MTCC Welcomes Aboard Newly Elected Director to Represent Public Shareholders on the Board

Maldives Transport and Contracting Company Plc (MTCC) takes pride in being the first public company in the country. At present, the shareholding structure of MTCC as follows; the Government of Maldives is the majority shareholder of the company accounting to 62.20% shares, the general public owns 31.15% shares whereas Maldives National Shipping Limited (MNSL) owns 4.65% shares.       

An announcement was made by the Company on 05th October opening applications for interested candidates in filling the vacant seat remaining at its Board of Directors which is allocated to represent the general public. For this purpose, an Extraordinary General Meeting was called upon to vote and elect a Director which was held yesterday, virtually. The voting was facilitated by the Company’s digital platform; FahiVote


(Photo Credit: MTCC)

By securing 78% of the shareholders votes, Mr. Mohamed Imran of M. Mainz was appointed as one of the two Directors representing the general public at MTCC’s Board of Directors. In September this year, a Director representing the general public at MTCC’s Board of Directors had been appointed at an Annual General Meeting. 

(Cover Photo: MTCC)