MVR 3.4 million distributed among Eye Care sukuk investors

Eye Care Opticals distributed MVR 3.4 million as profit share among its sukuk investors.

The company sold the sukuk to raise capital for the construction of an eye hospita named Eye Care Centre in Hulhumalé. A total of MVR 30 million in sukuk was sold to develop the only dedicated eye hospital in Maldives.

Dividends are paid to the investors at the rate of eight percent per annum over the five year term of the sukuk, and this marks the first time Eye Care paid dividend to its Sukuk investors.

First National is the arranger of the sukuk. As the lead arranger, First National sells bonds and sukuks to help private companies raise funds. MPL and Euromarket have also issued a bond through First National.