The Libyan Investment Authority (LIA) revealed yesterday that its investment portfolio had achieved returns of US$ 1.6 billion in 2024, achieving a growth of 6 percent.
This reflects an increase in the value of its assets to US$ 39.5 billion, from US$ 37.28 billion at the end of 2023.
The LIA revealed that this financial assets portfolio consists of three investment portfolios, namely the time deposit portfolio, which represents 57.5 percent of the total portfolio, and the equity portfolio 23.49 percent, and the investment funds portfolio which constitutes 19.01 percent. All these portfolios achieved returns and growth during the fiscal year 2024, it added.
The time deposit portfolio, both direct and indirect, amounted to US$ 22.72 billion, and the percentage of investments of this portfolio reached 27.28 percent in the United Kingdom, and in France 12.22 percent. The time deposit portfolio is distributed in three continents, namely Europe by 69.58 percent, followed by Asia by 18.75 percent, and Africa by 11.67 percent, and this distribution comes within the framework of the investment policy of the institution to ensure stability and achieve sustainable returns.
As for the equity portfolio, it witnessed a significant increase by 11 percent compared to 2023, to reach a value of $ 9.28 billion in 2024. These investments are concentrated in the U.S. by 42.80 percent, followed by Germany by 22.33 percent, then Italy by 16.54 percent, and the rest of the percentages vary in another group of countries. The net dividend value of the stock portfolio reached US$ 266.47 by the end of December 2024 as a result of the noticeable improvement in the performance of shares in the service sectors. The energy sector recorded the highest returns by 21.98 percent, followed by the financial sector by 20.25 percent, then the health sector by 16.38 percent.
The net asset value of the mutual fund portfolio is US$ 7.51 billion, with an annual rate of return of 3.12 percent, managed by international asset managers such as Notz Stucki and Spencer House, with a wide geographical distribution, enhancing return stability and reducing investment risk.
The LIA emphasised the continuation of work to maximize the value of its investment portfolio and increase its annual growth rate, especially after the issuance of the United Nations Security Council Resolution No. (2769) of 2025, which allowed it to reinvest frozen cash and bonds that have matured while remaining frozen and their returns. It confirmed that this matter will reflect positively on its financial and investment performance.