Shareholders of Ooredoo Maldives have approved a dividend of MVR 3.54 per share for the 2025 financial year during the company’s Annual General Meeting, reaffirming investor confidence in the telecommunications provider’s financial performance and governance. The meeting recorded strong shareholder participation, with nearly all issued shares represented, reflecting continued engagement among investors in the company’s strategic direction and operational results.
The Annual General Meeting was held on Wednesday night at the Ooredoo Maldives Headquarters in Hulhumalé. Shareholders attended both in person and through the Maldives Securities Depository Company’s online meeting platform, FahiVote, enabling broader participation through digital access. A total of 353 shareholders took part in the meeting, including 144 shareholders who attended physically and 27 proxy holders representing an additional 209 shareholders. Shares represented at the meeting totalled 144,202,029, equivalent to approximately 98 percent of the company’s issued shares, demonstrating strong shareholder involvement in the decision-making process.
During the meeting, shareholders reviewed and approved several key governance and financial matters related to the company’s performance during the past financial year. The minutes of the previous Annual General Meeting held on 9 March 2025 were formally approved. Shareholders also endorsed the audited financial statements and the auditor’s report for the financial year ending in 2025, along with the Directors’ Report covering the same period. These approvals confirm the company’s adherence to established financial reporting standards and corporate governance practices.
Shareholders also approved the appointment of KPMG as the company’s external auditor for the 2026 financial year, together with the firm’s remuneration. The continued engagement of a globally recognised auditing firm reflects Ooredoo Maldives’ commitment to maintaining transparency, accountability, and international standards in its financial oversight and reporting processes.
Board composition was another key item discussed during the meeting. Fatima Sultan Al-Kuwari was re-elected to the Board of Directors as the representative of the company’s majority shareholder, Wataniya International FZ-LLC. Her continued presence on the board reinforces the strategic partnership between the majority shareholder and the Maldivian telecommunications operator.
Shareholders also voted to appoint a director representing general shareholders. Abdulla Ali was elected to the Board of Directors in this capacity. During the meeting, the company conveyed its appreciation to Mohamed Shahid for his service and contributions during his tenure as a member of the board, acknowledging his role in supporting the company’s governance and development during his time in office.
The Annual General Meeting provides shareholders with an important platform to assess the company’s performance, review corporate governance matters, and participate in key decisions that influence the organisation’s future direction. The high level of shareholder participation and the approval of the dividend distribution highlight continued confidence in Ooredoo Maldives’ operational strength and its ongoing contribution to the Maldives’ digital and telecommunications landscape.
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