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Who we are

Ooredoo Maldives Plc. (“Ooredoo Maldives”, “OMPL”, or the “Company”) provides a wide range of innovative voice and data 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 Maldives has transformed the telecommunications 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.

The Company is part of the Ooredoo Group, an international telecommunications service provider with a customer base of over 138 Million spread across 10 countries as at December 31, 2016. The “Ooredoo” brand has been valued at USD 3.1 Billion and recognized amongst the world’s top fifty most valuable telecommunications brand by the leading intangible asset valuation consultancy, Brand Finance, in their “Telecoms 500 2017” report published on February 27, 2017.

Website: ooredoo.mv
Facebook: facebook.com/OoredooMaldives
Twitter: twitter.com/OoredooMaldives
LinkedIn: linkedin.com/company/ooredoomaldives

 

Mission

To provide world class, innovative communication products and services to the people of, and visitors to the Maldives.

Vision

Enriching people’s lives as a leading international communications company.

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Mr. Khalid Ibrahim A Al-Mahmoud - Independent, Non-Executive Director

Mr. Khalid Ibrahim A Al-Mahmoud is the Chairman of the Board of Directors of Ooredoo Maldives as well as the Managing Director. He also serves as Group Chief Officer of Ooredoo Group’s Small and Medium Businesses Unit, which oversees a number of Ooredoo Group companies. He is also the Vice Chairman of the Board of Wataniya Mobile Palestine and has also served on various Boards including as the Chairman of Ooredoo Algeria, Vice Chairman of Ooredoo Oman, Chairman of PTC (Bravo) Saudi Arabia and Chairman of Wi-Tribe Pakistan.

Since joining the Ooredoo Group in 1989, Mr. Al-Mahmoud has a held number of key positions in Qatar and abroad including as the COO of Ooredoo Oman, Head of Qatar ISP and Corporate Data Services Business Unit, Head of Product Development and Communication and Head of IT of Ooredoo Qatar.

Mr. Al-Mahmoud holds a Bachelor of Science in Computer Engineering from the University of Pittsburgh, United States of America.

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Mr. Najib Khan - Non-Independent, Executive Director

Mr. Najib Khan is the Chief Executive Officer (“CEO”) of Ooredoo Maldives, effective from 4th April 2017, having joined the Ooredoo Group in November 2014 as a Senior Director in the Commercial Division. He took over the leadership of the Company’s management team as it moved into public life and brought a rich experience of over 25 years in the telecoms sector including his role as a CXO for nearly 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.

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Dr. A Hamid Mohd A Marafi - Independent, Non-Executive Director

Dr. A Hamid Mohd A Marafi joined Ooredoo Qatar in July 2009 as Director – Quality and Business Processes. In 2012, the Board of Ooredoo Group assigned Dr. Marafi to work in Ooredoo Kuwait, where he undertook different roles from establishing a Business excellence office to handling PMO and Customer Experience and eventually heading the Strategy and CEO Support Office. In 2017 he was assigned to Head the ERM at the Ooredoo Group. Prior to joining the Ooredoo Group he held the positions of Assistant Professor and Acting Vice Dean at Qatar University. Dr. Marafi is also the Chairman of the Company’s Nomination and Remuneration Committee.

Dr. Marafi holds a PhD in Mechanical Engineering from Hertfordshire University, United Kingdom.

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Mr. Ian Grant Fenton - Independent, Non-Executive Director

Mr. Ian Grant Fenton has been with the Ooredoo Group since 2008. He currently serves as the Executive Director Group Finance and Taxation. Mr. Fenton oversees Group Statutory Reporting, Financial Earnings Release and Group Tax Function. Mr. Fenton is also the Chairman of the Company’s Audit Committee.

Mr. Fenton holds a Bachelor of Commerce (Finance, Accounting and Systems) from the University of New South Wales, Australia and is also a Certified Public Accountant (CPA – Australia).

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Mr. Khalid Hassan M A Al-Hamadi – Independent, Non-Executive Director

Mr. Khalid Hassan M A Al-Hamadi joined Ooredoo Qatar in 2008.

Mr. Al-Hamadi currently is a Senior Director in Consumer Sales at Ooredoo Qatar. He brings a rich experience of over 15 years in the Oil and Gas industry with international experience and he has also worked with General Electric in Florence, Italy. He used to be the Head of Planning and Strategy and was the key to implementing the reorganization initiative in Sales and Service with passion and commitment to take this department to higher levels.

Mr. Al-Hamadi has a Bachelor of Science in System Engineering from the University of Arizona.

