History At A Glance

MUNI was founded in 1983 by Mr. Mukhuthar Hassan and Mr. Nizar Hassan as a small local retailer with a capital of MRF 40,000.

In 1987, after four years in the retail business; MUNI step their foot into the tourism industry by investing into a Diving Dhoni under the name of “MUNI Express”.

Having achieved a successful 10 years simultaneously in the trading and tourism sector,MUNI further expanded its business in the tourism sector by investing US$ 0.4 million for an ordinary Safari Yacht – “Moonima” along with a Diving Dhoni – “Iruvai”which was launched in the year 1990. Within another 7 years from then, MUNI launched their second Safari Vessel - “Moodhumaa” and Diving Dhoni “MUNI Impress” in 1997 with an investment of US$ 1.2 million.

On the 14th of September 1997; the partnership was registered as a limited liability company under the name of MUNI Travels and Trade Private Limited.

A second company under the umbrella of The MUNI Group came into existence in the year 2000; under the name of MUNI Enterprises Private Limited along with Mr. Ahmed Shiyam as an additional share holder of the company. MUNI Enterprises was formed to provide quality home improvement products throughout the nation.

A third company under the umbrella of The MUNI Group came into existence in the year 2007; under the name of Princess Holidays Private Limited along with Mr. Ahmed Adil as an additional share holder of the company. Princess Holidays was formed to provide bespoke luxury experiences in some of the world’s most exquisite resorts, spas and cruises.

As a result of a sustainable growing business and continuous innovation, MUNI launched the first ever Spa included live aboard in the Maldives – “Moonima 2” in the year 2003.

MUNI Enterprisesdiversified its business in 2003 by entering into a partnership with Isle Investments Private Limited as the exclusive distributer of “Lifan” brand of Motor Cycles in the Maldives with an after sales service center in the capital.

“Princess Haleema” , a luxury safari yacht designed to cater for the needs of the luxury traveler is the latest investment of the MUNI Group with the most modern amenities, designed by professionals in the field and provides a unique and exceptional experience for the traveler who decides to cruise in her.