The Capital Market Development Authority (CMDA) has officially granted an investment fund license to First National Finance Corporation’s Real Estate and Hospitality Fund.
Hassan Ziyath, CEO of First National, described the fund as an excellent opportunity for investors from various backgrounds, with a minimum investment requirement of MVR 10,000.
“The fund is accessible to all types of investors, whether private individuals or businesses, and provides a gateway to invest in some of the Maldives’ most profitable sectors, including real estate and hospitality,” Ziyath stated.
The Real Estate and Hospitality Fund will open for subscriptions in October, offering investors a chance to capitalize on the booming real estate and tourism industries in the Maldives.
First National's broader mission is to elevate the Maldives’ financial sector and integrate the country’s economy with the global financial system. The company has previously facilitated the issuance of stocks, bonds, and sukuk, and provides fund management and wealth management services.
