Shareholders of the Maldives Transport and Contracting Company (MTCC) on Wednesday night approved a dividend of MVR 3 per share from last year's profits.
The dividend payout was approved at the company's Annual General Meeting (AGM) for 2023 as proposed by the MTCC's board of directors.
The directors' board proposed handing out MVR24,113,247 as profits.
In addition to the dividend, the appointment of Nasrath Mohamed and Mohamed Imran Adnan to the board to represent public shareholders was also approved at Wednesday night's AGM.
The government's appointments to the company's board of directors were:
- Mohamed Afeef Hussain
- Abdulla Ziyad
- Hassan Mughnee
- Ali Naail
- Sinan Ali
Deloitte was approved as MTCC's auditor.
