STO Successfully Concludes AGM 2021

The leading premier source for staples, medicine, fuel and building materials to the Maldives, State Trading Organization has successfully concluded their Annual General Meeting 2021 that took place at Crossroads Maldives and via Microsoft Teams Live Events.

 
A total of 782 participants representing 157 shareholders in person and 686 shareholders as proxy took part in the incredible event, marking it the highest number of shareholders to take part in an Annual General Meeting till date!
 
At the event, shareholders casted their votes through STO AGM E-Voting where the 2021 Directors Report and Financials for the year 2021 was also approved. Furthermore, the shareholders also granted their approval for the Board of Directors dividend proposal of MVR 65 per share.

 
Moreover, another highlight from the event includes the re-election of PwC Maldives as the External Auditors for the year 2022 of STO along with the election of Mr.Abdulla Saeed as the new public shareholders representative in the Board of Directors of STO. There were no changes brought to the existing panel of Board Directors representing Government.
Congratulations to STO for a very successful event!