Greater Male’ Financial District Limited Moves Maldives Toward Global Finance

President Dr Mohamed Muizzu has established a new state-owned company, Greater Male’ Financial District Limited, through a Presidential Decree under Article 15 of the Companies Act. The announcement was published in the Government Gazette today.

The company, fully owned by the Maldivian government, is part of the administration’s broader economic strategy. Its goals include promoting innovation, strengthening the financial sector, and aligning national development with key policy goals.

Greater Male’ Financial District Limited will focus on areas like digital financial services, digital real estate, financial tourism, and banking. A major aim is to position the Maldives as a global financial hub by attracting international investment and talent.

The company will function as an independent legal entity with an authorized capital of MVR 1 billion, divided into 100 million shares valued at MVR 10 each.