LAICO General Assembly reviews activities and plans and adopts a number of resolutions
The Ordinary General Assembly of the Libyan African Investment Company (LAICO), a subsidiary of the Libya Africa Investment Portfolio (LAIP), convened on the morning of Thursday, 29 October 2026, at LAIP’s headquarters in Tripoli. The meeting addressed a range of matters relating to the company’s activities, financial and organisational affairs, and future plans.
The General Assembly reviewed the Board of Directors’ report covering the period from the Board’s appointment to the end of the first half of 2026, alongside the company’s activity report for the financial years 2023–2025 and the first half of 2026.
The General Assembly also reviewed the Supervisory Board’s report for the financial years 2023–2025 and the first half of 2026. It examined progress in implementing resolutions adopted at previous General Assembly meetings held in 2019 and 2021, together with the measures taken in this regard.
On organisational matters, the General Assembly discussed and approved the company’s amended organisational structure to reflect the nature of its activities and responsibilities. It also approved amendments to the regulations governing the company’s operations, including its administrative, financial and investment regulations, as well as other relevant regulations.
The General Assembly ratified the financial statements and the auditor’s report for the financial years 2014–2020 and reviewed the financial statements for 2021–2025. It also ratified the appointment of an external audit firm to audit the company’s accounts and determined the firm’s fees.
The General Assembly reviewed the company’s business plan and future strategy in light of LAIP’s strategy and objectives, which aim to safeguard LAIP’s overseas assets and improve the efficiency of their management, thereby supporting sustainable financial and operational performance.
The meeting forms part of LAIP’s ongoing oversight of its subsidiaries, helping to improve their operational performance, strengthen governance and advance LAIP’s strategic vision.