Mohamed Alghnimi

LIBYAN AFRICAN INVESTMENT COMPANY

The Libyan African Investment Company (LAICO) was established in 1990 under the provision No. 660 of the Libyan government, and was later acquired by the Libya Africa Portfolio (LAP) in 2006, with a share capital of 992,912,800 Libyan Dinars. In accordance with its articles of association, LAICO is a holding company, acting as one of the arms of the Libyan sovereign wealth through investing Libyan funds in Africa, mainly in hospitality, hotels and real estate sectors, as well as other multipurpose sub-holding companies, with a long-term, pragmatic vision of developing and diversifying national wealth and revenue streams of the Libyan economy.