Nasheed suggests selling VIA shares to repay sukuk

15 minutes ago

Former President Mohamed Nasheed has proposed selling shares of Velana International Airport (VIA) as a more viable alternative to issuing high-interest bonds, amid growing concerns over the Maldives’ ability to repay a USD 500 million sukuk maturing in April 2026. In a post on X, Nasheed wrote:   “Instead of selling bonds at high interest rates, it is better to sell shares of