Maldives Stock Exchange Company Pvt. Ltd. and Maldives Securities Depository Company Pvt. Ltd. have outlined the next phase of development for the Maldives capital market following their 19th Annual General Meetings for the year 2025, held on 23 June 2026. The meetings reviewed the Group’s performance for the financial year ended 31 December 2025 and addressed a range of governance, financial and shareholder matters, while also highlighting the broader direction envisioned for the country’s evolving capital market framework.
During the meetings, Group Chief Executive Officer Aushan Latheef presented an overview of the Group’s progress over the past year as well as achievements recorded in recent years, with particular emphasis on the future direction of the Maldives capital market. The presentation underscored continued work to expand market participation, enhance the efficiency of digital systems and reinforce the institutional foundations that support securities trading and capital formation in the country. The discussions reflected a growing commitment to ensuring that the Maldives capital market continues to develop in a manner that is practical, forward-looking and responsive to the needs of investors, listed entities and the wider economy.
Among the key developments highlighted during the year were stronger levels of market activity, ongoing progress in digital infrastructure and continued efforts to diversify avenues for capital formation through debt market instruments. These developments indicate a sustained focus on broadening the financial ecosystem of the Maldives and creating additional opportunities for investment and fundraising. The Group also noted that Phase 1 of the Central Securities Depository system had been completed, with internal testing currently under way, representing an important step in the modernisation of post-trade infrastructure and in improving the efficiency, reliability and accessibility of market operations.
A major point of focus during the meetings was the approval of the Group’s Strategic Plan for 2026 to 2030. The plan outlines a clear set of priorities for the coming years, including market expansion, digital transformation, stronger governance, increased stakeholder confidence and long-term institutional sustainability. The strategic direction reflects an ambition to support a capital market that is better equipped to meet national development needs while also aligning with international expectations for transparency, efficiency and resilience. It further signals the intention of both institutions to deepen their contribution to the Maldives’ financial landscape by fostering a market environment that is more inclusive, credible and adaptable to future opportunities.
Shareholders approved the Directors’ Reports and Audited Financial Statements for 2025, reaffirming confidence in the Group’s governance and operational direction. Deloitte was appointed as External Auditor for 2026, and shareholders also approved amendments to the Memorandum and Articles of Association of both companies. In addition, the re-appointment of Abdulla Habeeb and Noorubaan Fahmee to the Boards of Maldives Stock Exchange Company Pvt. Ltd. and Maldives Securities Depository Company Pvt. Ltd. was approved, ensuring continuity in board leadership and institutional oversight.
The meetings concluded with the Group reaffirming its commitment to the continued development of a more active, accessible and resilient capital market in the Maldives. The outcomes of the annual meetings reflect an encouraging trajectory for the sector, as the country’s capital market institutions continue to strengthen systems, build confidence and create a more supportive environment for investment and capital mobilisation. For the Maldives, these efforts represent a positive step toward deepening financial sector development and enhancing the role of the capital market in supporting broader economic progress.
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