LAICO approves changes to protect overseas assets
Libyan African Investment Company's general assembly reviewed business plans and adopted new regulations on October 29.
The Libyan African Investment Company (LAICO) approved changes to its structure and regulations on Thursday, October 29, to safeguard overseas assets. The general assembly met at the Libya Africa Investment Portfolio’s (LAIP) headquarters in Tripoli to review LAICO’s business plan and future strategy.
LAICO members adopted a revised organisational structure and amendments to administrative, financial, and investment regulations. They also ratified financial statements for 2014–2020 and reviewed those for 2021–2025, endorsing an external audit firm and its fees.
The assembly assessed progress on resolutions from 2019 and 2021 meetings. LAICO’s business plan was considered within LAIP’s objectives to improve management efficiency and support sustained financial performance.
Why it mattersLibyan investors will see changes to how overseas assets are managed and protected.