MTCC board approves dividend of MVR3 per share

Maldives Transport and Contracting Company (MTCC) has held the annual general meeting for 2020 on Sunday, 20 June 2021.

The annual general meeting for the previous year was organized and executed through the local virtual conferencing platform “FahiVote.”

Sunday’s annual general meeting was participated by a total of 37 of the company’s shareholders which had included 30 shareholders and 7 proxies which also translates to a total of 5,551,957 of the corporation’s shares.

Moreover, the five directors representing Maldives government along with the two directors representing general shareholders had participated in the AGM.

During the AGM, the board of directors had approved distributing dividends at MVR3.00 per ordinary share from the retained profit of 2020.

Furthermore, the balance sheet, director’s report and profit and loss report along with the agenda of 2019 Annual General Meeting were approved during the meeting.

Meanwhile, the corporation had appointed PriceWaterhouseCoopers (PwC) as their official auditor for 2021.