BML procures Hulhumale’ land plot for MVR 58 million

Bank of Maldives | Photo: Corporate Maldives

Male’, Maldives – Bank of Maldives (BML) has procured a land plot from Hulhumale’ at the price of MVR 58 million.

The plot of size 15,822.5 square feet (1,469.96 square meters) was offered to BML at this price by Housing Development Corporation (HDC), which was then procured by BML and verified as a legitimate sale by the Hulhumale’ division of the Civil Court of Maldives.

The land, which is lot number 11611 was purchased at the rate of MVR 3,710.11 per feet, of which the entire payment has been completed.

Bank of Maldives is the largest bank and leading financial institution in Maldives, with a presence in every island of the country.