Libya to Create Reconstruction Fund, Stock Exchange Chief Says
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Libya will create a real-estate fund to help rebuild the country after last year’s war to oust Muammar Qaddafi, said Ahmed Karoud, the general manager of the Libyan Stock Market.
The fund will be set up within six months, drawing investment from individuals and non-government companies, and will be traded on the exchange, Karoud said in an interview in Tripoli. Another fund for Islamic financial products will be set up within the same period, though it won’t be traded, he said, declining to give further details because the matter is still under discussion.