MWSC MD: 20% stake limits financing

1 week ago

Male’ Water and Sewerage Company (MWSC) Managing Director Hussain Fahmy says the company’s 20 percent foreign shareholding, held by Japanese conglomerate Hitachi, is creating obstacles when seeking large loans and making major infrastructure investments. His remarks follow President Dr. Mohamed Muizzu’s announcement on Monday that the government is working to buy back MWSC’s minority shares. The President described MWSC as a