Ooredoo Maldives Transfers Shares of Techfin to OFT International

Ooredoo Maldives has officially transferred 1,500,000 shares of its subsidiary, Techfin Maldives Pvt Ltd, to OFT International LLC. The decision was approved by the company’s shareholders during an Extraordinary General Meeting (EGM) held on December 15, 2024.

Techfin, incorporated in May 2024, was established to hold the Payment Service Provider Licence in line with the regulatory requirements of the Maldives Monetary Authority. By transferring these shares, Ooredoo Maldives aims to further strengthen its payment services division.

OFT International LLC, based in Qatar, is now the new shareholder, with the ultimate beneficial owner of both Ooredoo Maldives and OFT International being Ooredoo Q.P.S.C – Qatar.

Ooredoo Maldives continues to focus on enhancing its services, including payment solutions, to provide technological advancements that benefit customers and communities across the Maldives.