President Muizzu establishes Greater Male' Financial District Limited

President Dr Mohamed Muizzu has officially established Greater Male' Financial District Limited, a state-owned company created under Article 15 of the Companies Act.

The formation of the company was announced through a Presidential Decree and was published in the Government Gazette today.

The company is wholly owned by the Maldivian Government and is designed to support the administration’s economic agenda.

Its primary objectives include advancing national innovation, enhancing the financial sector, and aligning economic development with strategic policy goals.

Among its key mandates are the promotion of digital financial services, digital real estate, financial tourism, and banking services.

A central focus of the company will be positioning Maldives as a competitive international financial hub, and implementing the necessary policies and infrastructure to attract investment and expertise in the global financial arena.

Greater Male' Financial District Limited will operate as an independent legal entity and has been established with an authorized capital of MVR 1 billion, divided into 100 million shares, each with a nominal value of MVR 10.