Libyan Investment Authority

Libyan Investment Authority is the English name for the state fund of Libya. This was the General People's Committee established in August 2006 with an initial capital of about 40 billion U.S. dollars. Objective of the Fund is to provide the surpluses to create diversified from oil exports and thus to reduce the dependence of the state on oil exports.

  • 2.1 Cash and cash equivalents
  • 2.2 Libya Foreign Investment Company ( LFIC ) 2.2.1 Oilinvest
  • 2.2.2 Libyan Arab African Investment Trade Company ( LAAICO )
  • 2.2.3 Libyan African Investment Portfolio (LAP ) 2.2.3.1 LAP Green Network (LAP greenn )
  • 2.3.1 Al- Inma Investment Holdings for Services Investments
  • 2.3.2 Al- Inma Investment Holdings for Industrial Investments
  • 2.3.3 Libyan Holding Co. for Development and Investment
  • 2.3.4 Al- Inma Investment Holdings for Tourism Investment
  • 2.3.5 Al- Inma Investment Holdings for Construction and Real Estate

Staff

LIA

The Libyan Investment Authority is governed by a nine -member Board of Trustees ( Trustees Council). The committee is appointed by the Libyan parliament for five years, its members may be reappointed indefinitely. You determine the Board of Directors (Board of Directors ), the Managing Director and his deputy. The Board of Trustees may appoint directors of subordinate bodies in the General Assembly and set up external advisory bodies. It shall take its decisions by an absolute majority. The Board of Trustees reports on the performance of the Board and publishes them against the Libyan parliament. The Board of Directors consists of five members, including the chairman, his deputy and the managing director.

Foundation Board of Trustees ( Trustees Council)

Members of the board are:

  • Al- Baghdadi Ali al- Mahmudi Chairman, General Secretary of the General People's Committee
  • Abd -al- Hafid Mahmud al - Zulaytini Deputy Chairman, Deputy Secretary General of the General People's Committee
  • Mahmoud Ibrahim Jebril, People's Committee, Secretary of the National Planning Council
  • Ammar Latif, People's Committee Secretary of Tourism
  • Ali Abd -al- Aziz al - Isawi, People's Committee Secretary of Economy, Trade & Investment
  • Moussa Koussa, People's Committee for Foreign Liaison Secretary & International Cooperation
  • Muhammad al- Huwayj, Financial Secretary of the General People's Congress
  • Taher al - Juhaymi, People's Committee Secretary for Planning
  • Farhat Bengdara, Central Bank Governor of the Central Bank of Libya (CBL).

Board of Directors (Board of Directors )

Members of the Board are:

  • Mohammed Husain Layas Managing Director, Secretary General of the Libyan Arab Foreign Bank ( LAFB ), Deputy Chairman of the British Arab Commercial Bank; to 2004 he was Director General there. Layas since 2001, board member of the Arab Banking Corporation. Previously he was Director of Banco Atlántico, Banque Arabe Intercontinental and the Arab International Bank.
  • Mustafa Zarti, Deputy Managing Director

LAAICO

  • Abdulftah Sharif, Director General of LAAICO

Investments

This controlled by the Gaddafi clan Libyan funds invested by 2009 over 65 billion U.S. dollars in projects. The LIA holds eight billion in shares in 107 companies. 65 percent of these investments are invested in North Africa, 20 percent in Asia and 15 percent in Europe, North and South America. The money is in banks, newspapers, sports clubs, energy companies, telecommunications and automobile companies, defense industry, mining companies, real estate companies and the tourism sector.

Cash and cash equivalents

2009, the Fund had invested only 22 percent of its ownership in the long term, he held 39.81 billion in cash and short-term financial instruments. General Layas stated, according to a secret report by the U.S. ambassador Gene Cretz on 28 January 2010, the fund Concerning operative over 32 billion U.S. dollars cash, "especially in bank deposits that will give us good long-term returns ." Several U.S. banks managed accordingly 300-500 million U.S. dollars each. The bulk of the investment, however, is in London banks and real estate. In the following banks and private equity firms, the LIA accounts

  • Goldman Sachs
  • JP Morgan
  • Fortis
  • Export-Import Bank of the United States
  • Citigroup
  • Carlyle Group
  • Blackstone
  • Unicredit
  • FM Capital Partners
  • Boston Generating LLC

Libya Foreign Investment Company ( LFIC )

The LFIC was founded in 1981 as the Libyan Arab Foreign Investment Company ( Lafico ) with an initial investment of 1.7 billion U.S. dollars. The global investments totaled by his own admission in 2006 to 1.885 billion Libyan dinars ( about 1.5 billion U.S. dollars ). 2006 was the LAFICA part of the LIA. It manages 3.5 billion in investments and real estate, including

