May 21, 2025 – Tripoli
Reflecting a shared commitment to enhancing financial transparency, consolidating the principles of good governance, and increasing operational efficiency, a crucial meeting was held on Wednesday, May 21, 2025, between the National General Maritime Transport Company and the Libyan Audit Bureau at the Bureau’s headquarters in the capital, Tripoli.
Mr. Khaled Shakshak, President of the Audit Bureau, attended the meeting, reflecting the importance of this meeting. The company was represented by Mr. Mohamed El Amin, Chairman of the Board of Directors, and several members of the Board, in addition to a select group of managers and specialized experts from the Audit Bureau. During the meeting, several strategic topics directly related to the company’s work and future were discussed.
The discussions focused extensively on ways to modernize and develop the company’s fleet, with the aim of enhancing its competitiveness in the field of transporting crude oil and its vital derivatives, with an emphasis on maximizing operational efficiency and ensuring long-term resource sustainability. The attendees also discussed in-depth strategies for expanding the company’s commercial activity sufficiently to enhance its revenue balance and explore new and innovative investment opportunities that ensure the company’s long-term financial stability and diversify its sources of income.
Regarding the accompanying oversight activities of the company by the Audit Bureau, both sides emphasized the utmost importance of developing internal oversight mechanisms and enhancing transparency in all financial procedures. This commitment is consistent with international best practices and standards in this field, ensuring the highest levels of integrity and accountability. The Audit Bureau emphasized the need to adhere to the submission of periodic financial reports in a highly detailed and accurate manner, particularly with regard to bank account movements. This will enable the Bureau to perform its oversight duties optimally and with high efficiency.
For his part, Mr. Mohammed Al-Amin expressed the company’s full and unconditional commitment to enhancing constructive cooperation with the Audit Bureau, emphasizing that the company will facilitate all necessary procedures for the work of the Bureau’s monitoring, inspection, and audit committees without any restrictions. He also emphasized the company’s continued development of its advanced training programs and ambitious plans to develop and enhance its national human resources through cooperation with international experts specialized in the field of maritime transport, to ensure keeping pace with the latest global developments.
This meeting is part of a series of important meetings that reflect the Board of Directors’ vision to raise the company’s performance to world-class levels and keep pace with the latest maritime standards, while maintaining the highest standards of integrity and financial transparency in every detail of operations.