President Dr. Mohamed Muizzu has established the Greater Malé Financial District Limited, a new state-owned company that aims to transform the Maldives into an international financial hub.
Formed under Article 15 of the Companies Act (Law No. 7/2023) through Presidential Decree No. 15/2025, the company was officially announced in the Government Gazette today.
Wholly owned by the Government of Maldives, the company’s objectives include advancing national economic policies, fostering innovation, and developing the financial sector. It will focus on promoting digital financial services, digital real estate, financial tourism, and banking services.
With an authorized capital of MVR 1 billion, the company comprises 100 million shares at MVR 10 each and will function as an independent legal entity. The initiative marks a significant step in the government’s strategy to diversify the economy and enhance the Maldives’ position on the global financial stage.
Formed under Article 15 of the Companies Act (Law No. 7/2023) through Presidential Decree No. 15/2025, the company was officially announced in the Government Gazette today.
Wholly owned by the Government of Maldives, the company’s objectives include advancing national economic policies, fostering innovation, and developing the financial sector. It will focus on promoting digital financial services, digital real estate, financial tourism, and banking services.
With an authorized capital of MVR 1 billion, the company comprises 100 million shares at MVR 10 each and will function as an independent legal entity. The initiative marks a significant step in the government’s strategy to diversify the economy and enhance the Maldives’ position on the global financial stage.
