Conclusion of Annual General meeting held in 2024

Conclusion of Annual General meeting held in 2024

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The Annual General Meeting (“AGM”) of Ooredoo Maldives Plc. (the “Company”) was held last night (Thursday, 7th March 2024) at 20:30 hrs. Shareholders participated at the AGM both physically and virtually; physically at the Central Park, Hulhumale’ and virtually through the Online Meeting Management System “FahiVote” of the Maldives Securities Depository Company Pvt Ltd (“MSD”).

The AGM was attended by 1,764 (one thousand seven hundred and sixty four) Shareholders, with 123 (one twenty three) Shareholders being present in person and another 60 (sixty) Proxyholders. The total number of shares represented at the AGM was 143,033,768 (one forty three million thirty three thousand seven hundred and sixty eight) shares which represents 96.77% of the total issued shares.

According to the Agenda of the AGM, the Shareholders approved the Minutes of the Annual General Meeting held on Wednesday, 8th March 2023, the Audited Financial Statements with the Auditor’s Report for the year 2023, the Company’s Directors Report for the year 2023, the appointment of KPMG as the Auditors for the year 2024 and their remuneration.

The Shareholders approved MVR 3.27 (Three Rufiyaa Twenty Seven Laari) per share as the dividend for the year 2023. The re-election and appointment of Ms. Dheena Hussain and Mr. Suresh Kalpathi Chidambaram on the Board of Directors of Ooredoo Maldives was approved by the majority Shareholder, Wataniya International FZ-LLC to represent them on the Board.

Additionally, during the AGM, election was held to appoint a Director to represent the general Shareholders on the Board of Directors. We extend our heartfelt congratulations to our new Director, Mr. Mohamed Shahid for being elected to the Board of Directors and we are confident that under his guidance the Company will continue to flourish further. We would also like to express our appreciation to Ms. Fareeha Shareef for her invaluable contribution during her tenure on the Board of Directors towards the growth journey of the Company.

We take this opportunity to extend our appreciation to our Shareholders for their valuable support and trust in us. We are committed in ensuring the best return for our Shareholders, while equally contributing to the development of the communities. We will continue our efforts to establish a digital Maldives and to provide world class services for all our customers.