Libya’s long dormant stock exchange will witness a number of public offerings this year, including two Islamic banks. A real estate investment fund offering is also in the pipeline along with a number of potential sukuk.

“The stock market is expected to reopen within the next five months after being closed for six years because of the war in the country, the website reported,” Ahmed Karoud, the general manager of the Libyan Stock Market (LSM)said.

Karoud said that Libya’s Government of National Unity and Capital Market Authority are working to get the bourse ready to resume trading.

The Capital Market Authority is also reaching out to brokerage firms that have incurred large losses over the years to ensure their financial solvency, he said.


Source Arab News