Lebanese Sunni tycoon Najib Mikati poised to be designated PM

Lebanese former prime ministers, Saad al-Hariri, Najib Mikati, Fouad Siniora and Tammam Salam meet in Beirut, Lebanon July 25, 2021. Dalati Nohra/Handout via REUTERS

BEIRUT (Reuters) -Lebanon's wealthy businessman and former premier Najib Mikati is poised to be designated prime minister on Monday after winning the support of most major parties to form a new government facing a crippling financial crisis, political sources said.

Earlier, a club of former Lebanese Sunni prime ministers said on Sunday that they endorsed the choice of Mikati, who held the post twice, in yet another attempt to bring Lebanon's political deadlock to an end.