Our source exclusively obtained the commercial register and founding contract for the mentioned company in the Central Bank’s report, “Hadrian Food Imports,” which indicates that its founders are, Abdul Basit Al-Dawadi, a major shareholder in the Libyan Islamic Bank, along with his brothers, Faisal Al-Dawadi, and, Tarek Al-Dawadi, registered in the commercial register of the company under the name, Mohammed Ali Mohammed Ibrahim.
Reports from the Central Bank indicate that the company has obtained financing worth $5.9 million, which the Central Bank warned the bank against stopping foreign currency sales operations and managing the bank, deeming them a clear violation. The Islamic bank responded by stating that these measures were taken before the decision to suspend funding to the bank.
As for the rest of the companies and their subsidiaries belonging to the Al-Dawadi family, according to the commercial records attached to the news, such as the Shouf Company, which was granted funding exceeding $19 million, and the Akno Company, with two financings, one worth $4.1 million and the other $8 million.
It is worth mentioning that the Central Bank of Libya issued a warning to the Libyan Islamic Bank for granting financing to companies owned by major shareholders, resulting in the suspension of funding at the bank.