General Mediterranean Holdings

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General Mediterranean Holding (GMH SA) was established in 1979 in Luxembourg at which time a group of international business and world-known personalities joined the Board of Directors. The founder and Chairman of GMH SA is Nadhmi Auchi. Since then, GMH has expanded into many fields including Banking & Finance, Hotel & Leisure, Aviation, Industrial Trading & Pharmaceuticals, and Real Estate & Construction. Today the group has over 100 companies in its worldwide international portfolio with assets in excess of US$ 4 Billion.

1 Achievements
2 Anniversary
3 External links

[edit] Achievements

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Listed below are some of the achievements of the GMH Group.

[edit] Egypt

More than US$ 670 million Participation in Egyptian companies.
51% participation in the Intercontinental Hotel Hurghada, Red Sea Coast of Egypt.
32% participation in the Hilton Sharm Dreams Hotel, Sharm El Sheikh.
38% participation in Sharm Dreams Holding for Tourism & Hotels.
Acquisition of another 2 hotels for the value of US$ 87 million in Sharm El Sheikh.

[edit] Lebanon

Completion of US$ 220 million Touristic Complex in Lebanon 2003.
80% participation in the Hilton Hotel (under construction) in the Solidere area in the heart of Beirut.
Various other investments in Real Estate & Shares in the order of US$ 170 million.

[edit] Jordan

Participation in the following Jordanian Banks: Union Bank for Investment & Savings, Bank of Jordan, Jordan Kuwait Bank.
Completion of US$ 300 million Le Royal Hotel & Complex in Jordan 2002.
Majority pariticipation in the Dunes Club which is one the most prestigious Social Clubs in the area.
Major Shareholder in King Abdullah’s Fund / Conference Centre Project on the Dead Sea for the value of US$ 112 million.
Incorporation of the Horizon Investment & Development Group.

[edit] Syria

Incorporation of the Horizon Investment & Development Group with a paid up capital of US$ 25 million for Touristic & Real Estate Investment.

[edit] Tunis

Ownership of Le Royal Hammamet Five Star Hotel complex, Luxury Residential Village & Club, Convention Centre & Casino for the value of US$ 110 million.

[edit] Morocco

Acquisition of Compagnie Rentistica in Tangier, together with El Minzah Five Star Hotel and Hotel Villa de France, and other real estate projects in Morocco for the value of US$ 120 million.

[edit] France

Real Estate investments in excess of 300 million euros.
Establishment of the Residéal Hotel chain.
Acquisition of 3 Hotels in Cannes, Antibes & La Grande Motte.

[edit] Luxembourg

General Mediterranean Holding S.A established in 1979.
Incorporation of Cipaf in 1981, the financial arm of GMH with assets reaching 640 million euros.
Real estate investments in Luxembourg well over 180 million euros.
Strategic block investments to the value of US$ 100 million in Coniston, Paribaven, Japan, Pan African Investments and participation in NACO.
Opening of Centre Financier, GMH Headquarters.
Opening of Hotel Le Royal Luxembourg in 1984.
Acquisition of Soludec – the premier construction company in Luxembourg and one of the best^{[citation needed]} in the Benelux countries.

[edit] United Kingdom

Establishment of Italgrade Ltd., a UK trading company.
Establishment of UK real estate subsidiary, Tucan Investments Plc with more than US$ 200 million in assets.
Acquisition of Crescent Pharmaceuticals with 200 Generic Licenses.
Acquisition of pharmaceutical manufacturing and trading.
Plans for the construction of a Five Star Hotel & Conference Centre in London.
Acquisition of Bliss Chemists.
Media – ANB Arabic Satellite Channel, Middle East Online News Portal and i-vu Media Solutions.

[edit] Other

Real Estate investments in Canada & USA valued at more than US$ 450 million.
Acquisition of the Hotel Miguel Angel, one of the leading hotels in Madrid worth 150 million euros.
Acquisition of nine Boeing 727-200-Advanced aircraft and 1 cargo plane.
Acquisition of Cosmo Sports in Düsseldorf, Germany.
Expansion of Soludec (The Luxembourg Construction Co) into the Middle and Far East.
Acquisition of Bank Compagnie Nord(BCN) in Germany in 1997.
An investment of 1000 Mega Watt Power Plant in India for US$ 950 million.
Sugar Refinery in Pakistan.
85 million euro participation in Weather Telecommunications Group in Italy.
US$ 25 million investment in Banking & Real Estate in Russia.
Motor Racing – A1 Grand Prix Team Lebanon in 2005.
Investing in Korad Advertising & Public Relation Company in South Korea.

[edit] Anniversary

On the 20th anniversary of the founding of GMH, Nadhmi Auchi was presented with a painting of the Houses of Parliament signed by the Prime Minister, the Leaders of the Opposition parties and 130 Ministers & Members of Parliament in recognition of his outstanding achievements within and outside the United Kingdom.