Dhiraagu’s AGM approves MVR 6.20 per share as dividend

Dhiraagu, during its Annual General Meeting on Thursday, voted to distribute MVR 6.20 per share as dividend for the year 2021.

The MVR 6.20 dividend proposed by Dhiraagu’s Board of Directors passed with the vote of 96 percent of shareholders who attended the AGM.

MVR 6.20 per share comprised of MVR 2.07 per share paid as interim dividend in 2021 – and MVR 4,13 per share approved by shareholders as the final dividend at the AGM.

The meeting which took place at CROSSROADS Maldives Event Hall saw the participation of 85 shareholders representing 71.3 million shares.

Apart from the approval of dividends – public shareholders elected Mr. Ahmed Mohamed Didi as the new Public Director of the company during the AGM. As the only candidate, he received the votes of 84 shareholders.

Meanwhile, KMPG was approved as Dhiraagu’s auditor for a fee of USD 49,500

In 2021, Dhiraagu said that it earned a total revenue of MVR 2.5 billion – which is an increment by 1.8 percent compared to the year before.  They earned a net profit of MVR 813 million – which is an increment by 11 percent.

The telecom company attributed the improved performance for the year 2021 to the main increment coming from fixed broadband and enterprise services due to the economic recovery and improvement in the tourism sector.