Ooredoo Maldives approves a dividend of MVR 2.34 per share for 2020

CEO of Ooredoo Maldives Plc Najib Khan | Photo: Ooredoo Maldives

Malé, Maldives – Ooredoo Maldives Plc has announced that the Board of Directors of the company has approved to recommend to the Shareholders’ for approval, a dividend of MVR 2.34 per share as the dividend for the year 2020.

According to Ooredoo Maldives, the recommended dividend will be proposed for the approval of the shareholders during the Annual General Meeting (AGM) to be held in March 2021. Ooredoo Maldives also stated that the dividends will be distributed in March 2021 if approved by the shareholders.

Ooredoo Maldives had reported a profit of MVR 407 Million in its 2020 Audited Financial Statements approved by Board of Directors on February 1, 2021, which is MVR 181 million lower compared to the 2019 profits reported by the company.

The company had distributed a dividend of MVR 3.30 per share after the shareholders gave approval during the AGM which was held on March 2, 2020.