The Libyan Investment Authority (LIA) has announced positive results in implementing its strategy during the third quarter of 2024.
In a statement, LIA reported managing assets valued at $70 billion, with a portion invested in a diversified financial portfolio across sectors, geographies, and financial instruments.
The market value of the equity portfolio reached $9.72 billion, achieving a 24.2% growth rate compared to Q3 2023. Time deposits accounted for $22.5 billion, generating returns of $880 million by Q3 2024, representing a growth rate of 20%.
Additionally, the investment fund portfolio increased by $210 million, bringing its total value to $7.39 billion, with a growth rate of 2.9%.
Economy
