Tuesday 5th Jul 2022
Dhivehi Edition
News Reports Sports Business
Adam Azim

MTCC CEO Adam Azim Acquires MVR 2.1 Million Land Plot

CEO of Maldives Transport and Contracting Company Plc (MTCC) Adam Azim has bought a plot of land worth MVR 2.1 million in capital city Male'.
The former owners of the 650 ft² property named H. Glista are Aminath Ibrahim, Aishath Seema, Mohamed Shiyam, Ali Shiyam, and Abdulla Shiyam.
Azim purchased the land for a total of MVR 2,189,781 (two million one hundred and eighty-nine thousand seven hundred and eighty-one), which is approximately MVR 3,368.8 per square foot.
Civil Court Judge Hafizaa Abdul Sattar, overlooking the matter, confirmed on June 6 that Azim had completed his payment.
The court declared that the agreement was valid, and transferred ownership of H. Glista to Adam Azim.
Azim is also a shareholder of Rasheed Carpentry and Construction, one of the major construction companies in the nation.