The Daily Star (Lebanon) - - LEBANON -

BEIRUT: Mo­ham­mad Safadi is a busi­ness ty­coon and main­stay of Le­banese politics. He was elected to Par­lia­ment three times, rep­re­sent­ing his na­tive Tripoli from 2000 till 2018. He was a Cab­i­net min­is­ter con­tin­u­ously from 2005 un­til 2014, hold­ing the Finance, Econ­omy and Trade, and Pub­lic Works and Trans­port port­fo­lios. Safadi is a di­rec­tor of Stow Cap­i­tal Part­ners Lim­ited. He and the com­pany are men­tioned in the 2017 Par­adise Pa­pers, a set of 13.4 mil­lion leaked con­fi­den­tial doc­u­ments re­lat­ing to off­shore in­vest­ments. Solid­ere’s web­site states that Zaitu­nay Bay is owned and man­aged by Beirut Water­front De­vel­op­ment, a 50-50 joint ven­ture be­tween Stow De­vel­op­ment Com­pany, of which Safadi is the largest share­holder, and Solid­ere. The Guardian in 2006 named Safadi as “a key Saudi mid­dle­man.” It re­ported he was in­volved in the con­tro­ver­sial Al-Ya­mamah arms deal through an anony­mous off­shore com­pany, Po­sei­don. In its 2006 re­port, The Guardian said around 1 bil­lion pounds (then around $1.8 bil­lion) was os­ten­si­bly said to have gone through Po­sei­don. Safadi’s wife, Vi­o­lette, is min­is­ter of state for the eco­nomic em­pow­er­ment of women and youth in the cur­rent care­taker Cab­i­net.

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