Ooredoo awarded Global Banking’s ‘Best Investor Relation Award’

At Global Banking & Finance Awards 2018, the ‘Best Investor Relation Company Maldives’ was awarded to Ooredoo Maldives.

As per Maldives Stock Exchange Listing guidelines, Ooredoo Maldives’s stocks were listed officially in Maldives Stock Exchange on August 2017. This was after the most successful IPO held in Maldives.

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At Ooredoo Maldives’ IPO, 14,045,260 stocks were sold to 8257 investors totally up an astounding MVR 421,357,800. However, this was only 9.5% of the stocks released to the market. At this memorial IPO while 8257 investors participated, 6000 of them were new faces to the Maldivian stock market. This has been viewed as a huge success for the company.

Additionally, Ooredoo Maldives has not only become the largest listed company in the Maldives but also and the entity with the largest free float adjusted market capitalisation on the Maldivian Stock Exchange (MSE). Ooredoo Maldives will continue to work with regulators and MSD to create awareness amongst the public regarding secondary market trading.

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