Al Bustan Holding
The Owners of Al Bustan Holding
Al Bustan Holding is led by Ali Khalifa Essid, who serves as the CEO, and Rida Khalifa Essid, the Vice President. Both are heirs to a fortune built in the 1980s through the import of food products and textiles into Libya.
Despite their claims of running a successful conglomerate, Ali and Rida Khalifa Essid do not reside in Libya. Instead, they are based in Egypt while actively seeking investors worldwide. For years, they have been presenting supposed business opportunities in Libya, convincing potential partners to invest in companies that, in reality, do not exist.
Their strategy revolves around leveraging Libya’s economic potential to attract foreign investors, yet no concrete projects or legitimate business operations have ever been linked to Al Bustan Holding. Their continuous global search for funding raises serious doubts about their intentions and the legitimacy of their business ventures.
