Shareholders to Review Ooredoo Maldives’ 2023 Performance and Dividend Proposal in March AGM

Ooredoo Maldives recently declared in a Board Meeting on 4th February 2024, the approval of their Dividend, Audited Financial Statements, and Annual Report for the fiscal year ending 31st December 2023.

The Board of Directors has proposed a dividend of MVR 3.27 per share for the year ended 31st December 2023. This dividend recommendation is subject to the approval of the shareholders. Eligibility for receiving this dividend is determined by the shareholder status as of 14:00 hours on Thursday, 15th February 2024. This move marks a pivotal moment for the company, reflecting its financial health and commitment to shareholder value.

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Further enhancing its transparency and accountability, Ooredoo Maldives has confirmed that the Audited Financial Statements and the Annual Report for 2023, which have received the Board’s approval, will be published by the end of Wednesday, 21st February 2024. These documents are crucial for providing shareholders and the financial market with detailed insights into the company’s performance and strategic direction.

The company has also announced that the recommended 2023 Dividend, along with the Audited Financial Statements and Annual Report for 2023, will be presented for shareholder approval during the Annual General Meeting (AGM) scheduled for March 2024. Following the shareholders’ approval, the distribution of the 2023 Dividend is expected to commence in March 2024.

In addition to these financial disclosures, Ooredoo Maldives has assured that the Notice and Agenda of the AGM, along with the relevant documents, will be available on their website by no later than the end of Wednesday, 21st February 2024.

As the company moves forward with its strategic plans for 2024, these developments will be closely watched by investors and market analysts.

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