Some 522 members of the Provident Fund invested Rf10.7 million (US$832,680) in public companies following an announcement by the Finance Ministry of the opportunity to purchase government shares of listed companies during the period May-June 2010, reports Haveeru.
According to the ministry, 27,367 shares from the Maldives Tourism Development Corporation (MTDC), 11,517 shares from the Maldives Transport and Contracting Company (MTCC), 10,396 shares from the Bank of Maldives (BML), and 6,969 shares from the State Trading Organisation (STO), were sold during the three months.
In September, STO revealed that 16.88 percent of its shares was now owned by the public.
In addition to investing in public companies, the Finance Ministry has invited members of the Provident Fund to purchase bonds from the Housing Development Corporation (HDC).
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