MTDC
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BusinessMTDC board member resigns, citing management misconduct
MTDC board member Asami Rushdee has resigned, accusing management of providing misleading information and ignoring board directives. She specifically opposed a proposed rights issue, claiming it harms general shareholders. Her departure follows disputes over the management of Ayada Maldives and transparency regarding share issuance.
BusinessMTDC schedules AGM for August 31
The Maldives Tourism Development Corporation will hold its AGM on August 31 to propose a rights issue. The meeting comes amid controversy over the potential sale of the Magudhuvaa lease to a Turkish firm. Shareholders can attend in person or online via FahiVote to discuss the company's future and asset management.