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Mr. Ahmed Zuhoor - Independent, Non-Executive Director

Mr. Ahmed Zuhoor was elected as a Director by the General Shareholders at the 2017 Annual General Meeting of Ooredoo Maldives held on Sunday, 1st October 2017. He is currently the Chief Executive Officer and a Board Director of the State Electric Company Limited and also serves as the Representative Governor to the World Bank from Maldives.

He has previously held the portfolio of the Commissioner General of Customs, the Minister of Health, the Minister of Youth and Sports, the Minister of Home Affairs and the Minister at the President’s Office and the Chair of the Economic and Youth Council in the Maldives.

Mr. Zuhoor has tremendous experience in executive management and business development having served as General Manager and Chief Engineer in various companies.

He holds a Master’s of Accounting and Financial Management from La Trobe University, Australia, a Master of Business Administration from La Trobe University, Australia, a Master of Science from the World Maritime University, Sweden. He is also a Marine Engineer Class One from the Royal Melbourne Institute of Technology, Australia and Engineering Competency Class One Unlimited, Australian Maritime Safety Authority.

Uza. Dheena Hussain - Independent, Non-Executive Director

Uza. Dheena Hussain is a Founding Partner of the law firm Shah, Hussain & Co. Barristers and Attorneys. She was Managing Partner of the firm from 1999 to 2011 and is currently a Senior Partner.

Ms. Hussain has also served the Government of Maldives in a number of capacities; including postings with the Ministry of Defence and National Security and the Maldives Police Service. She was also a member of the Drafting Panel of the Special Majlis (Constitutional Assembly) which drafted the 2008 Constitution of the Maldives.

Ms. Hussain is licensed to practice before the courts of the Maldives including the Supreme Court of the Republic of Maldives. She graduated in Law from the University of Birmingham in 1995, was called to the Bar by Lincoln’s Inn in 1998 and obtained a Master’s degree in Banking and Finance Law from the University of London in 2003.

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Mr. Thavabalan Poobalasingam - Non-Independent, Executive Director

Mr. Thavabalan Poobalasingam currently serves as the Chief Financial Officer (“CFO”) of Ooredoo Maldives effective from 3rd December 2017.

Mr. Thavabalan brings with him over 25 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 17 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. Najib Khan- Chief Executive Officer

Mr. Najib Khan is the Chief Executive Officer (“CEO”) of Ooredoo Maldives, effective from 4th April 2017, having joined the Ooredoo Group in November 2014 as a Senior Director in the Commercial Division. He took over the leadership of the Company’s management team as it moved into public life and brought a rich experience of over 25 years in the telecoms sector and worked as a CXO for nearly 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 - Chief Financial Officer

Mr. Thavabalan Poobalasingam currently serves as the Chief Financial Officer (“CFO”) of Ooredoo Maldives effective from 3rd December 2017.

Mr. Thavabalan brings with him over 25 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 17 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 operations 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 - Chief Technology Officer

Mr. M. S. Tanwar has served as the Chief Technology Officer of Ooredoo Maldives since July 2016 onwards. Prior to that, 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 26 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 - Chief Commercial Officer

Mr. Balaji Srinivasan has served as the Chief Commercial Officer of Ooredoo Maldives from November 2015. Mr. Srinivasan 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. Srinivasan 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 Manangement Studies, India.

Mr. Mohamed Shahid - Director Human Resources & Administration

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 Defense 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, Director Finance

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 over 12 years’ 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.

Mr. Hussain Niyaz - Director Sales, Distribution & Brand

Mr. Hussain Niyaz joined Ooredoo Maldives in April 2005, and currently serves as Head of Sales.

Mr. Niyaz has over 13 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 and Leadership Development Training from Centre for Creative Leadership, Singapore.

Wataniya International FZ-LLC

90.5%


Number of Shares
133,755,130

Public

9.5%


Number of Shares
14,045,271

Details 2016 2017
Dividend per Share MVR 2.75 per share MVR 3.20 per share
Total dividend 406,451,102.75 472,961,283.20
Profit After Tax MVR 491,336,000 MVR 580,427,000

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.

21st August 2017
Invitation to apply for the post of Director on the Board of Directors of Ooredoo Maldives Plc.
23rd October 2017
Chairman Mr. Khalid Ibrahim Al Mahmoud has been appointed as the Managing Director.

Ooredoo Maldives at a glance

400,000
Customer base

Nationwide
4G+ Coverage

1200 km
Nationwide
Submarine Cable

MVR 1.6 billion
Revenue in 2016

Contact Us

 

Ms. Arushee Mohamed
Head of Investor Relations

Ooredoo Maldives Plc
H. Sunleet, 7th Floor,
P.O. Box 2196, Boduthakurufaanu Magu
Malé, Republic of Maldives
T: +960 961-1657
F: +960 961-1001
E: investor.relations@ooredoo.mv

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