The Maldives Airports Company Limited (MACL) held its Annual General Meeting at the Hulhule Island Hotel, spotlighting record profits and key developments, including the upcoming opening of a new terminal at Velana International Airport. The meeting was chaired by Ayesha Nurain Janah, with board members, Chief Executive Officer and Managing Director Ibrahim Shareef Mohamed, and executive management in attendance.
Speaking at the event, Nurain reflected on the past year’s progress as a major milestone for the company. She conveyed optimism about the direction MACL is heading, noting that the foundations laid are beginning to yield substantial results and that further progress is expected in the years ahead.
One of the key highlights of the AGM was the approval of a dividend of MVR 75 million, following the company’s best-ever financial performance. In 2023, MACL posted a net profit of MVR 1.1 billion, representing a 32.2 percent increase over the previous year. This was achieved despite recurrent expenditure totalling MVR 7.2 billion, and marks the highest net profit in the company’s history.
Ibrahim Shareef Mohamed credited the success to the concerted efforts of MACL’s board, management, and staff. He reaffirmed that the company’s top priority moving forward is the new passenger terminal, which is expected to significantly expand service capacity, improve quality, and strengthen profitability. He noted that the terminal represents a transformative shift for the Maldivian aviation sector.
MACL leadership reiterated its commitment to delivering enhanced services across the board. With new infrastructure nearing completion, the company aims to elevate the travel experience for passengers while also meeting the operational needs of airlines and industry stakeholders.
