First National Finance Corporation has been selected as the lead manager to raise finance in the tune of MVR 200 Million by Maldives Ports Limited. This is the first time a local party has become a lead manager in arranging finance.

First National was selected as the lead manager through a competitive bidding process. Maldives Ports Limited invited licensed investment advisors by Capital Market Authority (CMDA) to send proposals for the provision of the service by sending a Request for Proposals (RFP) dated 10th February 2022.