The Libyan Investment Authority (LIA) has signed an agreement aimed at strengthening its cooperation framework with Bahrain’s ABC Bank, marking a strategic step to reinforce the partnership between the two institutions.

The agreement includes a series of provisions designed to safeguard the LIA’s assets and enhance the performance of its investment portfolio managed through the ABC Group.

This collaboration reflects the commitment of both parties to improving governance and adopting best practices in investment management to ensure sustainability and long-term growth.

On this occasion, Dr. Ali Mahmoud Hassen, Chairman and CEO of the LIA, stated:

“The signing of this agreement represents an important step in implementing UN Security Council Resolution 2769, which permits the Libyan Investment Authority to reinvest its uninvested cash balances. We remain committed to operating within the framework of Security Council resolutions and to working with ABC Bank Bahrain to protect our assets and strengthen returns in a manner that serves the interests of the Libyan people.”

Both parties affirmed that this agreement marks a new phase of constructive cooperation that supports their shared interests and advances the LIA’s long-term strategic objectives.