Chairman of Maldives Stock Exchange Alau Ali has revealed that the total worth of the listed companies under the Maldives Stock Exchange grosses over USD 1.05 billion in the Maldivian stock market.
The company initiated the stock market with the listed company worth of USD 187.6 million, Alau Ali said addressing the special function held to mark 10 years of Maldives Stock Exchange. In this regard, he highlighted that Maldives Stock Exchange has achieved remarkable achievements in this sector since its inception in 2008 with a total of only 4 registered companies.
Maldives Stock Exchange was licensed in 2008 by the Capital Market Development Authority (CMDA) as a private sector stock exchange. The main objective of the company is to open the stock exchange market to companies and the public under a transparent policy.