Ooredoo Maldives shareholders approved a dividend of MVR 3.54 per share for the 2025 financial year during the company’s Annual General Meeting, with nearly all issued shares represented at the meeting.
The meeting was held on Wednesday night at the Ooredoo Maldives Headquarters in Hulhumale’, with shareholders participating both in person and through the Maldives Securities Depository Company’s online meeting platform, FahiVote.
A total of 353 shareholders attended the meeting, including 144 shareholders present physically and 27 proxy holders representing 209 shareholders. Shares represented at the meeting totalled 144,202,029, equivalent to around 98 percent of the company’s issued shares.
Shareholders approved several key agenda items during the meeting. These included the minutes of the Annual General Meeting held on 9 March 2025, the audited financial statements and auditor’s report for the 2025 financial year, and the company’s Directors’ Report for the same period. The appointment of KPMG as the company’s auditor for the 2026 financial year, along with the firm’s remuneration, was also approved.
The meeting also addressed board composition. Fatima Sultan Al-Kuwari was re-elected to the Board of Directors as the representative of the majority shareholder, Wataniya International FZ-LLC.
In addition, an election was held to appoint a director representing general shareholders. Abdulla Ali was elected to the Board of Directors in this role, while the company expressed appreciation to Mohamed Shahid for his contributions during his tenure on the board.
The Annual General Meeting serves as the primary forum for shareholders to review the company’s performance, approve key governance matters, and make decisions on dividends and board representation.
