Shimad_ibrahim_md_sto

Shimad Ibrahim (MD, STO)

STO targets MVR 1 billion net profit by 2030

17 May 2026

Fenaka settles MVR 1 billion from total debt to STO

17 May 2026

Fuel supply can be managed, another shipment next week: STO

15 Mar 2026

STO assures stable food prices in Ramadan

16 Feb 2026

Gas shortage to be resolved with new stock before Ramadan

15 Feb 2026

STO and Hitachi mark 25 years of partnership

29 Nov 2025

Shaam replaces Shimad as Fenaka Chairperson

8 Jul 2025

Earned MVR 124 mn from bunkering, further changes ahead: STO

18 May 2025

STO targets MVR 1 billion net profit by 2030

17 May 2026

Fenaka settles MVR 1 billion from total debt to STO

17 May 2026

Fuel supply can be managed, another shipment next week: STO

15 Mar 2026

STO assures stable food prices in Ramadan

16 Feb 2026

Gas shortage to be resolved with new stock before Ramadan

15 Feb 2026

STO and Hitachi mark 25 years of partnership

29 Nov 2025

Shaam replaces Shimad as Fenaka Chairperson

8 Jul 2025

Earned MVR 124 mn from bunkering, further changes ahead: STO

18 May 2025

Gallery

Celebrating 25 Years of STO and Hitachi

30 Nov 2025

21 photos

STO

STO holds "Dhekunu Foari" for southern branch staff

Staff from L. Fonadhoo, Fuvahmulah, GDh. Thinadhoo, Hulhumeedhoo and Addu City took part in Dhekunu Foari 2026.

2 Sept 2026

Umar Shan Shafeeq

STO introduces two scholarships for engineering

30 Aug 2026

STO introduces portable scanner to Maldives

20 Aug 2026

STO's posts MVR 279 profit in Q2

30 Jul 2026

Moo Milk full cream milk powder now at STO

20 Jul 2026

Fenaka Corporation

Survey for state of island electricity services under STELCO

The company also said they have teams in Addu and Thinadhoo conducting a utility service survey.

17 Sept 2026

Umar Shan Shafeeq

Fenaka to be dissolved, services transferred under STELCO

7 Sept 2026

Fenaka becomes third SOE to meet disclosure threshold

7 Aug 2026

Fenaka to provide reports to committee twice a month

4 Aug 2026

Action to be taken over Fenaka employees flagged in audit

29 Jul 2026

STO Annual General Meeting

STO to distribute MVR 80 per share

State Trading Organization (STO) has decided that MVR 80 per share will be distributed from last year's profits.

13 Jul 2024

Mariyath Mohamed

STO Oil Storage

Maagiri lagoon reclaiming to start in 18 months to store oil

Disclosing that reclamation of Maagiri lagoon will begin within 18 month to ease the difficulties faced by STO in storing oil, MD of the company, Shimadh stated that these difficulties are mostly due to the insufficient storage space provided by Funadhoo.

13 Apr 2024

Aishath Shuba Solih

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