BoD established for Greater Male’ Industrial Zone

The Board of Directors has been established for Greater Male’ Industrial Zone Limited - a merger between Thilafushi Corporation Limited and Gulhifalhu Investments.

The Greater Male’ Industrial Zone was established by Presidential Decree on March 20. Thilafushi Corporation and Gulhifalhu Investments has been dissolved, and the work integrated into Greater Male’ Industrial Zone.

President of Privatization and Corporatization Board, Mohamed Nizar announced in a tweet this Tuesday that the BoD for Greater Male’ Industrial Zone has now been established.

BoD of Greater Male’ Industrial Zone:

Chairman: Mohamed Rasheed

Managing Director: Ahmed Nasif

Director: Adheel Jaleel

Director: Aminath Shaana

Director: Ahmed Nasheed

Director: Abdul Munnim Mohamed Manik

Director: Aminath Hameed

President Abdulla Yameen Abdul Gayoom, on March 20, charged the Greater Male’ Industrial Zone Limited his Presidential Decree with developing land reclaimed in Thilafushi and Gulhifalhu for industrial purposes, and maintenance and management of industrial work carried in the area, in line with set regulations, for maximum economic output.

Legal rights, responsibilities, assets, debts and liabilities of Thilafushi Corporation and Gulhifalhu Investments have been transferred to Greater Male’ Industrial Zone Limited.

The corporation is worth MVR 2 billion; 200 million shares of MVR 10.