Monday, May 20

LIA Estimates Assets at Over $68B

Tripoli_ Libya Investment Authority (LIA) said Wednesday that its assets have been valued at $68.4 billion in 2019.

In a statement, it said the assets included $33.5 billion in cash, $21.1 billion in investment portfolios, $11.4 in real estate and $3.4 billion in other budget assets, or 48.9%, 29.4%, 16.7% and 5% respectively.

The assets evaluation was made by Deloitte, a world accounting and auditing company.

Prime Minister Abdulhamid Dabiabah who attended the announcement along with the governor of the Libyan Central Bank called on LIA managing team to apply the highest standards of transparency and good governance.  

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