State Owned Enterprises
There are 32 State Owned Enterprises (SOEs) in the Maldives, and 20 of them are 100 percent owned by the state, while 5 companies are publicly listed companies.
There are more than 12 companies that government provides capital contributions, and 17 companies made a Net Loss by the end of the fourth quarter of 2020.
The SOEs are ranked according to the Net Profit made by the end of 2020, and the position of companies are different for 2019, considering the COVID-19 effect on the revenue and profitability of some companies.
As per the balance sheet numbers of the SOEs by the end of December 2020, the Housing Development Corporation (HDC) is with the highest value in assets, with about MVR 32B. The BML comes second with MVR 31B.
State Owned Enterprises Rankings
Net Profit
732M
Total Assets
4.1B
Total Revenue
2.5B
Borrowings
N/A
Net Profit
362M
Total Assets
32B
Total Revenue
816M
Borrowings
10.6B
Net Profit
325M
Total Assets
31B
Total Revenue
2.7B
Borrowings
899M
Net Profit
281M
Total Assets
2.6B
Total Revenue
890M
Borrowings
140M
Net Profit
242M
Total Assets
15B
Total Revenue
2.2B
Borrowings
7.4B
Net Profit
187M
Total Assets
2.5B
Total Revenue
1.4B
Borrowings
557M
Net Profit
127M
Total Assets
8.5B
Total Revenue
8.5B
Borrowings
2B
Net Profit
95M
Total Assets
2.1B
Total Revenue
145M
Borrowings
1.1B
Net Profit
82M
Total Assets
2.4B
Total Revenue
1.7B
Borrowings
131M
Net Profit
75M
Total Assets
4.4B
Total Revenue
249M
Borrowings
N/A