May 2013 - MIH bondholders meeting

31st May 2013

Recently, at MFCC, the Mediterranean Investment Holdings (MIH) PLC organised its second annual meeting for its bondholders.  The bondholders were updated with the financial results registered in 2012 which showed a substantial improvement on the performance achieved in 2011.  

A statement by the company secretary, Mr. Stephen Bajada, said that, MIH aims to become a leading real estate developer in Libya. MIH is at an advanced stage of negotiations for the development of the Palm Waterfront project, adjacent to the existing Palm City Residences. This development comprises 257 residential units, a hotel of 164 rooms, an office building, a marina for 60 berths and also a set of cinemas and bowling centre.

The meeting’s objective was to update the bondholders with the financial performance of the company and that of its subsidiary; Palm City. For more details about these projects please visit www.mihplc.com and www.palmcityresidences.com .