Libyan Investment Authority Says Direct Financial Assets Rose to $51.8 Billion in Q1 2026
Libya – The Libyan Investment Authority announced the financial performance results of its direct investment portfolio for the first quarter of 2026, stating that the market value of directly managed financial assets, including cash assets, reached around $51.8 billion, compared with $50.9 billion at the end of 2025, marking growth of 1.7%, equivalent to an increase of about $900 million.
Rise in Equities and Deposit Returns
In a statement, the authority explained that the increase was driven by a rise of around $600 million in the market value of its equity portfolio, in addition to $307.7 million in returns generated from dividend distributions and interest on time deposits.
Three Diversified Portfolios
The authority said its direct financial investment portfolio generated returns of $307.7 million across three diversified investment portfolios: a time-deposit portfolio valued at $25.2 billion, which generated $234.3 million in returns; an equity portfolio valued at $13.5 billion, which generated $72.9 million in returns; and an investment funds portfolio valued at $3.9 billion, which generated $0.56 million in returns.
Uninvested Cash Balances
The authority also noted that it holds uninvested cash balances worth $9.22 billion, separate from the total directly managed financial assets. These balances, it explained, arose from the maturity of several instruments and securities, which were liquidated and converted into cash restricted under asset-freeze resolutions.
Requests to Reinvest $5 Billion
The authority said it is currently working to redeploy these balances into low-risk instruments, adding that licence applications have been submitted to the local authorities in the countries where the frozen funds are located to reinvest around $5 billion.
It said the funds would be reinvested in coordination with the sanctions committee within the same geographic scope, “inside the same countries,” in a manner that ensures full compliance with international restrictions and the continued management of assets.
Strategic Asset Allocation
The authority added that these steps fall within a strategic asset-allocation framework consistent with best practices followed by sovereign wealth funds, alongside a medium-term allocation aligned with the recommendations of UN Security Council Resolution 2769 of 2025, which allows the authority to invest liquidity in time deposits and fixed-income instruments with limited risk.
Indirect Assets Valued at $28.2 Billion
The authority further stated that the value of indirect assets managed through subsidiary companies stands at $28.2 billion, according to the latest valuation conducted by Deloitte in 2019.
It added that work is continuing to value the assets of its subsidiaries for 2025, with the aim of updating fair values and incorporating them into the authority’s consolidated financial statements. The board of directors has appointed the advisory firm supporting the project, and the project plan is expected to be officially announced at the end of June.
Financial Statements Under IFRS
The authority stressed that it is continuing to prepare the group’s consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), in a step aimed at enhancing transparency and providing a complete financial picture for national and international stakeholders.
It said it had completed the preparation of its consolidated financial statements up to 2022, while work is under way on the consolidated financial statements for 2023. In parallel, the authority is continuing to complete audit work on the separate financial statements of the authority and the Long-Term Investment Portfolio up to 2024, noting that most of the requirements for reaching synchronization between preparation and auditing have now been achieved.
