- Board of Directors
- Our Team
- Major Shareholdings
- Financial Statements & Highlights
- Memorandum of Association
- Articles of Association
- Corporate Governance
- Annual General Meeting 2017
- Annual General Meeting 2018
- Annual General Meeting 2019
- Press Release
Ooredoo Maldives provides a wide range of innovative voice, data, broadband, content and enterprise services tailored to the growing needs of today’s consumers and businesses. Guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential, Ooredoo has transformed the communications industry for the people of the Maldives.
The Company launched its operations in the Maldives on August 01, 2005 as Wataniya Telecom Maldives Private Limited, a subsidiary of National Mobile Telecommunications Company K.S.C.P (“NMTC”). The Company is the second licensee to be issued with a mobile telecommunications service provider license in the Maldives. As part of the rebranding strategy carried out by the Ooredoo Group, the Company changed its name to Ooredoo Maldives Private Limited on December 22, 2013. The Company changed its legal status to that of a public limited company on October 06, 2016 and was accordingly re-registered as Ooredoo Maldives Public Limited Company.
With the aim to open up the opportunities of the digital age to local communities and businesses, the company continues to invest in the most advanced technologies and innovations, providing the first and fastest nationwide 4G+ network in the Maldives. Ooredoo Maldives generated revenues of MVR 1,951 mn and a Profit after Tax of MVR 545 million as of 31st December 2018.
The Company is part of the Ooredoo Group, an international communications company operating across the Middle East, North Africa and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks. Ooredoo generated revenues of USD 8.2 billion as of 31st December 2018. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
Mr. Najib Khan is the Chief Executive Officer (“CEO”) of Ooredoo Maldives, since April 2017 and is a Non-Independent, Executive Director. He is also the Managing Director of the Company effective from 3rd March 2019.
Mr. Khan took over the leadership of the Company’s management team during its successful IPO launch. His tenure has seen acceleration in the Digitalization of the market and Ooredoo Maldives. Under his leadership the Company
has pioneered digital access for consumers through many path breaking digital apps like Magey Plan, AI based BOT,
enrichment of Ooredoo App and Business Apps for Digitalization of resorts. In an era of Digital economy, the m-Faisaa app for utility payments and democratization of broadband service through Faseyha Home Broadband has provided access to a digital lifestyle for homes and businesses.
He joined the Ooredoo Group in November 2014 as a Senior Director in the Commercial Division. He has experience of nearly 26 years in the telecoms sector including his role as a CXO for about 9 years in various departments of Bharti Airtel Limited in India. Mr. Khan has significant experience in managing B2B, Wholesale and B2C commercial activities with an impressive skill set spanning operations, product P&L management and business development.
Mr. Khan has a Bachelor of Science in Industrial Electronics Engineering from Mumbai University.
Mr. Thavabalan Poobalasingam is the Chief Financial Officer (“CFO”) of Ooredoo Maldives since December 2017 and is a Non-Independent, Executive Director.
Mr. Thavabalan has nearly 26 years of international experience in various finance roles based in Qatar, Myanmar and Malaysia. His finance experience spans across various multinational groups in the Telecom, IT, Banking, Oil & Gas
and Manufacturing industries, of which approximately 18 years was spent within the Telecommunications industry.
He joined the Ooredoo Group in 2008 and held the role of Director Finance & Taxation before moving to Ooredoo Myanmar as Financial Controller of a greenfield operation in 2013, his last role prior to assuming the current role as
CFO of Ooredoo Maldives.
Mr. Thavabalan is a member of the Association of Chartered Certified Accountants (“ACCA”), UK.
Mr. M. S. Tanwar has served as the Chief Technology Officer of Ooredoo Maldives since July 2016 onwards.
Prior to joining Ooredoo Maldives, he worked with Ericsson, Nokia and Tata in India, Africa and Europe serving large telecommunications companies such as Airtel India, Airtel Africa, H3 Ireland, Open Eir Ireland and Vodafone India. With over 27
years of experience in telecommunications services, he possesses vast knowledge and rich experience in R&D, network engineering, projects, operations and business development.
Mr. Tanwar holds a Bachelor’s Degree in Electronics and Communications Engineering and a Master’s in Business Administration in Operations Management. He has also completed post-graduate education in Marketing Management. He successfully completed the Leadership Development Program from the Indian School of Business, Lead Auditor of Quality Systems from Cranfield University, UK and an Executive Leadership Program from PDI Sweden.
Mr. Balaji Srinivasan has served as the Chief Commercial Officer of Ooredoo Maldives from November 2015.
