Tripoli – The Libyan Investment Authority announced its direct investment portfolio’s financial results for the first quarter of 2026, reporting an increase in the market value of directly managed financial assets—including cash assets—to about $51.8 billion. This marks a rise from $50.9 billion at the end of 2025, an increase of $900 million or 1.7%.
According to an official statement, this growth was driven mainly by a $600 million rise in the market value of its equity portfolio. The authority also reported earnings from dividends and interest on term deposits totaling $307.7 million.
During the first quarter of this year, the portfolio achieved returns of $307.7 million, distributed across three main investment portfolios. The term deposit portfolio amounted to $25.2 billion, with returns of $234.3 million. The equity portfolio stood at $13.5 billion, generating $72.9 million. The investment funds portfolio accounted for $3.9 billion, with returns of approximately $560,000.
The Authority also noted that it holds $9.22 billion in uninvested cash separate from the total directly managed assets. This liquidity resulted from the maturity of several financial instruments, converting them into cash that is currently restricted under international asset freeze decisions.
Currently, the Authority is working to reinvest these funds in low-risk instruments. It has submitted licensing requests to reinvest about $5 billion to relevant authorities in countries where the funds are frozen, in coordination with the sanctions committee and in compliance with international regulations.
Regarding indirectly managed assets through subsidiaries, the Authority said these assets were valued at $28.2 billion according to the last assessment by Deloitte in 2019. Efforts are ongoing to update the valuation of subsidiary assets for 2025, with the aim of determining fair values and including them in the Authority’s consolidated financial statements.
The board has appointed an advisory firm to support the asset evaluation project, and the official project plan is expected to be announced by the end of June.
In line with commitments to transparency and good governance, the Authority continues to prepare its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). Consolidated statements are completed through 2022, while those for 2023 are in progress. At the same time, audits on separate financial statements for the Authority and its long-term investment portfolio are ongoing for the period up to 2024.
The Authority stressed that these efforts aim to align the preparation and auditing of financial statements. The goal is to enhance disclosure and transparency for all local and international stakeholders.
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