The Libyan Investment Authority (LIA) announce last Tuesday (26 February) the 2025 financial performance results for its direct investment portfolio.
It reported that the market value of directly managed financial assets reached US$ 41.7 billion. It said these assets are available for investment but subject to international asset freezes. It reported that the portfolio generated total returns of US$ 2 billion, representing an annualized return of 4.79%.
LIA’s three diversified portfolios
The LIA’s financial investment portfolio comprises three diversified portfolios: a time deposit portfolio valued at US$ 24.9 billion, an equity portfolio valued at US$ 12.9 billion, and an investment fund portfolio valued at US$ 3.8 billion.
LIA holds uninvested cash balances of US$ 9.1 billion
The LIA said it also holds uninvested cash balances of US$ 9.1 billion. These balances arose from the maturity of several financial instruments and securities, which led to their liquidation and conversion into restricted cash under asset freeze orders. These funds were not reinvested during the preceding period.
LIA working to reinvest cash balances subject to UN restrictions
The LIA is currently working to reinvest these balances in low-risk instruments, in accordance with UN Security Council Resolution 2769 (2025), which authorizes the LIA to invest these funds in time deposits and fixed-income securities with limited risk.
Other LIA subsidiary assets valued at US$ 28.2 billion
The LIA pointed out that the aforementioned figures refer only to the LIA’s direct financial investments. Other assets managed through subsidiaries were valued at US$ 28.2 billion according to the latest valuation conducted by Deloitte in 2019.
LIA to revalue its subsidiaries’ assets
The LIA is currently preparing to launch a comprehensive revaluation project for its subsidiaries’ assets for 2025, with the aim of updating their fair values and incorporating them into the LIA’s consolidated financial statements.
The LIA said this comes as part of its efforts to complete the preparation of the consolidated financial statements for the group in accordance with International Financial Reporting Standards (IFRS), which enhances transparency levels and provides a complete financial picture to all national and international stakeholders.
