The role of SOEs is essential for national
- development
- growth
- progress
- advancement
of the Maldives.
SOEs generated MVR 46.96 billion in 2022 and MVR 39.51 billion in sales 2021. Total assets of the SOEs stood at MVR 164.94 billion by the end of 2022.
State-Owned Enterprises
SOE is a legal entity that is created by a government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in specific commercial activities. The Privatization and Corporatization Board monitors and evaluates all the majority and minority share holding SOEs of the Government of the Maldives.
Annual Financial Review
The aim of the annual review of the state-owned enterprises is to analyze the financial status and review their performance. The performance will be evaluated through financial analysis of the company’s audited financial statements.
publications
Quarterly Review
The quarterly analysis is prepared after analyzing the performance of the companies through their quarterly reports. Thus, individual analysis of each company is prepared based on the comparison of each quarter with respect to the same quarter of the previous year and the preceding quarter.
publications
Corporate Governance Review
On 1st May 2019, Privatization and corporatization Board (PCB) has issued a corporate governance code for state owned enterprises. This code provides guidance on how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimized.