The Libyan Investment Authority (LIA) is pleased to announce the results of the financial performance of its investment portfolio for the year 2024, achieving a total return of USD 1.6 billion, recording an increase in the value of its assets to reach USD 39.5 billion, compared to USD 37.28 billion at the end of 2023, achieving a growth of 6%.

LIA’s financial assets portfolio comprises three investment portfolios: the time deposit portfolio representing 57.50% of the total portfolio, the equity portfolio representing 23.49%, and the investment funds portfolio representing 19.01%. All of the aforementioned portfolios achieved returns and growth during the fiscal year 2024.

The value of the time deposit portfolio, both direct and indirect, has reached USD 22.72 billion, with 27.28% invested in the United Kingdom and 12.22% in France. It is worth mentioning that the time deposit portfolio is distributed across three continents: Europe with 69.58%, followed by Asia with 18.75%, and Africa with 11.67%. This distribution aligns with LIA’s investment policy of ensuring stability and achieving sustainable returns.

The equity portfolio witnessed a significant increase of 11% compared to 2023, reaching USD 9.28 billion in 2024. These investments are mainly located in the United States with 42.80%, followed by Germany with 22.33% and Italy with 16.54%, with the remaining investments spread across other countries. The net value of distributions for the equity portfolio reached USD 266.47 million by the end of December 2024 as a result of the remarkable improvement in the performance of equities in the services sectors, while the energy sector has recorded the highest returns at 21.98%, followed by the financial sector at 20.25%, and the health sector at 16.38%.

Furthermore the net asset value of the investment funds portfolio reached USD 7.51 billion, representing a 3.12% annual rate of return. These investments are managed by international asset managers such as Notz Stucki and Spencer House, with a broad geographical allocation, which enhances the stability of returns and mitigates investment risks.

On this occasion, the LIA reaffirms its commitment to continue its efforts to maximize the value of its investment portfolio and increase its annual growth rate, especially after the issuance of United Nations Security Council Resolution 2769 of 2025, which permitted the LIA to reinvest frozen cash and matured bonds while remaining under the freeze alongside its returns. The LIA confirms that this matter will have a positive impact on its financial and investment performance.

Libyan Investment Authority

Issued On : 11/02/2025