K. Male'
|
04 Jun 2018 | Mon 17:22
Post Office
Post Office
Mohamed Sharuhaan
Post Office
Post Office made a subsidiary of Island Aviation
The government had 100 percent of shares in both companies
99 percent of the shares at the Post Office has been transferred to Island Aviation and the remaining 1 percent was transferred to MACL
Policy changes have been made to the Post Office, accordingly
Humaam Ali
Humaam Ali
8,368

Maldives Post Limited (Post Office) has been made a subsidiary company of Island Aviation Services.

The Privatization and Corporatization Board announced the decision in a press statement on Monday.

The Board stated that while the government had 100 percent of shares in both companies, 99 percent of the shares at the Post Office has been transferred to Island Aviation and the remaining 1 percent was transferred to Maldives Airports Company Ltd on May 30.

The Board stated that policy changes have been made to the Post Office, accordingly.

Last updated at: 10 months ago
Reviewed by: Humaam Ali
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