Real Estate and Hospitality Fund launched; minimum investment rate at MVR 10,000

First National Finance Corporation has launched Real Estate and Hospitality Fund; an investment fund with opportunities to invest.

The investment fund is licensed by the capital market regulatory body in the Maldives, Capital Market Development Authority (CMDA).

First National Finance Corporation’s CEO, former Auditor General Hassan Ziyath said the fund was introduced with an emphasis on accessibility and inclusivity to encourage broader participation in investment.

“This Fund will be widely accessible, allowing individuals to invest with a minimum of MVR 10,000,” he said.

The Real Estate and Hospitality Fund marks the first investment fund for the real estate and hospitality industries in the Maldives. The fund is designed to allow investments under two options; equity and debt.

Equity: An anticipated annual return of 20 percent with quarterly dividend payments for shares purchased

Debt: Bondholders anticipated an annual interest return at a rate of 12 percent paid quarterly over a six-year term

Further information regarding the fund will be available on its official website.

First National Finance Corporation says they will soon open subscriptions for the fund.

The Corporation is already assisting companies by selling bonds and sukuks. In this regard, the Corporation has sold and managed MVR 100 million in bonds and sukuks as of March of this year.