Ooredoo Maldives Proposes MVR 3.30 Per Share as the Dividend for 2019

Ooredoo Maldives Plc has announced that the Board of Directors of the Company has approved to recommend a dividend of MVR 3.30 per share as the dividend for the year ended, 2019.

According to a press release by Ooredoo Maldives, The resolution was passed by the Board of Directors at the Board Meeting held on Monday, 3rd February 2020. Furthermore, The recommended dividend will be proposed for the approval of the shareholders during the Annual General Meeting (AGM) to be held in March 2020.

Ooredoo Maldives closed the fourth quarter of 2019 with another robust performance achieving Gross Revenue (GR)
of MVR 551 million. Compared to the previous quarter, this is a 13% increase in GR driven by Enterprise, Broadband, and seasonal roaming revenue.

The Company achieved a Net Profit of MVR 174 million this quarter, registering a growth of 33% over the previous quarter and 18% compared to Q4 2018.

The Notice and Agenda of the AGM to be held in March 2020, along with the relevant documents will be made available on the company’s website before 16th February 2020.