Malita Investments Withholds Dividend Amid Cash Reserve Plunge Linked to Former Minister's Legacy

Government-controlled Malita Investments halts interim dividends after cash reserves dropped over 70% in six months, citing ongoing financial and governance challenges stemming from former housing minister Galdes's tenure.

2 Sept, 15:19 — 2 Sept, 15:19

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Galdes legacy weighs on Malita as cash reserves plunge to €1.8 million and dividend is withheld

Malita Investments will not pay shareholders an interim dividend after its cash reserves plunged by more than 70% in six months, as the government-controlled company continues to grapple with the financial and governance legacy of former housing minister Roderick Galdes. The beleaguered company’s unaudited interim accounts show that cash and cash equivalents fell from €6.4 … Continued

By Ivan Camilleri

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Malita Investments Withholds Dividend Amid Cash Reserve Plunge Linked to Former Minister's Legacy

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Galdes legacy weighs on Malita as cash reserves plunge to €1.8 million and dividend is withheld

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