A decision has been made to reclaim the Dhiraagu shares sold during the MDP administration and restore majority ownership to the government.

Speaking at a press conference held at the President's Office today, President Dr. Mohamed Muizzu stated that significant progress has been made under efforts to reform, restructure, and merge state-owned enterprises to establish an efficient and cost-effective service system for the public.

The President noted that as part of these reforms, the process of rightsizing company workforces to necessary levels is moving forward at a rapid pace, with the Cabinet approving several key decisions.

"One of the most important measures is increasing the government's shareholding in Dhiraagu to 51 percent. As you know, Dhiraagu was originally under majority state ownership before its shares were sold during MDP's first government. It is a major asset belonging to the public. Restoring a 51 percent majority stake in Dhiraagu is essential for the benefit of our citizens and for advancing the country's economy," the President said.

The President confirmed that efforts to repurchase the sold shares and regain a 51 percent majority control in Dhiraagu have officially begun. Additionally, he announced decisions to acquire 100 percent state ownership in MWSC and merge several other public companies.