The Libyan Investment Authority (LIA) is pleased to announce the financial performance results of its directly managed investment portfolio for the first quarter of 2026. The market value of directly managed financial assets, including cash holdings, reached approximately USD 51.8 billion, compared with USD 50.9 billion at the end of 2025, representing growth of 1.7%, equivalent to an increase of USD 900 million. This increase was driven by a rise of approximately USD 600 million in the market value of the equity portfolio, in addition to realised returns from dividend distributions and interest earned on term deposits amounting to USD 307.7 million.

Accordingly, the directly managed financial investment portfolio generated returns of USD 307.7 million, derived from three diversified investment portfolios: the term deposit portfolio, valued at USD 25.2 billion, which generated returns of USD 234.3 million; the equity portfolio, valued at USD 13.5 billion, which generated returns of USD 72.9 million; and the investment funds portfolio, valued at USD 3.9 billion, which generated returns of USD 0.56 million.

LIA also maintains USD 9.22 billion in uninvested cash balances. These balances are separate from the total directly managed financial assets and arose as a result of the maturity of a number of financial instruments and securities, which were subsequently liquidated and converted into cash restricted under the freeze measures. LIA is currently working to reinvest these balances in low-risk instruments. Applications have been submitted to the relevant authorities in the jurisdictions where the frozen funds are held to obtain licences for the reinvestment of approximately USD 5 billion. The funds will be invested, in coordination with the relevant sanctions committee, within the same geographical scope in which they are currently held, thereby ensuring full compliance with international restrictions and the continuity of asset management.

This is being undertaken within the framework of a strategic asset allocation approach aligned with the leading practices of sovereign wealth funds, alongside a medium-term asset allocation that is consistent with the recommendations contained in United Nations Security Council Resolution 2769 (2025), which permits LIA to invest liquidity in term deposits and low-risk fixed-income instruments.

The value of assets indirectly managed through subsidiaries amounts to USD 28.2 billion, based on the latest valuation conducted by Deloitte in 2019. LIA continues to work on the valuation of subsidiary assets for 2025 with the aim of updating their fair values and incorporating them into the Authority’s consolidated financial statements. The Board of Directors has appointed the advisory firm that will support the implementation of the project, and the project plan will be formally announced by the end of June 2026.

At the same time, LIA continues to prepare the Group’s consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS), thereby enhancing transparency and providing a comprehensive financial picture for all national and international stakeholders. LIA has completed the preparation of consolidated financial statements up to the 2022 financial year and is currently preparing the consolidated financial statements for 2023.

In parallel, LIA continues to complete the audit of the separate financial statements of the Libyan Investment Authority and the Long-Term Portfolio up to the 2024 financial year. As a result, most of the requirements for achieving synchronisation between the preparation and audit processes have been met.

Libyan Investment Authority
Issued on : 15th June 2026