Libyan Investment Authority publishes assets valuation for 2019

Libyan Investment Authority publishes assets valuation for 2019

May 06, 2021 - 20:05
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Written By: AbdulkaderAssad

Libyan Investment Authority (LIA) announced Wednesday, in a ceremony in Tripoli in the presence of Prime Minister Abdul-Hamid Dbeibah, Central Bank governor Al-Siddiq Al-Kabir, and other officials, the final valuation of its 2019 assets done by Deloitte international auditing firm, saying the assets stand at 68.4 billion dollars.

LIA added in a statement that the assessed assets included cash - 33.5 billion dollars; 48.9% of the total value - sovereign funds - 20.1 billion dollars; 29.4% - companies' assets and real estate 11.4 billion dollars; 16.7% - as well as other finances - 3.4 billion dollars; 5%.

LIA said the process and efforts of this valuation included all investments and assets related to the fund in cooperation with Deloitte firm, adding it had succeeded in preserving the assets despite the ongoing conditions.

LIA said it was looking forward to starting the second phase of the transformation strategy that includes a continuous implementation of transparency and governance.

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