The Head of the Libyan Investment Authority (LIA) Ali Mahmoud Hassan said LIA made 1.2 billion dollars in profit in 2022, expecting a 2 billion profit range this year.
Hassan added in a speech on the occasion of announcing the approval of LIA's financial data with the lists, which he considered "a critical stage in LIA's work process, reiterating that LIA was working on auditing the accounts of recent years to be completed in line with the financial statements. He said that the success in tightening control over the portfolios and subsidiaries helped in completing the auditing process.
LIA received on Tuesday a report on the verification of its financial statements and its subsidiaries by the international auditor “Ernst & Young” (EY), which completed the auditing and verification process in cooperation with the LIA's Board of Directors. It organized a celebration on this occasion in Tripoli, and it was attended by the LIA's Head and members.
