Speaker Nabih Berri called the parliamentarians for a meeting on September 28 to elect a head for the Lebanese republic after they failed over 44 sessions to achieve the goal.
Berri said the meeting will take place at 12:00 p.m. in a bid to fill the over two years vacuum at the post.
The parliament failed during its latest session on September 7 to elect a president over lack of quorum.
Lebanon has been without a president since the term of Michel Suleiman ended in May 2014 and Hizbullah, MP Michel Aoun's Change and Reform bloc and some of their allies have been boycotting the parliament's electoral sessions, stripping them of the needed quorum.
Al-Mustaqbal Movement leader ex-PM Saad Hariri, who is close to Saudi Arabia, launched an initiative in late 2015 to nominate Marada Movement chief MP Suleiman Franjieh for the presidency but his proposal was met with reservations from the country's main Christian parties as well as Hizbullah.
The supporters of Aoun's presidential bid argue that he is more eligible than Franjieh to become president due to the size of his parliamentary bloc and his bigger influence in the Christian community.
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