Reyad Mohamed Hobba, General Manager of the Libyan Foreign Investment Company (LAFICO), has been appointed Non-Executive Director of International Hotel Investments plc.
The appointment is effective as of today, 8th July 2021, with Mr Hobba replacing former Director Salem Hnesh.
Before taking on the role of General Manager at LAFICO, Mr Hobba occupied a senior management position in the Libyan National Investment Company (NIC).
International Hotel Investments plc owns, develops, and operates hotels as well as third party properties and is part of the Corinthia Group.
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Corinthia Group
Chairman Alfred Pisani meanwhile said the group will increasingly focus on profitability with a focus on regular dividends.
'The country has the potential to carve out specialised niches in the growing global market.'
Revenue for the year stood at €3.5 million, while equity strengthened to €29 million.
Maintaining a respectful, psychologically safe, and productive workplace during a highly polarised period