CMDA Grants Investment Fund Licence to First National Finance Corporation

The Capital Market Development Authority (CMDA) has granted an investment fund licence to First National Finance Corporation for its Real Estate and Hospitality Fund.

The fund, designed to be accessible to investors of varying financial backgrounds, requires a minimum investment of MVR 10,000. Hassan Ziyath, CEO of First National Finance Corporation, described the fund as an attractive opportunity for investors. “The fund can be subscribed to by investors from different backgrounds, with a minimum investment of MVR 10,000, including private individuals,” he stated.

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Ziyath highlighted the fund’s focus on the Maldives’ profitable real estate and hospitality sectors, providing investors with a gateway to these key areas of the national economy. The First National Real Estate and Hospitality Fund will be open for subscription in October.

First National Finance Corporation has expressed that the fund aligns with its aim to advance the Maldives’ financial sector and further integrate the nation’s economy into the global financial system. The corporation has previously supported various companies in the issuance of stocks, bonds, and sukuk, as well as offering fund and wealth management services.