MTCC Announces MVR 4 Dividend per Share for Shareholders

The Maldives Transport and Contracting Company (MTCC) has declared a dividend of MVR 4 per share, with a face value of MVR 5, to its shareholders for the fiscal year 2022. The decision, made at MTCC's special general meeting held recently, underscores the company's commitment to rewarding its shareholders for their continued support and investment.
A total of 47 shareholders participated in the meeting via 'Fahivote', demonstrating active engagement and interest in the company's financial matters. The current board of directors, upholding the decision made by the former chairman, convened the meeting to discuss dividend repayment for the year 2022.
During the meeting, proposed amendments to the company's memorandum and articles of association received approval from the shareholders, reflecting a collaborative effort to ensure the company's operational efficiency and regulatory compliance.
MTCC's robust financial performance in 2022 is evident from its net profit of MVR 196 million after tax. This profitability not only highlights the company's strategic management and operational prowess but also positions it as a reliable and stable investment opportunity for shareholders.
The announcement of the MVR 4 dividend per share underscores MTCC's commitment to creating long-term value for its shareholders. By sharing its profits with investors, MTCC aims to strengthen investor confidence and foster a mutually beneficial relationship with its shareholders.
MTCC's generous dividend payout is a testament to its financial strength and stability, reaffirming its position as a leading player in the Maldivian business landscape. Shareholders can anticipate tangible returns on their investment, reflecting the company's dedication to delivering value and maximizing shareholder wealth.
As MTCC continues to execute its strategic initiatives and drive growth across its various business segments, shareholders can look forward to continued prosperity and value creation in the years ahead. With a solid track record of success and a clear vision for the future, MTCC remains poised for sustained growth and excellence in the Maldives' business ecosystem.