President Yameen establishes National Investment Management Company

Photo: President's Office

A new state-run company, National Investment Management Company has been established by President of Maldives, Abdullah Yameen Abdul Gayyoom.

The company which was established by presidential decree would be studying national and global economic changes and it’s impact to the country, and aims to understand the consequences of these changes to current state investments and to better understand how to manage future investments of the state.

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The new company will also be ensure investment safety, along with introduction of financial products. Investment Management Company will also increase islamic finances as well as conventional finances. The company is also responsible to bring in more investment profit and Islamic financial products to the country.

The National Investment Management Company is 100 percent owned by the state with a capital adding upto MVR 5 million with 500,000 shares worth MVR 10.

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