Société Anonyme du Gaz de Beyrouth, S.A. Ottomane


Share of 500F or 22 Ltq - Beyrouth 1908

No tax

Share to bearer of 500 francs or 22 Ltq issued in Beirouth (Lebanon) in 1908.

Certificate signed by Sabbag, French banker and administrator.

Company founded in 1887 to carry out the gas lighting concession for the city of Beirut granted in 1885 by the imperial government (Firmans the S.M.I. the Sultan). A concession was also granted in 1908 for electricity and lighting in the city of Beirut.

An extraordinary general meeting ratifies the agreement between the board of directors and the city of Beirut concerning the electric lighting of this city. The duration of the company is then extended until the year 2007, the scheduled term of the concession for electric lighting in the city of Beirut.

The company is taken over by Haardt, a Belgian financier in 1911 and is listed on the Belgian Stock Exchange. But a complaint for fraud and falsification of balance sheets is filed by Haardt against Sabbag, who is charged in Paris even if he remains untraceable. His proxy Gautheron is arrested for complicity.

The payment of voucher coupons is suspended in 1912. After the First World War, the concession of Gaz de Beyrouth is taken over by Tramways de Beyrouth. The Gaz de Beyrouth company is finally dissolved in 1924.

Document decorated with plants in the background. 

VF/EF condition: needle holes

3 Items

Data sheet

A. Chaix et Cie (20, rue Bergère, Paris)

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