Our Portfolio - Libyan Investment Authority

Protection of LIA ‘s assets for future generations

The Libyan Investment Authority owns assets of approximately 67 billion US dollars (as per last valuation in 2012). The management of part of these assets is supervised by five subsidiaries, namely:

  • The Libyan Foreign Investment Company
  • The Libya Africa Investment Portfolio
  • The Libyan Internal Investment and Development Fund
  • The long-term investment portfolio
  • The Oil Investment Company

Whereas the Authority’s investment team undertakes the task of managing the rest of the assets, through:

  • Shares in companies listed on the main global stock exchanges.

  • Private and government bonds, including money market instruments.

  • Time deposits and cash deposited with the Central Bank of Libya and in a number of commercial banks.

  • 30%

  • 30%

  • 40%

The Libyan Investment Authority owns assets of approximately 67 billion US dollars (as per last valuation in 2012). The management of part of these assets is supervised by five subsidiaries, namely:

  • The Libyan Foreign Investment Company
  • The Libya Africa Investment Portfolio
  • The Libyan Internal Investment and Development Fund
  • The long-term investment portfolio
  • The Oil Investment Company

Whereas the Authority’s investment team undertakes the task of managing the rest of the assets, through:

  • 30%

  • 30%

  • 40%

  • Shares in companies listed on the main global stock exchanges.

  • Private and government bonds, including money market instruments.

  • Time deposits and cash deposited with the Central Bank of Libya and in a number of commercial banks.

over

550

Companies

The investments of the Libyan Investment Authority are distributed in more than 550 companies in

Africa, Europe, Asia and North America.

Our investment portfolio spans a wide range of industries and asset classes, including:

Financial investments and their derivatives
Sectors of agriculture
Real Estate
Hospitality
Oil & Gas
Industrial & production sector
Transportation
Technology
Media & communications
Consulting
Vehicles
Entertainment
Chemicals
Utilities

Our investment portfolio spans a wide range of industries and asset classes, including:

  • Financial investments and their derivatives

  • Sectors of agriculture

  • Real Estate

  • Hospitality

  • Oil & Gas

  • Industrial & production sector

  • Transportation

  • Technology

  • Media & Telecom

  • Consulting

  • Vehicles

  • Entertainment

  • Chemicals

  • Utilities

    The majority of our portfolio is made up of international assets, while part of the fund is still dedicated to local investments inside Libya to enhance the resilience of the Libyan economy.

    These investments are primarily concentrated in public sectors that are vital to Libya’s development, including the infrastructure, education and health sectors.

    As an investment partner in Libyan companies, we seek to adopt the best global financial practices, develop local capacities and stimulate the commercial movement.

    The sanctions regime imposed on the Libyan Investment Authority based on United Nations Security Council Resolutions

    No. 1973, 1970, 2009, and 2011 AD

    Currently, LIA’s assets abroad are subject to a freeze under Security Council resolutions of 2011, which were intended to protect the assets owned by LIA.

    During the revolution that occurred in 2011, the Libyan authorities requested the international community to freeze the assets of the Libyan Investment Authority for the purpose of protecting them, and currently the United Nations is applying these financial sanctions.

    Initially, the funds and financial assets owned by the Libyan Investment Authority located outside Libya were frozen on the date of Resolution No. 1970 of 2011.

    However, in 2018, the scope of the freeze was expanded to include interest earned on frozen funds) under Implementation Assistance Note No. (6).

    LIA is committed to implementing the sanctions regime originally designed to protect its assets.

    We worked with an international consulting firm to better understand the impact of sanctions on our international portfolio of assets by examining the impact on a sample of these assets. The results indicated that there are negative effects resulting from the sanctions regime.

    The Authority is working closely with its international partners, including the United Nations Sanctions Committee and the Panel of Experts to find an appropriate solution to avoid the negative impact of international sanctions while the freeze remains in place.

    The Libyan Investment Authority seeks to adhere to the highest standards of professionalism and disclosure. It will continue to cooperate with all relevant local and international organizations in all transparency and openness.

    UN Security Council Sanctions Committee

    To ensure full transparency, LIA has committed to periodically sharing its progress with the Sanctions Committee and related parties, and will continue to do so through regular reporting and annual external audits and will continue to work to strengthen governance, transparency, and accountability.

    The Libyan Investment Authority continues its commitment to fulfill its responsibilities as a global investment entity by following up its investment activities and ensuring their implementation in a manner that does not conflict with the sanctions regime, in force under the Security Council resolutions of 2011.


    © 2021 LIA,  ALL RIGHTS RESERVED.

    © 2021 LIA,  ALL RIGHTS RESERVED.