Libya Bourse to Reopen within Next Five Months; Two Islamic Bank Public Offerings in Pipeline

The Libyan Stock Market, which has been closed for six years as a result of the war, is expected to reopen its operations within the next five months, according to a report by United Arab Emirates-based news agency Asharq Business.

Why it Matters?

The Libyan Stock Market is to see multiple public offerings in 2021, including two Islamic banks and a real estate investment fund along with a number of potential Sukuk offerings. As stated by the General Manger of the Libyan Stock Market, Ahmed Karoud, Libya’s Government of National Unity and Capital Market Authority are working towards getting the stock exchange ready to start trading again.

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