FDC merger on hold; HDC’s high debt present challenges

2 days ago

The plan to merge Fahi Dhiriulhun Corporation (FDC) into the Housing Development Corporation (HDC) has been put on hold amid concerns the move would only add more liabilities to the books of HDC, which is already carrying a high debt. President Dr. Mohamed Muizzu’s cabinet had announced the decision to merge several state-owned enterprises (SOEs), including HDC and FDC, as well