The State Trading Organisation (STO) has approved a dividend of MVR 80 per share.

The decision was made at the company’s 2024 Annual General Meeting (AGM), following the endorsement of common shareholders.

The same dividend amount was declared during the 2023 AGM, marking MVR 80 as the highest payout per share in the past 17 years.

In 2024, STO reported a revenue of MVR 15.4 billion, with operating profit exceeding MVR 1 billion. The company recorded a net profit of MVR 741 million last year.

Additionally, Mohamed Ahsan Saleem was elected to the Board of Directors as a representative of common shareholders.