Group Structure
The HB Group is not a formal organizational structure as you may typically see in other geographies and jurisdictions.
Each business in which members of the HB family are shareholders remains fully independent, with its unique shareholders, board of directors, and management.
The Group function undertaken is primarily that of strategic alignment, facilitation of activities in pursuit of individual company objectives, co-ordination of family member interests, and unlocking business potential through the application of international best practices and the implementation of common policies and procedures – where appropriate.
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No recognition of, or benefit derived from, the consolidated holding company concept within Libyan law.
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Risk management. Should one entity encounter any regulatory or governmental problems, all other entities would remain unaffected.
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Each company operates independently, develops and implements its own strategies, sets and manages its own budgets, and is fully accountable for its performance. This focuses the directors and management to ensure that the company they represent remains independent, profitable, viable, and specialized.
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Where opportunities are available, either within existing companies or through the creation of new ventures, the Group management function is to facilitate the development of these opportunities where required. This takes the form of arranging visits, developing appropriate partnership and legal structures, defining the terms of the relationship, building business plans, securing and structuring investment capital (if required), supporting the ongoing relationship with partners or authorities, and providing advice and assistance where appropriate.
The Husni Bey family members have a shareholding agreement allocating differential shares to the single members of the family with Mr. Husni Bey Husni being the major shareholder within the family.
50 stakes
The HB Group is formed of number of independent yet associated entities in which Husni Bey family members have a significant stake, operating across multiple industrial sectors. The number of individual entities currently in operation and in which family members have a significant stake exceeds 50.
10%
Libyan laws and regulations limit any party or person to hold not more than 10% in any joint stock company, hence the allocation of the shares to single family members within the Group.
20 Operations
20 Operations are predominantly based in Libya, typically in co-operation with international partners, but an increasing proportion of activities exist and are developing in Europe, Middle East and wider North Africa.