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.