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SOE Gateway

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THE ROLE OF SOES IS ESSENTIAL FOR NATIONAL

 * DEVELOPMENT
 * GROWTH
 * PROGRESS
 * ADVANCEMENT

OF THE MALDIVES.

SOEs generated MVR 46.96 billion in 2022 and MVR 39.51 billion in sales 2021.
Total assets of the SOEs stood at MVR 164.94 billion by the end of 2022.

AASANDHA

National Health Insurance

Aasandha Company Limited

AIA

Aviation & Airport Operation

Addu International Airport Private Limited

BCC

Business Development

Business Center Corporation Limited

BML

Banking and Finance

Bank of Maldives Plc

DHIRAAGU

Telecommunication

Dhivehi Raajjey ge Gulhun Plc

FDC

Real Estate & Urban Development

Fahi Dhiriulhun Corporation Ltd

FENAKA

Utility

Fenaka Corporation Limited

HDC

Real Estate & Urban Development

Housing Development Corporation Limited

HDFC

Banking and Finance

Housing Development Finance Corporation Plc

IASL

Aviation & Airport Operation

Island Aviation Services Limited

KACL

Aviation & Airport Operation

Kadhdhoo Airport Company Limited

MACL

Aviation & Airport Operation

Maldives Airports Company Limited

MCIF

Banking and Finance

Maldives Centre for Islamic Finance Corporation

MFMC

Banking and Finance

Maldives Fund Management Corporation

MHCL

Hajj Operation

Maldives Hajj Corporation Limited

MIB

Banking and Finance

Maldives Islamic Bank

MITDC

Tourism

Maldives Integrated Tourism Development Corporation

MMPRC

Marketing and Media

Maldives Marketing & Public Relations Corporation

MPL

Ports Operation

Maldives Ports Limited

MSCL

Sports Development

Maldives Sports Corporation Limited

MTCC

Transport and Contracting

Maldives Transporting and Contracting Company

MTDC

Tourism

Maldives Tourism Development Corporation Plc

MWSC

Utility

Male' Water & Sewerage Company Pvt. Ltd.

POST

Courier Service

Maldives Post limited

PSM

Marketing and Media

Public Service Media

RACL

Aviation & Airport Operation

Regional Airports Company Limited

RDC

Transport and Contracting

Road development Corporation

SDFC

Banking and Finance

SME Development Finance Corporation Pvt Ltd

STELCO

Utility

State Electric Company Limited

STO

General Trading

State Trading Organization Plc

TMCL

Business Development

Tradenet Maldives Company Limited

WAMCO

Utility

Waste Management Corporation Limited

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STATE-OWNED ENTERPRISES

SOE is a legal entity that is created by a government in order to partake in
commercial activities on the government's behalf. It can be either wholly or
partially owned by a government and is typically earmarked to participate in
specific commercial activities. The Privatization and Corporatization Board
monitors and evaluates all the majority and minority share holding SOEs of the
Government of the Maldives.

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publications


ANNUAL FINANCIAL REVIEW

The aim of the annual review of the state-owned enterprises is to analyze the
financial status and review their performance. The performance will be evaluated
through financial analysis of the company’s audited financial statements.

Find more

Review 2020.pdf



publications


QUARTERLY REVIEW

The quarterly analysis is prepared after analyzing the performance of the
companies through their quarterly reports. Thus, individual analysis of each
company is prepared based on the comparison of each quarter with respect to the
same quarter of the previous year and the preceding quarter.

Find more

Q3-2021.pdf



publications


CORPORATE GOVERNANCE REVIEW

On 1st May 2019, Privatization and corporatization Board (PCB) has issued a
corporate governance code for state owned enterprises. This code provides
guidance on how the objectives of the company are set and achieved, how risk is
monitored and assessed, and how performance is optimized.

Find more

Review 2021.pdf

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