With the view of reaping the benefits and to enhance the value proposition of the Group, LOLC is in the process of expanding its leisure wings globally, with the significant investments made in Maldives. Browns Ari Resorts (Pvt) Limited, which owned the Bodhufinalu lagoon (located at South Ari Atoll), is in the process of developing a star class resort which consists of 100 keys and the hotel is expected to commence commercial operations in 2022. LOLC already entered into a management agreement with Barcelo Hotel Group. Apart from that, Bodufaru Beach Resorts (Pvt) Limited entered into a shareholders' agreement with Barcelo Group, to construct three star class hotel in the North Male Atoll which consists of 470 keys. Nasandhura Maldives is planned as a luxury city hotel with 136 plus rooms, 118 plus apartments and a sophisticated retail mall which will be considered as a flagship property and an iconic development in Male city.