Medtech Maldives Private Limited is offering a MVR 80 million Shariah-compliant sukuk to finance an oceanfront development in Malé housing clinics, medical facilities, offices, parking and a terrace restaurant. The issuance, arranged by First National Finance Corporation, is listed on the Viyana Board of the Maldives Stock Exchange with subscriptions open until 30 November 2026.
One outlet so far Only Corporate Maldives has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The Sukuk will finance the development of our modern high-rise office and health care facility building that will support the Group’s next phase of strategic growth. We look forward to building investor confidence through disciplined execu…
As lead arranger, we are pleased to connect Medtech with investors through a Sukuk that supports its landmark project and broadens Shariah-compliant investment opportunities
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Medtech Maldives Private Limited is seeking to raise MVR 80 million through a Shariah-compliant sukuk to finance a proposed oceanfront development in Malé
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The Parallel Istisna’ Sukuk comprises 80,000 certificates with a face value of MVR 1,000 each, offered in two series.
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The Parallel Istisna’ Sukuk comprises 80,000 certificates with a face value of MVR 1,000 each, offered in two series.
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The MVR 32 million first series has a seven-year term and an estimated annual profit rate of 9.00 per cent.
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The MVR 32 million first series has a seven-year term and an estimated annual profit rate of 9.00 per cent.
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The MVR 48 million second series has a nine-year term and an estimated annual profit rate of 9.50 per cent.
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The MVR 48 million second series has a nine-year term and an estimated annual profit rate of 9.50 per cent.
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The minimum subscription is MVR 10,000 per series.
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The offer is listed on the Viyana Board of the Maldives Stock Exchange, with subscriptions open until 30 November 2026.
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