LAFICO Libya: Investment strategy to maintain successful portfolio
Marcopolis.net Video Interview with Khaled Amr Algonsel, Managing Director of LAFICO (Libyan Foreign Investment Company), also available here http://www.marcopolis.net/investing-in-the-post-gaddafi-era-laficos-investment-strategy-1807.htm
Khaled Amr Algonsel, Managing Director of LAFICO, talks about the return on investment and investment strategy for LAFICO.
According to Algonsel, the strategy is to maintain successful portfolio. "We will use the best practices in regard to maintaining and managing this portfolio. We will cooperate with international firms who will help us to restructure our portfolio and to exit some unsuccessful investments. LAFICO has been a profitable company ever since it was established and our aim is to continue to generate and increase our profit despite the difficult circumstances of the international economy right now. Our target is to achieve a 5% increase in profits for next year. We have the opportunity to invest in other countries through our subsidiaries such as Corinthia Group and our holding company in Egypt. There are many opportunities to enlarge our portfolio in these countries. We aim to increase cooperation with our partners in order to explore more investment opportunities here in Libya. These are all factors that are helping this company to expand its portfolio and increase its profit," he says.
To read the full transcript of the MarcoPolis interview with Khaled Amr Algonsel, Managing Director of LAFICO (Libyan Foreign Investment Company), visit Marcopolis.net http://www.marcopolis.net/lafico-transparency-and-independence-of-libyan-foreign-investments-0908.htm
Khaled Amr Algonsel, Managing Director of LAFICO, talks about the return on investment and investment strategy for LAFICO.
According to Algonsel, the strategy is to maintain successful portfolio. "We will use the best practices in regard to maintaining and managing this portfolio. We will cooperate with international firms who will help us to restructure our portfolio and to exit some unsuccessful investments. LAFICO has been a profitable company ever since it was established and our aim is to continue to generate and increase our profit despite the difficult circumstances of the international economy right now. Our target is to achieve a 5% increase in profits for next year. We have the opportunity to invest in other countries through our subsidiaries such as Corinthia Group and our holding company in Egypt. There are many opportunities to enlarge our portfolio in these countries. We aim to increase cooperation with our partners in order to explore more investment opportunities here in Libya. These are all factors that are helping this company to expand its portfolio and increase its profit," he says.
To read the full transcript of the MarcoPolis interview with Khaled Amr Algonsel, Managing Director of LAFICO (Libyan Foreign Investment Company), visit Marcopolis.net http://www.marcopolis.net/lafico-transparency-and-independence-of-libyan-foreign-investments-0908.htm
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