Adhadhu

Adhadhu

http://www.adhadhu.com
https://www.linkedin.com/company/adhadhu/

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.

Revenue

Founded

2021

Headcount

11

Headquarters

Maldives

Primary Segment

Media and TV services

Ownership

Privately Owned

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Adhadhu offers products in the media and telecoms services industry. Adhadhu's product portfolio comprises of media and TV services.

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Adhadhu's revenues were less than $10M in 2023. All the revenue comes from social and online content creator.

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Jan

14th

2026

00:37

President's Office refuses to disclose information on single

The President's Office has refused to disclose the procedures and documents related to the awarding of major projects without bidding or on a single-source basis. Adhadhu submitted a Right to Information (RTI) request to the President's Office seeking important details on transparency when awarding projects.

Sep

23rd

2025

23:45

Cost Cutting, Regulatory and Legal, CT_Monitor Company

Government decreases expenditure by parking capital budget

Finance Ministry. -- Adhadhu File Photo The Finance Ministry has claimed that spending is lower compared to last year, without implementing any cost-cutting measures and failing to raise funds, while not carrying out any development projects as budgeted for the year.

Sep

23rd

2025

04:35

Regulatory and Legal, Default (Finance), CT_Monitor Company

Maldives might be at risk of defaulting on its Sukuk bond: Nasheed

Former President Mohamed Nasheed. -- Adhadhu File Photo Former President Mohamed Nasheed has said the government is unlikely to be able to sell more Sukuk to meet its plan to pay USD 500 million (MVR 7.7 billion) due next year, with fears that the Maldives' Sukuk could default due to lack of funds.

Sep

22nd

2025

03:16

Procurement and Sales, CT_Monitor Company

Hulhumale' Commercial Spine sees no progress 20 months after awarding project

Image shows plan for Urban Isle. -- Photo: HDC Adhadhu has learnt that the Urban Isle Commercial Spine project in Hulhumale' has not yet started, several months after it was awarded to a Chinese company with millions paid in advance.

Sep

16th

2025

04:29

Procurement and Sales, Divestiture, CT_Monitor Company

Maldivian sells aircraft without a tender process

A dash-8 aircraft operated by Island Aviation. -- Photo: Maldivian Island Aviation, which operates the national airline Maldivian, has sold a Dash-8 aircraft to a foreign company without a tender process. According to the documents obtained by Adhadhu, Island Aviation sold a DHC-8 MSN 591 aircraft for USD 3.7 million.

Sep

14th

2025

23:39

Regulatory and Legal, CT_Monitor Company

STO to import 23 items as basic commodities

Local market. -- Adhadhu File Photo The Ministry of Economic Affairs has issued a list of items that the State Trading Organisation (STO) will import as basic commodities. The list released on Sunday includes 10 fruits, 10 vegetables and three other food items.

Sep

8th

2025

00:00

CT_Monitor Company

Agreements signed with more than 3000 Gedhoruveriya flat recipients

Gedhoruveriya flats under construction in Hulhumale'. -- Photo: Adhadhu Fahi Dhiriulhun Corporation (FDC) has signed agreements with more than 3,000 of the first flat recipients of the Gedhoruveriya (house owner) scheme under the previous government's housing policy.

Sep

5th

2025

23:50

Procurement and Sales, CT_Monitor Company

Highest bidder contracted for Hulhumale' power plant project!

Adhadhu has learnt that the highest bidder was awarded the contract for the construction of a new power plant in Hulhumale'. State Electric Company Limited (STELCO) signed the agreement with China Machine Engineering Corporation (CMEC) during President Mohamed Muizzu's recent visit to China.

Jul

30th

2025

00:50

Management Changes, CT_Monitor Company

RACL Managing Director Mubeen resigns

Ahmed Mubeen. -- Photo: Mirash Nashim/ Adhadhu Regional Airports Company Limited (RACL) Managing Director Ahmed Mubeen resigned on Tuesday. Adhadhu understands that he resigned as the transfer of RACL under Maldives Airports Company Limited (MACL) is almost complete.

Jul

30th

2025

00:39

Procurement and Sales, CT_Monitor Company

STO to bring onion shipment from India to address shortage

The State Trading Organization (STO) has decided to bring in a shipment of onions from India due to a shortage in Male'. STO Corporate Branding Officer Yoosuf Shah told Adhadhu that the company decided to bring a shipment of onions from India to address the shortage.

Jul

3rd

2025

02:14

Regulatory and Legal,

Complaints after BML charged 30 percent fee on orders on June 30

BML CEO Mohamed Shareef. -- Photo: President's Office Some people have complained that the Bank of Maldives (BML) charged a 30 percent fee on payments to popular shopping sites on June 30. In an announcement on June 30, the national bank said a 30 percent fee will be imposed on each payment to Temu, Shein, Alibaba, Ali Express, Lazada and eBay starting July 1.

Jul

1st

2025

23:11

Procurement and Sales, Procurement and Sales,

Solar City project awarded to Canadian company

The solar city will be developed on the lagoon east of Kunda Bandos resort. -- Photo: Adhadhu File Photo A Canadian company has been awarded the contract for the solar city project announced by the government under the Special Economic Zone (SEZ).

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