President Ibrahim Mohamed Solih has formed a new state-owned company to facilitate better financial structures for investors and international markets.
The 100% state-owned company named Maldives Fund Management Corporation Limited (MFMC) was formed by the power vested in the president under Article 95 of The Companies Act.
The company established by a Presidential Decree will work towards attracting financing from international markets through easier procedures and fund structures.
The purpose of the company is to help fulfill development goals and increase private sector investments with the aid of the government, while establishing a convenient management system to oversee the opportunities received to increase strategic investment, in addition to managing risks.
Presidents' Office
