Finance Ministry Invites Proposals to Liquidate MITDC

The Finance Ministry has invited proposals from qualified and experienced liquidators to undertake the voluntary liquidation and dissolution of Maldives Integrated Tourism Development Corporation Li...

Mohamed Hilmy

21 January 2026, 05:00

The request for proposals (RFP), issued under Project Number PC-13/2025/C-01, follows a government decision to wind up the operations of MITDC, a state-owned company incorporated under Section 6 of the Companies Act of Maldives. As the sole shareholder, the Government is seeking a liquidator to manage the process in full compliance with applicable laws and regulations.

According to the RFP, the appointed liquidator will be responsible for taking control of MITDC’s assets, properties and records, realising assets transparently, settling liabilities and creditor claims in line with statutory priorities, and managing all legal and regulatory matters, leading to the company’s final dissolution.

The Government stressed that, given MITDC’s status as a state company, the liquidation must be carried out with high standards of transparency, accountability and good governance.

Proposals must be submitted physically to the Finance Ministry and Planning, Ground Floor Reception, Ameenee Magu, Malé 20379, by 1:30 pm on 29 January 2026. Submissions sent by email or online platforms will not be accepted.

Finance Ministry Invites Proposals to Liquidate MITDC

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