Eye Care Opticals has distributed MVR 3.4 million as profit share to its sukuk investors, following the launch of MVR 30 million in sukuk to fund the construction of the Eye Care Centre, the Maldives’ first dedicated eye hospital located in Hulhumalé.
This marks the first time the company has paid dividends to its sukuk investors, with returns set at an annual rate of eight percent over the five-year term.
The sukuk was arranged by First National, which plays a key role in assisting private companies with fundraising through the sale of bonds and sukuks. The firm has also facilitated similar issuances for other companies, including MPL and Euromarket, reflecting its growing influence in the region’s investment landscape.
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