Fri, 30 Jan 2026
|DHIVEHI
STO opens nominations for board director position
30 Jan 2026
|
State Trading Organization (STO) --- Photo: Maldives Financial Review
The State Trading Organization (STO) has opened nominations for a board directorship for the 2026–2027 term.
The position is an elected role, with the successful candidate to be appointed following approval at the company’s Annual General Meeting (AGM).
STO said applicants are required to be capable, experienced, and competent in areas relevant to the company’s operations. Several eligibility criteria have been set for candidates seeking nomination.
To qualify, candidates must be between 30 and 70 years of age and be registered shareholders of STO. Applicants are required to hold a bachelor’s degree in business or a related field with a minimum of five years’ work experience. Alternatively, candidates with a diploma must have at least 10 years of relevant professional experience.
In addition, candidates must not have been declared bankrupt by a court of law and must not have been convicted of a serious criminal offence.
STO said its Nominating and Remuneration Committee will conduct interviews and assess the qualifications of eligible candidates. The final appointment to the Board will be made through a formal election at the AGM.
The deadline for submitting application forms and required documents is 12 February 2025. Applications can be submitted to the STO Head Office or via email.