From the FSA website: "On 11 February 2003 Mr Jabre was 'wall crossed' by Goldman Sachs International as part of the pre-marketing of a new issue of convertible preference shares in Sumitomo Mitsui Financial Group Inc (SMFG).
The fund opened in February 2007 and was one of the largest new launches in recent years, as many of Jabre's old clients followed him to his new venture, along with a significant number of new investors.
[8] He returned external capital in the funds as part of a restructuring of the firm, and decided to refocus on its historical wealth management activities.
In 2022, Jabre reported that Almaza profits had reached 8 per cent of its sales but the difficult economic situation in Lebanon continued to limit the company.
[15] Heineken Group, which had a majority stake in the company since 2003, remains a minority shareholder and continues to provide access to international brands and technical expertise.
[2] He is also the founder of the not-for-profit Association Philippe Jabre (APJ) based in Beirut, which provides financial aid to Lebanese people in need, including the distribution of university grants to students seeking to pursue higher education and post doctorates.
[19] His house above Beirut, a family property creatively renovated after suffering heavy damage during the Lebanese Civil War, was designed by architect Nabil Gholam.