The State Trading Organization (STO) transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company (MIFCO) to the government on 20 December 2023, while its subsidiary Allied Insurance Company transferred a 0.01 percent stake. The transfer follows the Cabinet's 5 December 2023 decision to convert MIFCO into a wholly state-owned company, with a share transfer cut-off date of 30 December 2023.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
This follows the Cabinet Ministers’ decision on 5 December 2023 to convert MIFCO into a wholly state-owned company
Word for word from the report in Maldives Republic. Open the report
upon receiving the official notification confirming this decision on 17 December 2023.
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STO’s Board of Directors convened on 19 December 2023 and the Share Transfer Agreement was signed in the presence of Minister of Finance Mohamed Shafeeq.
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The State Trading Organization (STO) on Wednesday officially transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company Ltd (MIFCO) to the government.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The State Trading Organization (STO) on Wednesday officially transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company Ltd (MIFCO) to the government.
Word for word from the report in Maldives Republic. Open the report
Along with STO, its subsidiary Allied Insurance Company of the Maldives also transferred 0.01 percent stake in MIFCO to the government.
Word for word from the report in Maldives Republic. Open the report
