First National Finance Corporation Launches Real Estate and Hospitality Fund

The First National Finance Corporation (FNFC) has unveiled its new Real Estate and Hospitality Fund, offering investment opportunities for individuals and organisations. 

Licensed by the Capital Market Development Authority (CMDA), the regulatory body overseeing the capital market in the Maldives, the fund aims to foster inclusivity and broaden investment participation.

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FNFC’s CEO, former Auditor General Hassan Ziyath, highlighted that the fund was designed with accessibility in mind, allowing individuals to invest with a minimum of MVR 10,000. “This Fund will be widely accessible, encouraging broader participation in investment,” Ziyath said.

The Real Estate and Hospitality Fund is the first of its kind in the Maldives, specifically targeting the real estate and hospitality sectors. It offers two investment options: equity and debt.

Equity: Investors can expect an anticipated annual return of 20 percent, with quarterly dividend payments for shares purchased.

Debt: Bondholders are expected to receive an annual interest return of 12 percent, paid quarterly over a six-year term.

The corporation has also announced that subscriptions for the fund will open soon.

FNFC has a history of assisting companies in the capital markets, having managed and sold MVR 100 million in bonds and sukuks as of March 2024.