President establishes SOE to develop financial sector

3 days ago

President Dr. Mohamed Muizzu, on Sunday, has established a state-owned company to further develop Maldives’ financial sector. Greater Malé Financial District Limited was established under Article 15 of the Companies Act (Law No. 7/2023) through Presidential Decree No. 15/2025. Fully owned by the government of the Maldives, the President's Office said that the company was established to support and drive the administration’s economic