Ooredoo Maldives Plc successfully held its Extraordinary General Meeting (EGM) on 15 December 2024, conducted virtually via the FahiVote Online Meeting Management System of the Maldives Securities Depository Company.
The meeting saw the participation of 14 shareholders, representing 90.55% of the total issued shares, equating to over 133.8 million shares. Twelve shareholders attended in person, with two represented by proxy.
During the EGM, shareholders approved proposed amendments to the company’s Memorandum and Articles of Association. The revisions incorporate the agreed changes and will take effect upon registration with the Ministry of Economic Development and Trade. Once registered, the updated Memorandum and Articles of Association will be published on Ooredoo Maldives’ official website.
Additionally, the shareholders approved the sale and transfer of 1.5 million shares of Techfin Maldives Pvt Ltd from Ooredoo Maldives Plc to OFT International LLC.
Ooredoo Maldives expressed gratitude to its shareholders for their trust and continued support, reiterating the company’s commitment to delivering value and introducing innovative technologies to meet customer demands while contributing to community development.
The company’s financial performance highlights Ooredoo Maldives’ robust position in the market, generating revenues of MVR 2.1 billion and a profit after tax of MVR 685 million as of 31 December 2023.
Ooredoo Maldives remains a key player in the nation’s telecommunications industry, offering a range of digital and enterprise services while driving advancements in connectivity across the Maldives.