Page last modified on Nov 25, 2009
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Companies listed in the Maldives Stock Exchange are considering to make further issues in future.
According to the information received by the Authority state-own Companies are expected to go public within the next few years.In this regard the proposed budget for 2010 states that a substantial amount of the income will be received from privatization of state own enterprises.
CMDA is also working towards facilitating the listing of foreign companies on the Maldives Stock Exchange.
Public Offerings
The following information has been compiled based on the information provided by the Companies. More state-own companies are expected to go public within the next two years. CMDA is also working towards facilitating the listing of foreign Companies on the Maldives Stock Exchange.
| Company | Status |
| STO | STO IPO is open from 25th Novemeber 2009 |
| MTCC | Considering to issue more shares |
| MTDC | MTDC IPO closed on 4th November 2009 MTDC will sell more shares in future |
| Bank of Maldives | Considering to issue more shares |
| Dhiraagu | Considering “Going Public” Dhiraagu prospectus and other formalities are currently being considered. |
| MFLC | Considering “Going Public” in 2011 |
| MWSC | Considering “Going Public” Discussion on going with Ministry of Finance and Treasury |
| HDFC | Considering “Going Public” 15% shares are to be issued to the public |
| Wataniya | Joint venture agreement states the option to sell shares to public when the company becomes profitable |
| Fathuru | Considering going public. Several meetings held at CMDA and the Stock Exchange. First draft of prospectus is prepared |
| Allied Insurance | Paper work ready to go public. Issue Cancelled/delayed after a change in management |
| Amana Takaful Insurance | Held a meeting with CMDA on 23rd Novemeber 2009 to discuss their plans to list on the Maldives Stock Exchange |
