MTCC schedules AGM for 27 September 2020


Maldives Transport and Contracting Company (MTCC) announces its plan to schedule their next annual general meeting on 27 September 2020.

Moreover, MTCC reveals their AGM for the previous year will take virtually through Maldives Securities Depository’s online web conference application.

Due to the ongoing Covid-19 pandemic, many of the major companies have already hosted their AGMs through virtual means.

MTCC claims, stakeholders and company shareholders can register for the AGM until 10 September 2020.

Furthemore, the company notes the AGM will be at 16:00hrs of scheduled date.

The AGM’s agenda include board decisions towards dividend pay-up from previous year’s net profit as well as appointing new board directors of the company.

During the meeting, participants will cast vote for decisions by the board.

Meanwhile, MTCC board of directors confirm dividends at MVR2 per share for individual shares worth MVR5.

The company’s net profit for 2019 stood at MVR53 million.