The Board of Directors has been established for Greater Male’ Industrial Zone Limited - a merger between Thilafushi Corporation Limited and Gulhifalhu Investments.
The Greater Male’ Industrial Zone was established by Presidential Decree on March 20. Thilafushi Corporation and Gulhifalhu Investments has been dissolved, and the work integrated into Greater Male’ Industrial Zone.
President of Privatization and Corporatization Board, Mohamed Nizar announced in a tweet this Tuesday that the BoD for Greater Male’ Industrial Zone has now been established.
Chairman: Mohamed Rasheed
Managing Director: Ahmed Nasif
Director: Adheel Jaleel
Director: Aminath Shaana
Director: Ahmed Nasheed
Director: Abdul Munnim Mohamed Manik
Director: Aminath Hameed
President Abdulla Yameen Abdul Gayoom, on March 20, charged the Greater Male’ Industrial Zone Limited his Presidential Decree with developing land reclaimed in Thilafushi and Gulhifalhu for industrial purposes, and maintenance and management of industrial work carried in the area, in line with set regulations, for maximum economic output.
Legal rights, responsibilities, assets, debts and liabilities of Thilafushi Corporation and Gulhifalhu Investments have been transferred to Greater Male’ Industrial Zone Limited.
The corporation is worth MVR 2 billion; 200 million shares of MVR 10.