The parallel istisna sukuk structured in accordance with Islamic Shari’ah principles, valued at MVR 30 million, was issued to finance the construction of Eye Care Centre in Hulhumale’. This centre will be the first dedicated eye hospital in the Maldives. Investors are set to receive returns at an annual rate of 8% over the five-year term.

This latest distribution highlights the company’s strong performance and dedication to fulfilling its obligations to Sukuk holders. By maintaining timely payments and delivering stable returns, Eye Care continues to prove its financial resilience and operational strength.

First National, the lead arranger for the issuance, remains a key player in strengthening the Maldives’ capital markets and providing businesses with strategic financing solutions.