As part of the arrangement, 19 plots of land registered under the Ministry of Finance were transferred to FDC in exchange for 103 million of the outstanding shares. The two parties agreed on the value of the 19 plots at MVR 1.3 billion.
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Flats being constructed by Fahi Dhiriulhun Corporation
Malika Shahid
2024-11-19 10:24:59
The Ministry of Finance has transferred MVR 1 billion worth of land to Fahi Dhiriulhun Corporation (FDC) as part of the government’s stakes in the company.
The 100 percent state-owned Fahi Dhiriulhun Corporation now holds 200 million shares. Of the MVR 2 billion worth of shares, the government has not paid for 107 million shares.
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