Ooredoo Board of Directors propose MVR 3.04 per share as dividend for 2022

The Board of Directors of Ooredoo Maldives has approved to recommend MVR 3.04 per share as dividend for 2022 to the company’s shareholders.

The decision was made by the directors during the first board meeting of the year held on Thursday,

This marks an increase by MVR 0.34 compared to 2021, when the dividend was declared as MVR 2.70 per share.

Ooredoo Maldives, in a statement, said that the dividend payout will be eligible for all persons including legal entities registered as shareholders of the company as of 14:00pm on February 16, 2023.

During Thursday’s board meeting, the directors also approved the audited financial statements of the company for the 2022, which will be published on Ooredoo’s website before the end of February 7.

Ooredoo said that the recommended dividend for 2022 and the audited financial statements of the company for 2022 will be submitted for approval of the shareholders during the Annual General Meeting (AGM) scheduled to take place on March.

The distribution of the dividend is subject the approval of the shareholders.