Eyecare has announced the successful distribution of MVR 3.4 million in its second Sukuk profit payout, reaffirming its commitment to investors.

The Board of Directors of First National Finance Corporation has appointed Mariyam Visam as its new Chief Commercial Officer, effective 16 March 2025.

Euro Marketing has successfully disbursed over MVR 7 million in its second periodic payment to bondholders, reaffirming its commitment to financial obligations and strengthening investor trust in the Maldivian capital market.

First National has successfully completed its fundraising for the inaugural project under the First National Real Estate and Hospitality Fund Plc, marking a historic milestone in the Maldives’ investment landscape. This fund, designed for real estate investments, opened for subscriptions on 12 December 2024, and closed on 16 January 2025. Notably, it is the first real estate public investment fund to be officially registered with the Capital Market Development Authority (CMDA). The fund is managed by First National Finance Corporation Pvt Ltd.

In a significant development for the Maldivian capital market, First National Finance Corporation has been awarded the Principal Adviser License by the Capital Market Development Authority (CMDA) today. This marks the first issuance of such a license since the CMDA reinstated the Principal Adviser License, which had been discontinued for some time.

Maldives Ports Limited (MPL) proudly announces the disbursement of its first coupon payment for its debut bond issuance of MVR 50 million. The first coupon payment totaled MVR 3.5 million and has been distributed to the bondholders on 4th July 2024.

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.

Euro Marketing Pvt Ltd.’s bond, the inaugural private placement bond in Maldives, has achieved significant success, garnering popularity among investors. Today, the first periodic payment of the bond has been disbursed, with MVR 7.46 million distributed to bondholders as coupon payments.

Eyecare Maldives, a leading privately owned business makes a significant mark in the Maldivian capital market with the introduction of its first Sukuk offering.

This report provides a comprehensive analysis of the construction industry in the Maldives, highlighting key characteristics, trends in construction-related costs, and insights into construction finance.