EyeCare has successfully distributed MVR 3.4 million in its second Sukuk profit payout, reinforcing its commitment to investors.
The parallel istisna Sukuk, structured in line with Islamic Shari’ah principles, was valued at MVR 30 million and issued to finance the construction of the Eye Care Centre in Hulhumalé. The facility is set to become the first dedicated eye hospital in the Maldives. Investors are set to receive returns at an annual rate of 8% over the five-year term.
This latest distribution reflects EyeCare’s financial stability and commitment to fulfilling its obligations to Sukuk holders. The company’s ability to maintain timely payments and deliver consistent returns highlights its operational strength.
First National, the lead arranger for the Sukuk issuance, has played a key role in enhancing the Maldives’ capital markets and continues to provide strategic financing solutions for local businesses.
