Maldives Transport and Contracting Company has started selling shares of the company for Rf 62 per share for the company’s shareholders.
In a ceremony held at Hotel Jen last night, the chairman of the company, Ahmed Niyaz said that with this opportunity the shareholders of the company can buy additional shares.
“This is a good opportunity for the shareholders. All the shareholders can buy shares and if they want they can change the transfer rights to a third party and they can purchase as well” said the chairman of MTCC.
In addition he said that they hope to make a significant amount through the sale of shares.
“Even now we have made a lot because we change the share of the government to an equity” said Niyaz.
Interested shareholders can purchase shares from 19th October till 3rd December.