STO’s annual general meeting: We have made the company a well trusted company – Shaheer

Managing Director of STO, Ahmed Shaheer have said that STO is now a trusted company among it’s suppliers and is very influential as well.

Speaking at STO’s annual general meeting held at Dharubaaruge last night, Shaheer said that even though STO had debts till 2014, they have no paid it off and now STO is a trusted company among suppliers. He said that these achievements were a result of governance reforms brought to STO.

The shareholders of the company passed to distribute 51 Rufiyaa per dividend as passed by the company board. KPMG was appointed as the auditor of the company. In last night’s meeting Muhammad Farushath was appointed to the board of the company on behalf of the public shareholders.

In last night’s meeting, MD Shaheer also presented the annual report of 2016, highlighting key achievements in the past year.