Last Update 11:9
Tuesday, 20 August 2019

Libya to set up real estate fund

New fund will be traded on reopened stock exchange and fund the rebuilding of the war-torn country, says Bourse official

Ahram Online, Wednesday 22 Feb 2012
Views: 495
Views: 495

Libya will create a real estate fund to help rebuild the country after the devastation of last year's civil war, the general manager of the country's stock market has said.

Speaking to Bloomberg, Ahmed Karoud said the fund will be established within six months, draw investment from individuals and non-government companies and will be traded on the exchange.
Libya's stock exchange lists thirteen firms, including the Bourse. Combined market capitalisation is around $3.1 billion.
The exchange was shut due to last year's conflict and its reopening has been delayed due to what Karoud called "liquidity-related problems".
Trading should finally resume this month, he said.
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.