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MSD urges shareholders to convert paper certificates to digital shares
The Maldives Securities Depository has urged the roughly 37,770 shareholders still holding paper share certificates to convert them into electronic shares via its Infinity.mv platform. MSD CEO Noorban Fahmy said the move would modernise the capital market and protect investors' shares, while noting that registration alone does not convert certificates and that dematerialisation is a separate process.
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approximately 37,770individual shareholders still holding paper share certificatesThe EditionAccording to MSD Registrar records, approximately 37,770 individual shareholders still hold paper share certificates.
Word for word from the report in The Edition. Open the report
