HDC
2 articles
Latest
BusinessHDC board dismisses CFO Samih
The HDC board has dismissed CFO Ahmed Samih amid government dissatisfaction with project management and completion speeds. His removal follows the recent departure of the company's chairman. This marks the fourth CFO change under the current administration as the corporation struggles with high debt despite its massive asset portfolio.
NewsMale' Grand deteriorates despite charging maintenance fees
Residents of the Male' Grand housing complex are frustrated by deteriorating conditions and a lack of repairs despite paying monthly maintenance fees. Tenants report peeling paint, broken fire safety equipment, and non-functional backup generators. HDC claims that maintenance is ongoing but has been delayed by contractors abandoning the project.