On Wednesday, the General Assembly of Assaray Bank convened to restructure the Board of Directors, where a vote was held to appoint Husni Bey as Chairman of the General Assembly, in agreement with the temporary committee assigned by the Central Bank of Libya.
During the meeting, the bank’s 2024 profits were revealed to be 27 million. A vote was also conducted for the Chairman and members of the Board of Directors. The committee, led by Bey, selected 13 candidates out of 20 applicants. Among the notable names chosen for the new board were Rakan Jalal Husni Bey, Bassem Tntoush, Khaled Al-Jazoui, Khalifa Dou, Mohammed Al-Safi, Osama Al-Bouri, Ahmed Ateeqa, Abubakr Abu Al-Qasim, Manjia Nashnoush, Ihab Al-Jahawi, Mohammed Boukra, Ziyad Bassiouni, and Rafqa Al-Kout. These names will be referred to the Central Bank of Libya, which will approve nine candidates, ensuring the mandatory selection of at least two female candidates, in compliance with the Central Bank’s regulations.
Noaman Al-Bouri, a shareholder in Assaray Bank, stated to our source that the meeting was a significant step forward, highlighting that many of the selected board members are experts in various fields. However, he also expressed his objection to the meeting, citing legal disputes over the former governor’s decisions regarding the temporary committee. He emphasized the importance of adhering to judicial rulings and stated that the bank should function as a team rather than rely on individuals.
Meanwhile, Husni Bey, the newly appointed Chairman of the General Assembly, told our source that despite initial concerns, the temporary management committee successfully revitalized the bank’s operations. He also noted that over 77% of shareholders attended, reflecting their keen interest in decision-making. Out of 40 candidates, 20 were shortlisted, including two women.
Bey expressed his satisfaction with the selection process, stating: “I am very pleased that the responsibility has returned to the shareholders. The Board was chosen based on merit, and among the 20 selected, I personally know only four, with just one from my family. I hope the Board continues with the same enthusiasm and maintains a professional relationship with the executive management.”
He concluded by emphasizing the future of digital banking, stating: “We aspire for Assaray Bank to be entirely digital, eliminating the need for in-person visits. We believe digitization will dominate banking operations, and within ten years, physical bank branches and cash transactions will be replaced entirely by electronic payments.”
