Privacy Policy – LISCO Auctions

This Privacy Policy explains how Libyan Iron and Steel Company, referred to in this policy as “the Company”, “we”, “our”, or “us”, collects, uses, protects, and manages data when users access or use the LISCO Auctions mobile application.

LISCO Auctions is designed to display and manage auctions related to the Company. The application may allow authorized users to sign in, view available auctions, review auction details, submit bids or offers, and upload documents required by the Company’s auction procedures.

Depending on how the application is used and the features available to the user, we may collect the following categories of data:

We do not intentionally collect more personal data than is necessary for the operation, security, verification, and official auction-related purposes of the application.

We may use collected data for the following purposes:

• Creating, managing, and securing user accounts.
• Allowing authorized users to access auction information and related features.
• Verifying user identity and eligibility to participate in auctions.
• Managing bids, offers, guarantees, documents, approvals, and official auction workflows.
• Communicating with users about account status, auction participation, support requests, or administrative matters.
• Improving application performance, reliability, security, and user experience.
• Detecting, preventing, and investigating fraud, misuse, unauthorized access, or policy violations.
• Complying with legal, regulatory, audit, security, and Company governance requirements.

We do not sell user personal data. We may share or disclose data only when necessary and appropriate, including:

• With authorized Company departments or personnel responsible for auctions, verification, finance, legal, audit, IT, or security operations.
• With service providers that help us operate the application, host data, maintain systems, or provide technical support, subject to appropriate confidentiality and security requirements.
• When required by applicable law, legal process, regulatory request, audit requirement, or official Company procedure.
• When necessary to protect the rights, safety, security, or property of the Company, users, or other parties.

User identity documents, submitted attachments, and auction-related records are not displayed publicly to other users unless such disclosure is required by the official auction process or applicable rules.

We apply reasonable technical and organizational measures to protect user data against unauthorized access, loss, misuse, alteration, or disclosure.

• Data transmitted between the application and our systems should be protected using encrypted connections such as HTTPS/TLS.
• Access to administrative systems and sensitive records should be limited to authorized personnel.
• Uploaded documents and identity-related records should be handled with additional care and access control.
• Security logs may be maintained to monitor, investigate, and protect the application and related systems.

No method of electronic transmission or storage is completely secure. However, we work to use appropriate safeguards according to the nature of the data and the purpose of the application.

We retain user data only for as long as necessary for the purposes described in this policy, including account management, auction participation, verification, compliance, audit, dispute resolution, security, and legal obligations.

Some records related to submitted bids, auction participation, approvals, guarantees, financial or administrative documents, and official Company procedures may be retained for a longer period when required for legal, regulatory, audit, compliance, dispute resolution, or security purposes.

When data is no longer required, we may delete it, anonymize it, or securely archive it according to applicable internal procedures.

Users of LISCO Auctions may request deletion of their account and associated personal data through the dedicated account deletion request page.

After receiving a deletion request, we will verify the requester’s identity and then delete or anonymize the account information associated with the user, including login and profile data, unless certain records must be retained for legal, security, audit, compliance, dispute resolution, or auction-related obligations.

Some data related to auction participation, submitted bids, approvals, guarantees, financial records, audit trails, or official Company procedures may be retained where necessary for compliance, legal, audit, dispute resolution, or security purposes.

Users may also use the same form to request correction, update, or deletion of certain data without deleting the entire account, where such request is technically and legally possible.

Subject to applicable laws, Company procedures, and the nature of the auction process, users may contact us to request:

• Access to certain personal data associated with their account.
• Correction or update of inaccurate account or profile information.
• Deletion of account data, subject to any legally required or operationally necessary retention.
• Clarification about how their data is used in relation to the application.

We may need to verify the identity of the requester before processing such requests.

LISCO Auctions is not intended for children. The application is intended for users who are authorized to access auction-related services according to the Company’s procedures. We do not knowingly collect personal data from children through this application.

We may update this Privacy Policy from time to time to reflect changes in the application, Company procedures, legal requirements, or data practices. The updated version will be published on this page with a revised effective date.

For privacy questions, account deletion requests, data correction requests, or support related to LISCO Auctions, please contact: