The Edition


President Yameen establishes National Investment Management Comapny

Shaina Abdulla
08 April 2018, MVT 11:31
Economic minister Mohamed Saeed speaks at the fourth Maldives Investment Forum in Dubar 2017. PHOTO/ECONOMIC MINISTRY
Shaina Abdulla
08 April 2018, MVT 11:31

National Investment Management Company, a state owned investment manager, was established by the decree of President Yameen Abdul Gayoom last Thursday.

According to the President’s Office, the company was established to understand the changes in the economy and to protect all investments in the Maldives. The newly established company aims to bring in more investment profit and Islamic financial products to the country.

The company’s contributed capital adds up to MVR5 million with 500,000 shares worth MVR10 each.

However, the board members of the company have not been revealed yet.

The Greater Male’ Industrial Zone was also established by the presidential decree last month, combining Gulhifalhu Investment Ltd and Thilafushi Corporation Ltd.