The Board of Directors of the Libyan Investment Authority, headed by Ali Mahmoud, held the first meeting for the year 2022 at the level of the corporation’s group of companies spread across the world, via video technology, with the participation of representatives of more than 120 companies, including general managers and accountants from various companies operating outside Libya.

The meeting concluded with the affirmation of the group of companies affiliated with the Libyan Investment Authority on implementing the authority’s strategy aimed at governance, administrative reform and transparency, supporting the implementation of the project’s consolidated financial statements in accordance with international standards, and preparing qualified technical cadres to prepare those lists periodically.

The Authority and representatives of its subsidiaries also stressed the need to adopt the principle of transparency and compliance with the sanctions regime, and to standardize accounting regulations and policies at the level of group companies.