Relatively unknown prior to 2011, Samer Foz became one of Syria’s most powerful economic players following the conflict, being likened at one point to the business magnate and maternal cousin to the president, Rami Makhlouf. Despite leading a high profile during his heyday, Mr Foz has withdrawn from the public eye in recent years after being sanctioned and apparently being sidelined by the regime.
The Damascus Securities Exchange is the only market in Syria for the trade of securities and bonds. The DSE initiated the trading of securities in March 2009, though it was formally established in 2006. The exchange listed six companies at its launch, but today gathers a total of twenty-seven.