News debt / MACL Maldives Impact 8.0/10 2 min read

State-Owned Firms’ Debt Rises to MVR 37 Billion

The combined debt of government-owned companies in the Maldives rose to MVR 37 billion in the first half of the year, an increase of about MVR 2 billion from end of 2024. Maldives Airports Company Limited (MACL) had the highest debt at MVR 13 billion, with borrowing increasing by MVR 1.2 billion. Housing Development Corporation (HDC) had the second-largest debt at MVR 9.3 billion, a 5% decline from MVR 9.8 billion at end of 2024. State Trading Organization (STO) debt rose to MVR 983 million, a 25% increase. Fahi Dhiriulhun Corporation debt increased by MVR 900 million.

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Maldives Republic

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Published

Dec 20, 2025

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📋 Story Brief

The combined debt of government-owned companies in the Maldives rose to MVR 37 billion in the first half of the year, an increase of about MVR 2 billion from end of 2024. Maldives Airports Company Limited (MACL) had the highest debt at MVR 13 billion, with borrowing increasing by MVR 1.2 billion. Housing Development Corporation (HDC) had the second-largest debt at MVR 9.3 billion, a 5% decline from MVR 9.8 billion at end of 2024. State Trading Organization (STO) debt rose to MVR 983 million, a 25% increase. Fahi Dhiriulhun Corporation debt increased by MVR 900 million.

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Maldives Republic News Outlet Single source

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Focus: State-Owned Firms’ Debt Rises to MVR 37 Billion

Unique detail: State-Owned Firms’ Debt Rises to MVR 37 Billion

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22:33

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Maldives Republic

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Official government or institutional statement

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