Al-Daman Investment Company

Al-Dhaman Investments Company was established to manage the pension fund’s revenues by investing in various fields in order to achieve high investment returns.

Al Daman Investments considers the projects and properties of the retirement fund as investment opportunities that must play a profitable social and economic role that benefits the shareholders and effectively multiplies the resources of the fund. Moreover, to develop and diversify the return from the fund’s investment sources of income, and to optimally maintain them according to International standards.

Al Daman Investments Company Duties:

1. Management and investment of hotels.
2. Management and investment of real estate and other properties.
3. Group management.
4. Investment and portfolio management.
5. Management and implementation of new investment projects.
6. Strategic planning for investments and studies.
7. Adopting the latest information technology in managing and investing the fund’s properties.

The organizational structure of Al-Daman Investments Company consists of a group of offices and departments:

The company’s board of directors includes a group of offices:

1. Council Affairs Office.
2. Planning and Studies Office. (Pearl Darna Hotel)
3. Internal Audit Office.

Executive management:

1. Office of Technology and Information.
2. Legal Affairs Office.
3. Financial investments management.
4. Contributions management.
5. Department of Hotel Affairs.
6. Project management.
7. Property management.
8. Administration of Managerial Affairs and Human Resources.
9. Department of Financial Affairs.
10. Real estate investment management.
11. Follow-up and debt collection office.

Required Documents and certificates to register companies and partnerships in the company:

1. An original copy of the primary contract (Articles of incorporation) and the charter of the company or partnership.
2. A certified statement of the paid-up capital, and for foreign companies that have branches in the Libyan state, it is necessary to bring a statement of the capital of the parent company.
3. Financial status and good performance – the balance approved by the bank.
4. The financial status during the last three years.
5. A license to practice the profession issued by the Ministry of Economy and Trade. (Dar el Salaam Hotel)
6. Determining the type of activity (prior permission).
7. A certificate of proof of registration with the Chamber of Commerce and Industry.
8. An official transcript from the commercial register issued by the commercial registry office.
9. Certificate of registration or payment of security contributions.
10. A certificate of registration with the Tax Authority.
11. A stationary and specific address of the company (the address of the headquarter and the sites affiliated to the company (if any) in a clear and complete manner – mail box – landline phone number – photocopy number – mobile phone – e-mail).
12. For foreign companies, all documents must be translated into Arabic and ratified by the Libyan embassy.
13. For contracting and construction companies, the company’s capital shall not be less than (2) million Libyan dinars.

Note: It is recommended to support the company file with the company’s CV (brief) with a list of previously achieved businesses (if any).