Reyad Mohamed Hobba, General Manager of the Libyan Foreign Investment Company (LAFICO), has been appointed Non-Executive Director of International Hotel Investments plc.
The appointment is effective as of today, 8th July 2021, with Mr Hobba replacing former Director Salem Hnesh.
Before taking on the role of General Manager at LAFICO, Mr Hobba occupied a senior management position in the Libyan National Investment Company (NIC).
International Hotel Investments plc owns, develops, and operates hotels as well as third party properties and is part of the Corinthia Group.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
The company, set to launch soon, will seek to provide clients with ‘customer-centric and innovative’ financial services.
The Malta Stock Exchange recently joined other exchanges for the inaugural Ring the Bell for Climate initiative.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.