Ooredoo Maldives' shareholders on Tuesday, approved the Board of Director's proposal to distribute MVR 3.30 per share as the 2019 dividend.
The decision was unanimously reached at Ooredoo's Annual General Meeting (AGM) held on March 2 at Kurumba Maldives.
A total of 1,314 shareholders, or 92 percent, attended the AGM.
The telecom company recorded a profit of MVR 588 million last year, a 10 percent spike compared to the net profit of MVR 525 million in 2018.
Ooredoo distributed 85 percent of its profits as 2018's dividend, at a rate of MVR 3.20 per share. A total MVR 472 million was distributed to shareholders as dividend.
All individuals and entities registered as Ooredoo Maldives' shareholders before February 11, 2020 will receive dividend.
During the AGM, Ooredoo also confirmed the decision to select Price Waterhouse Coopers as its audit firm for 2020. The multinational professional services network will be paid USD 60,000.
Furthermore, Fareesha Shareef was elected to the Ooredoo Board of Directors after attaining 526 votes, beating out the other four general shareholders that contested for a seat. She will retain her position until the 2022 AGM.
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