Shareholders of Ooredoo Maldives have approved a dividend payout of MVR 3.54 per share during the company’s Annual General Meeting (AGM) held on the night of March 4, 2026, reflecting continued confidence in the telecom operator’s financial performance and long term strategy.
The meeting took place at the company’s headquarters in Hulhumalé, with shareholders joining both physically and through the FahiVote online platform operated by the Maldives Securities Depository Company. A total of 353 shareholders participated, including 144 attending in person and 27 proxy holders representing 209 shareholders.
Together, participants represented 144,202,029 shares, accounting for 98 percent of the company’s total issued shares, indicating strong engagement from investors.
Key Resolutions Approved
During the AGM, shareholders endorsed several key items on the agenda related to the company’s governance and financial reporting. These included:
- Approval of the minutes from the 2025 AGM.
- Adoption of the audited financial statements for 2025 along with the auditor’s report.
- Approval of the Directors’ Report for 2025.
- Appointment of KPMG as the company’s external auditor for the 2026 financial year, including approval of the firm’s remuneration.
The dividend decision means shareholders will receive MVR 3.54 per share for the 2025 financial year, reinforcing Ooredoo Maldives’ commitment to delivering returns while maintaining investment in digital infrastructure and services.
Board Changes and Appointments
The AGM also confirmed changes to the company’s Board of Directors.
Shareholders approved the re-election of Fatima Sultan Al-Kuwari to the board, representing the majority shareholder Wataniya International FZ-LLC. Her continued presence is expected to support the company’s strategic direction and governance.
In addition, Abdulla Ali was elected to the board as the director representing general shareholders. The company welcomed him to the board and expressed confidence in his future contribution.
The meeting also acknowledged and thanked Mohamed Shahid for his service during his tenure on the board.
Focus on Digital Growth
In remarks following the meeting, the company reaffirmed its commitment to creating sustainable value for shareholders while supporting national development and digital transformation.
Ooredoo Maldives stated that it remains focused on building a digitally empowered Maldives, improving connectivity, and delivering advanced telecommunications services across the country.
According to the company’s latest financial results, Ooredoo Maldives generated MVR 2.1 billion in revenue and recorded a profit after tax of MVR 727 million for the year ending December 31, 2025.
The company’s shares are listed on the Maldives Stock Exchange.
Operating as part of the wider Ooredoo Group, the telecom provider delivers mobile, broadband, enterprise, and digital services across the Maldives, playing a central role in the country’s rapidly expanding digital economy.
