Cyprea Group

Cyprea Group
TypePrivately held company
IndustryConglomerate
Founded1977; 49 years ago (1977)
FounderAbdulla Saeed
HeadquartersThe Cyprea, Male', Maldives
Key people
Abdulla Saeed
(Chairman & Managing Director)
Ibrahim Saleem
(Director)
Abdullah Hameed
(Director)
Mohamed Shareef
(Director)
Adam Manik
(Director)
SubsidiariesCyprea Private Limited
Cyprea Hotels & Travel Private Limited
Cyprea Marine Foods Private Limited
Alba International Private Limited[1]
Vivco Energy Solutions Private Limited
Go Maldives Private Limited
Websitewww.cyprea.com.mv

The Cyprea Group is one of the largest business entities in the Maldives. Cyprea Group is a private conglomerate which is amongst the largest private business in the Maldives with major operations in airline ticketing,[2] inbound and outbound travel, cargo import and export, fish processing, courier service, fuel supply & bunkering service.[3]

History

In August 2017, Minor Hotels joint ventures with Cyprea Group to develop AVANI Fares Resort in Maldives.[4]

In November 2019, DFCC Bank of Sri Lanka entered a breakthrough partnership with Cyprea Group for a dual-tranche bilateral term loan, together with a trade finance and guarantee facility. This transaction is the single largest bilateral deal arranged by DFCC Bank to date.[5]

Subsidiaries

Cyprea Private Limited - Cyprea Private Limited was established in 1977 as a limited liability company manifesting the true essence of partnership to venture in the various business opportunities in the Maldives. Cyprea Private Limited is the owner of Kanifinolhu Resort. At present the resort is being managed by Club Med.

Cyprea Hotels & Travel Private Limited - Cyprea Hotels & Travel Private Limited is an IATA accredited travel management company found in 1978.[6] Their clients base consist of Tour Operators and Travel Agencies, Airlines, Cruise Operators and Event Organizers from around the world.

Cyprea Marine Foods Private Limited - Cyprea Marine Foods Private Limited operates an EU certified fish processing factory in Kaafu Atoll, Himafushi, to cater value added products mainly to Europe. As an MSC certified sustainable seafood supplier,[7] the factory is currently exporting fresh chilled fish which includes mainly Yellow Fin Tuna (whole and loins) and reef fish varieties.

References

  1. ^ "Solahart". Solahard Australia. Retrieved 3 April 2020.
  2. ^ "List of Airlines / Agents approved to conduct Air Transport Sales in the Maldives". Civil Aviation Authority of Maldives. Retrieved 3 April 2020.
  3. ^ "Cyprea Private Limited". Cyprea Group. Retrieved 3 April 2020.
  4. ^ "Avani to Debut in the Maldives with Developemt [sic] of Avani Fares Resort". Maldives Times. Archived from the original on 3 March 2021.
  5. ^ "DFCC Bank Partners With Cyprea Group Of Maldives". Business Today.
  6. ^ "The Island Chief". The Island Chief. Archived from the original on 2020-02-19. Retrieved 2020-04-03.
  7. ^ "MSC supplier directory". Marine Stewardship Council.

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