State Trading Organization (STO) on Monday evening announced that the company’s dividend payouts will be at MVR65 per share.
The announcement was made at the company’s annual general meeting held on Monday evening at the CROSSROADS Maldives.
The annual general meeting was attended by a total of 157 shareholders directly and another 686 shareholders via proxies, making it the most attended AGM event by shareholders in STO’s history.
Furthermore, the company reported a profit-after-tax of MVR478 million for 2021, which was a 33% improvement from the financial performance in 2020.
On Monday evening’s agenda, the company appointed one Mr. Abdulla Saeed into STO board of directors who will be representing the general shareholders.
Other components of the event included appointment of its external auditor and the approval of the annual report for 2021.