Dhiraagu announces MVR 7.50 per share in dividend

Dhiraagu, the largest telecom and internet service provider, during its Sunday’s Annual General Meeting, voted for the approval of MVR 7.50 per share as the dividend for the year 2023.

The local telecom giant hosted its 35th AGM at the Crossroads Maldives on Sunday eve, where the shareholders approved the total dividend payout of MVR 750 million, proposed by the company’s Board of Directors.

Shareholders registered with Dhiraagu as of 16:00hrs on February 28, 2024 will be entitled to receive the dividend.

The share per value of MVR 7.50 is a slight increment from the MVR 7.33 per share approved at last year’s AGM.

At Sunday’s AGM, Ahmed Mohamed Didi was re-elected as the company’s Public Director.

The company posted a profit after tax of MVR 896 million for 2023.

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