Former Finance Minister Mohamed Shafeeq has been appointed a Board Director at the Housing Development Finance Corporation (HDFC), effective 02 December, according to the Privatization and Corporatization Board website. Shafeeq, who resigned as Finance Minister on 31 September, previously served as Chief Financial Officer at HDFC, which oversees the government's Hiyaavehi housing loan scheme.
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.
Former Finance Minister Mohamed Shafeeq speaks at an event held in Malé on 20 May 2024 to launch the World Bank's 'Scaling Back and Rebuilding Buffers' report on the Maldives.
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has been appointed a Board Director at the Housing Development Finance Corporation (HDFC). Shafeeq was appointed to the post as of 02 December, according to the Privatization and Corporatization Board (PCB) website.
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Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Government of the Maldives, with 49 percent, is the majority shareholder in HDFC
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with the Asian Development Bank (ADB) and the International Finance Corporation (IFC) holding 18 percent each
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with the Asian Development Bank (ADB) and the International Finance Corporation (IFC) holding 18 percent each
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and India’s Housing Development Finance Corporation (HDFC India) holding 15 percent.
Word for word from the report in Maldives Republic. Open the report
