The Cabinet has today decided to recommend to the Board of Directors of the Maldives National Broadcasting Corporation (MNBC) to rebrand the company and sell its shares to the public.
The Cabinet underscored the necessity of securing funds in order to broaden the company’s services and increase its efficiency.
The Cabinet noted that bringing the proposed reforms would increase the company’s efficiency, quality and profit.
Maldives National Broadcasting Corporation was established on 22 December 2008 under Article 95 of Law no: 10/96 (Maldives Corporate Act). The company was established as a public service broadcaster, liable to its own debts, and as a 100 per cent government company.