Ooredoo Maldives Plc. is pleased to announce that the Board of Directors has approved the eligibility criteria for candidates wishing to apply for the position of Director representing general shareholders at the Company’s Annual General Meeting (“AGM”) scheduled for 2026. Applications for this position will open before the end of November 2025.
Qualified shareholders and nominees are invited to review the following criteria before submitting their applications:
Eligibility Criteria
Applicants for the Director position must:
- Be a shareholder of Ooredoo Maldives Plc. holding a minimum of 50 shares, or be nominated by a legal entity shareholder holding at least 50 shares (nominations must be supported by a board resolution of the nominating entity).
- Have been a shareholder of the Company for at least three (3) months prior to the application deadline.
- Meet the qualifications and competencies outlined in the Companies Act 2023 (Act No. 07/2023), its regulations, and the Corporate Governance Code issued by the Capital Market Development Authority (CMDA), including the standards required for an Independent Director.
- Satisfy the CMDA’s “Fit and Proper” Guidelines for Directors of Listed Companies.
- Hold a degree from an internationally recognized university.
- Possess a minimum of ten (10) years’ experience in a senior role within the public or private sector, in the Maldives or internationally.
- Have previous experience serving as a Board Director of at least one active company, with a demonstrated record of contribution.
- Not currently serve as a Board Director of more than two (2) companies listed on the Maldives Stock Exchange.
- Not have served on the board of a competitor of Ooredoo Maldives or a regulatory authority within the past twelve (12) months.
- Not be a current employee of Ooredoo Maldives, a competitor, or a regulator.
- Not have been employed by Ooredoo Maldives, a competitor, or a regulator within the past twelve (12) months.
- Have no immediate family members (spouse or children) employed by Ooredoo Maldives or a competitor.
- Be free from conflicts of interest and able to exercise independent and impartial judgement.
- In the opinion of the Nomination and Remuneration Committee (“NRC”), be well-qualified to serve as a Board Director, demonstrating:
- Integrity in personal and professional conduct
- Strong decision-making abilities
- Capacity to read and interpret financial statements
- Proven business acumen and achievement
- Professionalism, cooperation, and sound interpersonal skills
- Ability to engage effectively with Company employees
- A breadth of experience and strategic thinking ability
Following the application period, the NRC will evaluate all submissions and present its recommendations to the Board of Directors. Eligible candidates will be announced to shareholders in the Notice & Agenda of the 2026 AGM.
In accordance with Clause 102(b)(i) of the Articles of Association, the Director elected by general shareholders will serve from the 2026 AGM until the conclusion of the AGM scheduled for 2028.
Ooredoo Maldives remains committed to maintaining the highest standards of corporate governance, transparency, and fairness throughout the Board election process.