  • 7,585 percent of the Italian bank Unicredit (of which 4.988 per cent by the Central Bank of Libya (CBL) )
  • About 68 percent of the Italian Banca SpA UBAE ( held by the Libyan Foreign Bank, Unicredit SpA and the Central Bank of Libya (CBL) )
  • 5 percent of the Italian Banca di Roma
  • 2.6 per cent of the Italian automotive group Fiat
  • 7.5 percent of Italian football club Juventus
  • 2.01 percent of the Italian defense company Finmeccanica
  • Less than 6.4 percent of the Italian energy group Eni
  • Approximately 1.4 percent of the Russian aluminum company Rusal
  • About 3 percent of the British publisher Pearson, which also includes the Financial Times belongs.
  • Shares of International Hotel Investments plc ( IHI ) has this 72 percent of the Portuguese Alfa Investimentos Lda Turisticos
  • 70 per cent of the Maltese CHI Limited
  • 100 percent of the Maltese Corinthia Towers Tripoli Limited
  • 100 percent of the Maltese Five Star Hotels Limited
  • 100 percent of the Dutch IHI Benelux BV
  • 100 percent of the Hungarian IHI Hungary Zrt
  • 100 percent of the Maltese IHI Lisbon Limited
  • S.r.o. 100 percent of the Czech IHI Towers
  • Art Hotel in Antalya
  • Corinthia Palace Hotel & Spa in San Anton
  • Hôtel du Lac in Tunis
  • Excelsior Hotel in Side
  • Gulluk Hotel in Gulluk
  • Konospiste hotel in Konopiste
  • Labranda Hotel in Gulluk
  • Marina Hotel at the Corinthia Beach Resort in St. George 's Bay
  • Panorama Hotel in Prague
  • Ramada Plaza Budapest
  • Ramada Plaza Tunis
  • Santarém Hotel in Santarém
  • Tekirova Hotel in Antalya

Oilinvest

The Dutch oil company Oilinvest International was founded in 1988 with a share capital of 450 million U.S. dollars, which have been held in equal parts by Lafico, Libyan Foreign Bank ( LAFB ) and the National Oil Company (NOC ). He also belongs since 2006 to the Libyan Investment Authority with the following subsidiaries:

  • German Holborn refinery refinery Europe GmbH
  • Maltese petrochemicals group Chempetrol Overseas Limited

Libyan Arab African Investment Trade Company ( LAAICO )

The LAAICO is since 2006 part of the LIA and has invested in 26 of the 53 African countries, in four other became involved LAP ( Libyan African Investment Portfolio). This sub- fund managed by five billion dollars a majority of long-term investments.

The LAAICO has investment and joint ventures in the African telecommunications sector. She holds mining companies with ore for producing steel, diamonds, and gold resources and would like to expand into rare earths. In the tourism sector, they keep the hotel facilities and land through real estate companies. In the agricultural sector is planning to expand into the tobacco and fruit cultivation. In the manufacturing industry, the fund earned natural rubber processing, fruit juice and water bottling plants, wood industry, plastics industry and mass production. LAAICO has

  • Four -star Atlantic Hotel in Banjul ( 204 rooms )
  • 60 percent of the African International Trading Company
  • 86 percent of the real estate company Pan African Real Estate Corporation
  • Rubber Factory (1000 t / year)
  • 50 percent of the real estate company BDS
  • 50 percent of the fruit group N.S.T.
  • GLAHCO Hotels & Tourism Development Company Limited ( GHTDCO ) this has the following hotels Four -star Hotel Golden Tulip in Accra (234 rooms and 16 apartments )
  • Four -star Hotel Golden Tulip Kumasi City ( 160 rooms )
  • 51 percent of Niger's telecommunications group SONITEL possessed.
  • Hotels ( inter alia, five star hotel with 200 rooms under construction at N'djamena )
  • Real Estate Companies
  • Mineral water factory
  • Material manufacturer
  • Five star Michelangelo Hotel in Johannesburg
  • 40 percent of the Legacy Hotel Holdings owns the following real estate Commodore Hotel ( 232 rooms )
  • Portswood Hotel ( 102 rooms )
  • Kwa Maritane Hotel ( 90 rooms )
  • Bakubung Hotel ( 76 rooms )
  • Checodore Hotel ( 20 rooms)
  • 4186 sqm land for a 33 - story high-rise
  • Poultry
  • Tourism
  • Property

Libyan African Investment Portfolio (LAP )

The LAP is the African LAAICO subsidiary which was in 2006 equipped with 5 billion dollars seed capital. It has the following investments:

