Businessman Husni Bey said:
“I had the honor of chairing the proceedings of both the Ordinary General Assembly and the Extraordinary General Assembly of Saray Trade and Investment Bank (ATIB), which were held on July 5, 2026, with a legal quorum exceeding 70% of the capital, and with the participation of shareholders, members of the Board of Directors, the Supervisory Board, the Sharia Supervisory Committee, external auditors, and a representative of the Central Bank of Libya.”
Husni Bey explained that what pleased him most on this day was not merely the approval of the agenda items and the financial statements, but rather the high level of dialogue, respect for different opinions, and everyone’s commitment to ensuring that decisions were based on facts, figures, and long-term interests, in an atmosphere characterized by transparency, responsibility, and professionalism.
He confirmed that the external auditor highlighted the bank’s commitment to strengthening its governance framework and integrating ESG principles into its risk management framework, considering this an important step toward adopting international best practices.
The General Assembly also emphasized the importance of developing digital governance and automation to reduce human intervention in decision-making, while continuing compliance with Basel II, Basel III requirements, and International Financial Reporting Standards (IFRS).
During the Ordinary General Assembly, the results of the bank’s 2025 operations were approved, along with the distribution of profits. Net profits reached 36.8 million dinars, revenues increased to 142.1 million dinars, and customer deposits exceeded 3.02 billion dinars, while maintaining strong indicators of financial soundness and profitability.
As for the Extraordinary General Assembly, it discussed completing the capital increase plan from 100 million dinars to 300 million dinars, in accordance with the approval of the Central Bank of Libya, through the capitalization of profits and reserves and granting two free shares for each existing share. It also reviewed the second phase aimed at raising capital to 500 million dinars, with the appointment of an independent international advisory firm to prepare a fair valuation of the share and determine the issuance premium.
He noted that shareholders agreed to postpone the final decision until the next meeting, pending completion of the KPMG report and the integrated plan, emphasizing that fairness, transparency, and the protection of shareholders’ rights come before rushing decisions. He stated that this reflects the principles of good governance.
He also expressed his appreciation to the shareholders, the Board of Directors, the executive management, the Supervisory Board, the Sharia Supervisory Committee, external auditors, and the representative of the Central Bank of Libya for the spirit of cooperation and responsibility that prevailed during both meetings.
He stressed that the success of general assemblies is not measured by the speed of voting, but rather by the quality of dialogue, clarity of information, soundness of decisions, and respect for the rights of all shareholders.
Husni Bey explained that his role as chairman of the two general assemblies ended with the closing of the sessions and signing of the meeting minutes, after which he returned to his capacity as a shareholder only, without any executive or administrative role within the bank.
He concluded by wishing Saray Trade and Investment Bank (ATIB) continued growth and excellence, and further strengthening its role in serving the Libyan economy.
