Member of the economic committee in the House of Representatives in Tripoli, Mohamed Raied, claimed that the Libyan African Investment Company managed to achieve profits and exceeded its previous losses.

In a statement to “Sada”, Raied emphasized that the company achieved good profits by restructuring and discarding troubled companies it owned.

“Compared to other companies and investment institutions, LAICO is operating properly”, He said.

According to the available data, the Libyan African Investment Company has a capital of one billion dollars, as it manages a group of companies and investments in different countries in the continent.