Dhiraagu shareholders on Sunday night approved a dividend payout of MVR 7.50 per share for last year.
The decision was made at the company’s 35th Annual General Meeting at Crossroads Maldives.
As proposed by the board of directors, a majority of the 335 shareholders who attended the meeting approved an interim dividend of MVR 1.66 per share and a final dividend of MVR 5.84 per share. This amounts to a total payout of about MVR 570 million.
Last year was a financially prosperous year for Dhiraagu. The company earned a profit of MVR 896 million from a total revenue of MVR 2.6 billion.
Dhiraagu is a telecommunications service provider with a majority stake owned by Bahrain’s Batelco. The Maldives government owns a minority stake with the rest of the shares held by the general public. Dhiraagu is the largest company in the Maldives in terms of market cap with a value of MVR 13.5 billion.
