Addu Hankede Development Corporation
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BusinessMihad and Sahar removed from MACL board
The Maldives Privatization and Corporatisation Board has removed Mohamed Mihad and Sahar Waheed from the board of the Maldives Airports Company Limited. No specific reasons were provided for their dismissal. Both individuals hold high-level executive positions at other major Maldivian institutions.
BusinessAddu Hankede development board formed with BML majority
The Maldives government has formed the Addu Hankede Development Corporation board, appointing a majority of Bank of Maldives executives despite the bank holding no equity. This move aligns with a strategy to use bank financing for regional tourism. It marks the fourth attempt to develop the site after previous plans failed to commence.