Ooredoo Maldives has announced plans to sell 41% of shares from the company at a price of MVR 30 per share.
According to the prospectus released by Ooredoo Maldives, the shares will be publicly purchasable beginning from the 30th of this month. The company aims to make MVR 1.7 billion from the share sales, and will be selling the shares at a rate of minimum 50 shares per transaction. The shares can be purchased by private individuals, companies, partnerships, cooperative societies, and associations.
Ooredoo Maldives made the decision to go public and listed the company on the Maldives Stock Exchange on 13th October 2016. The prospectus, along with application forms in both English and Dhivehi, and other pertinent documents are available for download from Ooredoo Maldives’ website.