President Dr Mohamed Muizzu has established National Exchange Limited as a wholly State-owned enterprise to develop and operate a Government-backed secondary securities market.

The company was established under Presidential Decree No. 16/2026, pursuant to Section 15 of the Companies Act.

National Exchange Limited will support the State’s financing needs, advance the Maldives’ capital market and contribute to the growth of Islamic finance. Its responsibilities include facilitating the issuance, listing and trading of Government securities, Shari’ah-compliant Sukuk and other financial instruments.

The company will also provide clearing, settlement and central securities depository services, while working with domestic and international financial institutions to strengthen the country’s financial market.