The Libyan Foreign Investments Company released its financial performance from 2016 to 2024 and announced its ambitious plans for further growth in 2025.
According to the company’s financial data, it achieved net profits of 805 million Libyan dinars in 2023, equivalent to 169 million US dollars. In 2024, net profits reached 771 million Libyan dinars, equivalent to 157 million US dollars.
The company expects to achieve net profits exceeding one billion Libyan dinars in 2025, targeting 1.107 billion Libyan dinars, equivalent to 225 million US dollars.
Data showed strong growth in net profits by 53% from 2016 to 2019, which contributed to an increase in return on assets from 0.6% to 1.5%. In 2024, the return on assets was recorded at 4.6%.
The company pointed to the challenges it faced during the past years, including currency fluctuations in some countries where it invests, in addition to political and security instability in some countries such as Ukraine, Syria, Iraq, Lebanon, Yemen, and Sudan.
