First National Finance Corporation's Real Estate and Hospitality Fund received its investment fund license.
Capital Market Development Authority (CMDA) has awarded the investment fund license to First National Finance Corporation's Real Estate and Hospitality Fund.
The Corporation's CEO Hassan Ziyath said that this fund, which is open to investors of all levels and requires a minimum of MVR 10,000, is a great opportunity for investors.
“The fund can be subscribed to by investors from different backgrounds, with a minimum investment of MVR 10,000, including private individuals,” he said.
The fund will give investors the opportunity to participate in some of Maldives most profitable sectors, including real estate and hospitality, he also said.
The First National Real Estate and Hospitality Fund will open for subscription in October.
According to the Corporation, First National's main objective is to take Maldives financial sector to a new level and connect the country's economy to the international financial system.
In the past, the company has been assisting companies in issuing stocks, bonds and sukuk, providing fund management and wealth management services.
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