President establishes Maldives Fund Management Corporation Limited

President Ibrahim Mohamed Solih has established Maldives Fund Management Corporation Limited.

As part of the pledge to increase the investment opportunities in different sectors and to promote an investment-friendly environment for local and foreign investors in the Maldives, President Solih established the fund corporation by a Presidential Decree. Maldives Fund Management Corporation Limited is a 100 percent state-owned company.

The corporation was established with the aim of creating a company that assists in the mechanism of acquiring inexpensive finance options through fund structures for Maldivian investors and foreign investors.

The new company was established with the responsibilities of fulfilling national goals of development through increasing private sector investment with the aid of the government, to increase the wealth of the country and to increase the strategic investments through managing the risks and profit ratios.