In 1976, in a world much less open, LAFICO the Libyan government’s bank and precursor of the Libyan SWF, became a shareholder of Fiat, at that time in dire straits. Regeb Misellati and Abdullah Saudi were given two seats on the executive board and proved friendly and competent administrators. Ten years after, Fiat was again flourishing - the strategic vision of Giovanni Agnelli was vindicated and Libya cashed in an extraordinary gain ...