Invest AD, the leading Abu Dhabi government owned financial services company, plans to launch a new fund to invest in Libya’s stock market, to take advantage of the fast growing Libyan economy, which has increased 10.6% in 2010. With 1.79 million barrels produced per day, Libya is the Africa’s fourth biggest oil producer.
The fund will be partly invested in initial public offerings and partly in stakes of private companies that are preparing to go public.