Mr. Balaji has over 23 years of commercial experience. He has held leadership positions in companies such as IDEA Cellular Limited and Essar Telecom Kenya Limited. He has also held roles and responsibilities as Director Marketing and Customer
Experience, handling all telecom marketing verticals and customer service delivery in addition to Mobile Money and Enterprise Solutions for Essar Telecom Kenya Limited.
Prior to his current appointment, he held the post of Vice President, Marketing at IDEA Cellular Limited.
Mr. Balaji holds a Bachelor of Commerce Degree from Madras University and is currently pursuing his Post Graduation in Business Management from the Narsee Monjee Institute of Management Studies, India.
Mr. Mohamed Shahid joined Ooredoo Maldives in August 2008, and currently holds the position of Director - Human Resources and Administration.
Prior to joining Ooredoo Maldives, Mr. Shahid worked at the Coast Guard of the Maldives National Defence Force for 14 years, where he held key roles and responsibilities in managing the Operations Department, Training and HR Department.
Mr. Shahid holds a Master of Business Administration with a major in Entrepreneurship. In addition to this, he has undergone training in various areas of HR, covering Performance Management and Succession Management from UNI Strategic Singapore, Compensation and Reward Management, Job Evaluation Analysis and Design from IIR Dubai, and Strategic Human Resource Management from the National University of Singapore.
Mr. Hussain Zareer joined Ooredoo Maldives in May 2005, and currently serves as Director Finance.
Mr. Zareer has more than 20 years of experience in Financial Management in different sectors and nearly 14 years of experience in the telecommunications sector, having held key positions such as Acting Operations Controller and Financial Controller of Ooredoo Maldives. Prior to joining the Telecom industry, Mr. Zareer worked in the Public Sector and Tourism Sector for more than 8 years.
Mr. Zareer holds an Advanced Diploma in Management Accounting and is an Associate Member of the Institute of Financial Accountants, United Kingdom and the Institute of Public Accountants, Australia. He has also completed the Ooredoo Leadership Development Program which was conducted by the Ooredoo Group in partnership with IMD.
Mr. Hussain Niyaz joined Ooredoo Maldives in April 2005, and currently serves as Director of Sales, Distribution and Brand.
Mr. Niyaz has nearly 14 years of experience in the telecommunications sector. He began his journey with Ooredoo Maldives as an RNE Technician, progressing onto senior roles such as Manager - Network Planning and Optimization, Head of Networks, Head of Sales, and Director Sales & Distribution.
Prior to joining Ooredoo Maldives, Mr. Niyaz worked for 12 years at the Maldives National Defence Force in the Communication, Electronics and IT Department.
Mr. Niyaz holds an Executive Masters in Telecom Management and in addition has completed training on Electronics and Communications at Fort Gordon - United States Army, Leadership Development Training from Centre for Creative Leadership, Singapore and has completed the Ooredoo Leadership Development Program which was conducted by the Ooredoo Group in partnership with IMD.
Mr. Shabeen Ali joined Ooredoo Maldives in May 2005, and currently serves as Director Network & IT Planning.
Mr. Shabeen has over 26 years of work experience in the Technology field which includes 13 years in the Telecom sector. He began his journey with Ooredoo Maldives as a technician progressing to senior positions such as Head of Operations, Head of Planning and Operations.
Prior to joining Ooredoo Maldives, Mr. Shabeen worked at the Maldives National Defence Force for 13 years in the Communication, Electronics and IT Department.
Mr. Shabeen holds an Executive Masters in Telecom Management and in addition completed training on Electronics and Communications at Fort Gordon - United States Army, and has completed a Leadership Development Program at CCL, Singapore.
Mr. Prasanna Uchil joined Ooredoo Maldives in September 2017 and currently serves as Head of Strategy & PMO.
Mr. Uchil has over 17 years of experience in the telecom space in various capacities, leading teams in a matrix setup overlapping Project Management, Strategy, Business Development & Marketing. He has previously worked at companies such as TATA Communications, Reliance Infocomm and Global Cloud Xchange.
Mr. Uchil holds a Masters’ Degree in Management Studies and a Bachelors of Engineering from Mumbai University.
|Dividend per Share||MVR 2.75 per share||MVR 3.20 per share||MVR 3.22 per share|
|Total dividend||MVR 406,451,102.75||MVR 472,961,283.20||MVR 475,917,291.00|
|Profit After Tax||MVR 491,336,000||MVR 580,427,000||MVR 544,772,000|
Ooredoo Maldives ensures material compliance with the requirements of the Corporate Governance Code developed by the Capital Market Development Authority (CMDA) of Maldives. In addition, the Company is committed to achieve and promote high standards of accountability and corporate conduct. In this regard, the Company follows international best practices and has established corporate governance practices internally to enhance corporate performance.