real estate and land, and followed a comprehensive study and evaluation. They noted the decision comes months after the group announced the closure of its operations in Lebanon and took legal steps to claim compensation exceeding $1.7 billion, amid a severe financial and economic crisis since 2019 and banking restrictions that prevent depositors from accessing their money.
2 Nov 2026, 13:08 The group said its exit from Lebanon will be carried out in an orderly manner with each asset valued separately, building on its earlier announcement that it had halted operations in the country. It noted that its investments in Lebanon date back to the late 1990s, and that in January 2026 it announced its losses there exceeded $1.7 billion.
2 Nov 2026, 17:30 Reports said the group suspended its operations in Lebanon on 28 January, citing losses exceeding $1.7 billion due to the financial crisis, capital controls and security concerns, and that the latest decision amounts to a complete withdrawal from a market where it has invested since the late 1990s.

Timeline written by AI from the sources below; updated as new reports arrive.

How the sources covered it

Coverage ranged from brief reports focused on the decision itself and the absence of details (Elnashra, Cedar News) to broader accounts tying it to losses exceeding $1.7 billion, the financial crisis and banking restrictions (Euronews, جنوبية, annahar.com, Al-Monitor), with particular emphasis on the "end of a presence" after more than a quarter century and on the 28 January date of the operations suspension.

Elnashra Limited itself to reporting the group's announcement that it is proceeding with the sale, highlighting the absence of details on the size, value and timeline of the assets involved.
Euronews.com Led with losses exceeding $1.7 billion and with the asset types (hotels, real estate, land), linking the decision to the financial crisis since 2019 and banking restrictions on depositors.
Cedar News Described the decision as a definitive one, focused on its covering all the group's holdings and investments, and noted the absence of information on the deal's value, the buyers and the timeline.
جنوبية Highlighted that the exit will be orderly with each asset valued separately, adding that the investments date back to the late 1990s and that losses exceeding $1.7 billion were announced in January 2026.
annahar.com Presented the decision as ending an investment presence of more than a quarter century, attributing it to the cumulative economic, financial, political and security crises, especially the 2019 financial and banking collapse.
Al-Monitor Specified the date of the operations suspension as 28 January, attributed losses exceeding $1.7 billion to the financial crisis, capital controls and security concerns, and described the decision as a full withdrawal from the market.