  • Over 50 percent of Afriqiyah Airlines
  • Over 50 percent of Mauritian - Libyan satellite joint venture RASCOM Star - QAF (Regional African Satellite Communications Organization)
  • OiLibya Holding ( Group Tamoil the African section ) with a network of 3,000 filling stations in 21 African countries
  • Sahel -Saharan Investment and Trade Bank ( BISC )
  • Shares of Swiss - LAP daughter Libyan African Portfolio ( Suisse ) SA, which together with the Swiss Dammbauberater Stucky Holding Limited Owns 100 percent of the Libyan Cement Company Misurata Cement Terminal FZC
LAP Green Network (LAP greenn )

In 2010, LAP greenn had 5.2 million customers. In addition to fixed network infrastructure and mobile, here are also GPS and GPRS services purchased. The LAP Green Holding / LAP Green Com include

  • 80 percent of the Rwandan telecommunications group Rwandtel
  • Over 50 percent of the telecommunications group of the Ivory Coast Oricel Green
  • 69 percent of Uganda's telecommunications giant Uganda Telecom Limited ( UTL ) after it bought out the Swiss - Libyan Konsortion UCOM. This has 51 percent of Niger's telecommunications group SONITEL ( Société des Télécommunications Nigérienne, Nigeria Telecommunications Society ). This holds Shares in the Nigerian mobile phone company SahelCom
  • Zamtel online
  • Cell -Z

Economic and Social Development Fund ( ESDF )

The Economic and Social Development Fund is managed by the LIA. The objective of economic and social development fund claims to be the " raise standard of living of poor Libyan families." This foundation is divided into five subsidiaries with different investment priorities.

Al- Inma Investment Holdings for Services Investments

This foundation is investing in the services sector and has

Al- Inma Investment Holdings for Industrial Investments

The Foundation invests in the industrial sector and has

Libyan Holding Co. for Development and Investment

This foundation is investing in development projects and has

  • 35 percent of the Libyan Contractor Union Co.
  • 40 percent of the Libyan Feraera Mshkita Co.
  • 35 percent of the Libyan Syrian Co. for Nets & Contractor
  • 35 percent of Shaborjis B Co.
  • 30 percent of Laburg International Limited Co.
  • 40 percent of the Hani Co. for Contractor
  • 35 percent of Oya Co. for Big Projects
  • 40 percent of ASFI Co. for Contractors
  • 50 percent of Libya Almaber Co. for Real Estate & Investment
  • 88.4 percent of the Libyan National Investment Co.
  • 100 percent of the Gordabia Holding Co. for Constructors
  • 51 percent of the Gulf Co.
  • 40 percent of Libya Amperjeleo Co. for Contractors
  • 40 percent of Libya Ramco Co. for Contractors
  • 40 percent of Libya Sornisen Co.
  • 40 percent of the Al Sahara el Kobra Co. for Contractors
  • 40 percent of Libya Alnafida Co. for Contractors
  • 70 percent of Alwaha West Co. for Contractors
  • 40 percent of Eltadshin Co. for Contractor
  • 40 percent of Libya Sambol Co. for Contractors
  • 40 percent of Altayf Co. Contractors
  • 35 percent of the Rig Libya Co. for contractors
  • 35 percent of the Anna Yort Libya for Contractors
  • 80 percent of Preparation Co. for Industrial Investment

Al- Inma Investment Holdings for Tourism Investment

This foundation is investing in the tourism sector and has

Al- Inma Investment Holdings for Construction and Real Estate

The Foundation invests in the real estate sector and has

Oil Reserve Fund ( ORF)

According to a study by Morgan Stanley had the Libyan Oil reserve fund in 2005 about 50 billion deposit. How much of it at the founding of the LIA (2006) in the other sub- funds and their investment was transferred, is unclear.

Long - Term Investment Portfolio

This long-term fund was established in 1982 and managed, according to data from Layas, 10 billion U.S. dollars in 2008.

Further investments

Gaddafi himself is, according to the " Financial Times " have invested about 21.9 million U.S. dollars in a hotel resort in the Italian town of L' Aquila.

Furthermore, the LIA in the meantime held shares in the Belgian bank Fortis and about 0.02 percent of Royal Bank of Scotland.

According to their Vice President Mustafa Zarti The LIA also has shares in the Austrian brick manufacturer Wienerberger AG.

The Libyan postal holds a 14.8 per cent of the Italian telecom company Retelit and is therefore the strongest shareholder of the Company. Gaddafi's finance company Lafitrade holds 10 percent of the French film company Quinta Communications, in which Berlusconi's media holding company Fininvest and the French- Algerian friend Tarak Ben Ammar are invest.

Freezing of accounts

In the course of the uprising in Libya in 2011, the German accounts of the Libyan Investment Authority and its leaders on 10 March 2011 have been revoked.

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