FNFC obtains Real Estate and Hospitality Fund license

The First National Finance Corporation (FNFC) has acquired an investment fund license for its real estate and hospitality fund.

FNFC obtained this license from the Capital Market Development Authority (CMDA), the regulatory body overseeing capital markets in the Maldives.

Speaking about this new development, the CEO of FNFC, Hassan Ziyath said the new fund represents a significant opportunity for investors.

"This fund will be widely accessible, allowing individuals to invest with a minimum amount of MVR 10,000," he said. He further emphasized the fund's potential to attract a broad range of investors, providing them with a chance to participate in "lucrative real estate and hospitality sectors in Maldives."

Investing in real estate has been long recognized as a power wealth-building strategy, FNFC added.

The First National Real Estate and Hospitality Fund is set to open for subscription this October, while investors are encouraged to stay tuned for more details on the investment opportunities that will be made available.