President Dr Mohamed Muizzu has established the Greater Malé Financial District Limited under Article 15 of the Companies Act (Law No. 7/2023). The company was formed through Presidential Decree No. 15/2025 and was officially published in the Government Gazette today.
Wholly owned by the Government of the Maldives, the company has been set up with the objective of aligning and advancing the Administration’s economic policies, fostering national innovation, and further developing the country’s financial sector. Its mandate includes the promotion of digital financial services, digital real estate, financial tourism, and banking services.
A central priority of the company is to position the Maldives as an international financial hub and to implement the necessary policy measures to realise this ambition.
The company has an authorised capital of MVR 1 billion, divided into 100 million shares with a nominal value of MVR 10 each, and will operate as a separate legal entity.