First National launches Real Estate Fund

First National Finance Corporation launched its Real Estate and Hospitality Fund this week.

The fund aiming to provide investment opportunities in the Maldives' real estate and hospitality sectors and is licensed by the Capital Market Development Authority (CMDA), which regulates the country's capital markets.

First National Finance Corporation CEO Hassan Ziyath said that the fund is designed to facilitate access to investments for a wide range of people. He said that even those with as little as MVR 10,000 could invest in the fund, making it an attractive opportunity for various investors.

The fund offers two investment options:

- Equity Investment: Investors can purchase shares in the fund, with an estimated annual return of 20 percent. These investors will receive returns four times a year.

- Debt Investment: The fund also offers bonds with an annual return of 12 percent over six years. Bondholders will receive returns four times a year as well.