Adhadhu, a privately owned company headquartered in the Maldives, was founded in 2021 and employs approximately 20 individuals. The company reported $5.1M in revenue as of 2023. Functioning as a tier 2 media tech buyer, it operates primarily as an online news outlet, providing various media and TV services within the Maldives.
On April 16, 2026, President Mohamed Muizzu decided to terminate 500 political appointees across various government ministries, a decision finalized during the first cabinet meeting following the appointment of new ministers. Earlier, on January 14, 2026, the President's Office refused to disclose procedures and documents related to the awarding of major projects without bidding or on a single-source basis, in response to a Right to Information (RTI) request. Previously, on September 23, 2025, the Finance Ministry claimed lower spending compared to the previous year without implementing specific cost-cutting measures, failing to raise funds, and not executing budgeted development projects. On the same day, former President Mohamed Nasheed stated that the government might be at risk of defaulting on its Sukuk bond, expressing fears that the Maldives' Sukuk could default due to a lack of funds to meet a USD 500 million (MVR 7.7 billion) payment due the following year. This followed news from September 22, 2025, that the Urban Isle Commercial Spine project in Hulhumale' had seen no progress 20 months after it was awarded to a Chinese company, with millions reportedly paid in advance.
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