Bouhadi Quits as Chairman of Tobruk LIA

Reuters reports that one of two men claiming the chairmanship of Libya’s $67 billion sovereign wealth fund, the Libyan Investment Authority (LIA), has tendered his resignation

A spokesman for Hassan Bouhadi said Libya’s political infighting made it too difficult to conduct business.

Bouhadi had been appointed by the Tobruk government, and had operated out of Malta.

His rival, AbdulMagid Breish, continues to operate from the company’s Tripoli headquarters.

(Source: Reuters)

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