Achieve sustainable investment returns for the future of coming generations
ESTABLISHED IN
2006
The Libyan Investment Authority is the National Sovereign Wealth Fund in Libya, established in 2006, It is considered the largest Sovereign Wealth Fund in Africa, as it manages assets worth more than $68.4 billion in Africa, Europe, Asia and North America (according to the latest valuation conducted in 2019).
Our mission is to preserve the wealth of the Libyan people entrusted with the Authority for management and development to ensure a prosperous future for the coming generations.
We are committed to achieving stable and competitive business returns over the long term, by investing in a variety of economic sectors and across different geographical regions.
The investment portfolio of the Libyan Investment Authority covers a wide range of sectors and asset classes, including:
The investment portfolio of the Libyan Investment Authority covers a wide range of sectors and asset classes, including:
We have an independent legal liability and financial liability.
We are firmly committed to investing for Libya’s long-term development, and recognize the critical role we play in protecting the assets of our people.
We are committed to bringing about a real change in the context of our continuous pursuit of excellence in our institutional performance, and the exercise of our investment activity in accordance with the best international practices followed in governance, transparency and accountability.
28 August
2006
The Libyan Investment Authority was established on 28 August, 2006 by virtue of Resolution No. 208 issued by the former General People’s Committee (now replaced by the Cabinet of Ministers)
2010
It was reorganized under Law No. (13) of 2010, which defined the Libyan Investment Authority as an investment company with independent financial liability and legal liability.
Main stations
-
2006
The establishment of the Libyan Investment Authority -
2007
The operational launch of the Libyan Investment Authority. The Libyan Investment Authority included the Oil Investment Company. -
2008
The Libyan Investment Authority included the Libyan Foreign Investment Company, the Libya Africa Investment Portfolio and the Long-Term Portfolio. -
2009
The Libyan Investment Authority entered into many foreign partnerships and expanded investments. -
2010
Reorganization of the Libyan Investment Authority under Law No. (13) -
2011
Freezing the assets of the Libyan Investment Authority by Security Council Resolution No. (1970). -
2017
The successful settlement of the case between the Libyan Investment Authority and Societe Generale Bank. -
2019
Adoption of LIA ‘s strategy. -
2020
The Libyan Investment Authority launches the comprehensive transformation program. -
2020
Resolution of the legitimacy dispute in favor of the Board of Directors of the Libyan Investment Authority. -
2021
Appointment of an external auditor for the accounts of the Libyan Investment Authority.
Subsidiaries of the Libyan Investment Authority
-
The Libyan Fund for Internal Investment and Development
“LIA is committed to preserving and developing the assets of the Fund for the benefit of all Libyans and future generations, and through prudent supervision and professional management, we are confident that we have the expertise and experience necessary to maximize Libya’s wealth for the country’s future.”