New state company formed to handle investments

President Abdulla Yameen Abdul Gayoom making his address at the 2014 Maldives Investment Forum in Singapore - Photo: President's Office

A new company to handle the state investments has been formed under the name, National Investment Management Company. 

Formed under a resolution from the President, the Investment Management Company would be studying economic changes and it's impact to the country and bring changes to the investments in the future. 

The National Investment Management Company would also be responsible for protecting investments and working to get the maximum benefits from the investments and support the Islamic and conventional finance along with the introduction of new products to the country and by working with the relevant authorities. 

The new company owned 100 percent by the state has a capital of MVR 5 million divided on 500,000 shares of MVR 10.