2010
Law No. (13)
The Libyan Investment Authority (LIA) is governed by Law No. (13) of 2010, which sets out our purpose, Board responsibilities, funding mechanism and structure. It defines clear operational independence for the LIA and establishes standards of public accountability.
Our governance framework is designed to establish sound and effective operations for the LIA to realise our organisational objectives. The objectives of the LIA and classification of roles and responsibilities for the Board of Trustees, Board of Directors, and the Executive Management team are detailed in Law No. (13).
The LIA is a legally and financially independent investment entity. As an autonomous government entity, we are legally separate from the government – this means that while we are accountable to the Libyan government, we have full operational independence.
Our senior governing body, the Board of Trustees, appoints and oversees the performance of the Board of Directors, helps ensure that the LIA is on track to achieve our objectives, and provides overall guidance and direction.
It is the ultimate responsibility of the Board of Directors and Executive Management team to pursue the LIA’s objectives, drive the delivery of our strategy, and manage our day-to-day operations.
The LIA is a legally and financially independent investment entity. As an autonomous government entity, we are legally separate from the government – this means that while we are accountable to the Libyan government, we have full operational independence.
Our senior governing body, the Board of Trustees, appoints and oversees the performance of the Board of Directors, helps ensure that the LIA is on track to achieve our objectives, and provides overall guidance and direction.
It is the ultimate responsibility of the Board of Directors and Executive Management team to pursue the LIA’s objectives, drive the delivery of our strategy, and manage our day-to-day operations.
Our Board of Trustees
The LIA’s Board of Trustees is appointed by Libya’s internationally-recognised Government of National Accord (GNA). While it is chaired by the Prime Minister, HE Mr Fayez Al-Sarraj, and consists of key government officials, the LIA operates as a separate entity to the state.
Other members of our Board of Trustees include:
HE Mr. Faraj Abumtary
HE Mr Al-Siddiq Al-Kabir
HE Mr Al-Hadi Al-Taher Al-Juhaimi
HE Mr. Faraj Abumtary
Mr Said Mohammed El Houdieri
Mr Mohammed Houidie Ben Zahra
