Medtech Diagnostics Pvt Ltd Successfully Distributes Second Periodic Payment to Sukuk Holders
Medtech Diagnostics Pvt Ltd has proudly announced the successful distribution of over MVR 2 million as the second periodic payment to its Sukuk holders on May 26, 2024. This significant milestone follows the initial distribution of over MVR 2 million to Sukuk holders on November 26, 2023.
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As per the Sukuk prospectus, Sukuk holders are set to receive bi-annual payments over the course of the next 6 years.
The Sukuk, listed on the Viyana Platform of the Maldives Stock Exchange in April 2023, marked a historic moment as the first Shari’ah-compliant issuance by a private company through the VIYANA platform for private securities, raising over MVR 20.4 million.
First National Finance Corporation, a leading firm in the capital market sector, served as the Lead Arranger for this issuance. Notably, First National Finance Corporation has facilitated numerous firms in raising capital through the markets while simultaneously providing better access to investment opportunities for interested investors.
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Secure Investing: Bonds and Sukuks
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