Dhiraagu has successfully concluded its Extraordinary General Meeting (EGM), held online through the Fahivote platform, a system managed by the Maldives Securities Depository Pvt Ltd. The meeting was chaired by Ahmed Abdulrahman, Deputy Chairperson of Dhiraagu, and saw participation from 19 shareholders, including proxies.
Key Resolutions Passed
During the EGM, two special resolutions were approved by the shareholders:
- Amendments to the Articles of Association.
- Amendments to the Memorandum of Association.
These updates reflect Dhiraagu’s ongoing commitment to adapting its corporate governance and operational frameworks to align with evolving business needs.
Performance Highlights
Dhiraagu’s CEO and Managing Director, Ismail Rasheed, presented the company’s impressive financial performance for the first three quarters of 2024:
- Revenue growth of MVR 129 million (6.6% increase from the previous year), reaching MVR 2.1 billion.
- Net profit rose by MVR 36 million, amounting to MVR 700 million (5.4% growth).
This financial progress highlights strong momentum across key business segments, reinforcing Dhiraagu’s position as a leader in the Maldivian telecommunications industry.
Milestones in Connectivity
The CEO also highlighted the landing of the SEA-ME-WE 6 submarine cable system, directly connecting the Maldives to global internet exchange points. This development enhances the quality, reliability, and resiliency of internet services provided to Dhiraagu’s customers.
Additionally, Dhiraagu’s Fibre-to-the-Home (FTTH) network now covers 98% of households nationwide, furthering its mission to empower digital communities. The company was also recognised as the “Fastest Mobile Network in the Maldives” by Ookla for the third consecutive year, underscoring its commitment to delivering superior services.
