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Ooredoo Maldives Investors - Financial Reports and Investor Information

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Access comprehensive financial information, annual reports, and investor updates from Ooredoo Maldives. Stay informed about our performance and growth.

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Ooredoo is a leading international telecommunications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and South-East Asia.

WHO WE ARE

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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 assist people achieve their full potential, the Company has transformed the communications industry for the people of the Maldives. Ooredoo Maldives has remained a key innovator and driver of digital transformation in the Maldives and continues to deliver on its promise by introducing world class technologies and digital solutions, connecting people to endless possibilities.

As a community-focused company, we are extremely proud to have supported local and regional businesses across the industries including government institutions, individuals and private companies. Despite the challenges faced due to global inflation and supply chain impacting our business expansion, our customer base has increased and we now cater to a 405,000 subscriber base.

Ooredoo Maldives is a member of the Ooredoo Group, a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. In August 2005, Ooredoo Maldives entered the monopolised telecommunications service industry of the Maldives as Wataniya Telecom Maldives Private Limited with the aim to provide quality, affordable digital services to enrich the lives of the people across the nation.

The Company changed its registration to Ooredoo Maldives Public Limited Company on 6th October 2016, and became a public limited company, 90.5% of the issued shares of the Company are held by our largest Shareholder, Wataniya International FZ-LLC, while 5.64% are held by the Maldives Pension Administration office and 3.86% are held by other public Shareholders.

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

Our Mission

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

Our Vision

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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.

CORPORATE GOVERNANCE

Major Shareholding of Ooredoo Maldives Plc as of today.

MAJOR SHAREHOLDINGS

WATANIYA INTERNATIONAL FZ-LLC

MALDIVES PENSION ADMINISTRATION OFFICE

OTHER SHAREHOLDERS

TOTAL SHAREHOLDING OF THE COMPANY

Pursuant to the Corporate Governance Code of Maldives (“CG Code”), the Board of Directors of Ooredoo Maldives comprises of a mix of Executive, Non-Executive and Independent Directors, with most of the Non-Executive Directors being Independent Directors and one (1) of the two (2) Executive Directors being the CEO.

Composition of the Board

Ooredoo Maldives’ Board of Directors consists of a total of eight (8) Directors out of whom five (5) are Independent, Non-Executive Directors, one (1) is a Non-Independent Non-Executive Director and two (2) are Executive Directors.

Chairperson/ Independent, Non-Executive Director

Ms. Fatima Sultan Al-Kuwari

Mr. Khalid Hassan M A Al-Hamadi

Mr. George Bowring Challenor

Mr. Vikram Sinha

Ms. Dheena Hussain

Mr. Suresh Kalpathi Chidambaram

Ms. Moza Mohd A Y Darwish

Mr. Mohamed Shahid

The Audit and Risk Management Committee (the “ARC”) of Ooredoo Maldives was established in compliance with the Corporate Governance Code (“CG Code”) of the Capital Market Development Authority of the Maldives.

Audit and Risk Management Committee

Composition

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Members

The Nomination and Remuneration Committee (the “NRC”) of Ooredoo Maldives was established in accordance with the requirements of the Corporate Governance Code (“CG Code”) of the Maldives, to undertake all matters under its purview.

Nomination and Remuneration Committee

Our Team

Managing Director & Chief Executive Officer

Executive Director and Chief Financial Officer

Mr. M S Tanwar

Mr. Hussain Niyaz

Mr. Rajesh Mehta

Ms. Fazna Mansoor, Chartered FCIPD

Mr. Shabeen Ali

Mr. Hussain Zareer

Mr. Tushar Dhirwani

Mr. Franklin Estrada Agulto

Our latest financial reports and information

Financial information

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Notice & Agenda Items of Annual General Meetings

Annual General Meeting

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Notice & Agenda Items of Extraordinary Annual General Meetings

Extraordinary General Meeting 

Press Release

Ooredoo Maldives delivered a robust performance in Q1 2025

Ooredoo Maldives to hold its AGM on 9th March 2025 (English)

Conclusion of Annual General Meeting held in 2025

Ooredoo Maldives delivered robust topline performance in Q4 2024

Ooredoo Maldives to hold its AGM on 9th March 2025 (Dhivehi)

Conclusion of the Extraordinary General Meeting held In 2024

Ooredoo Maldives to hold an Extraordinary General Meeting (English)

Ooredoo Maldives to hold an Extraordinary General Meeting (Dhivehi)

Conclusion of Annual General Meeting held in 2023

Ooredoo Maldives achieved healthy growth for Q3 2024

Ooredoo Maldives to hold its AGM on 8th March 2023

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Ooredoo Maldives achieved strong results for the second quarter of 2024

Ooredoo Maldives achieved solid results in Q1 2024

Share Ooredoo Maldives opens invitation to apply for the post of Director on the Board of Directors

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Ooredoo Maldives opens invitation to apply for the post of Director on the Board of Directors

Conclusion of Annual General Meeting held in 2024

Ooredoo Maldives to hold its AGM on 7th March 2024 (Dhivehi)

Ooredoo Maldives delivered solid results in Q3 2023

Ooredoo Maldives to hold its AGM on 7th March 2024 (English)

Ooredoo Maldives delivered further solid growth in Q2 2023

Ooredoo Maldives continued a solid growth trajectory into Q4 2023

Ooredoo Maldives achieved robust growth in Q1 2023

Ooredoo Maldives achieved 5% Revenue Growth in Q4 2022

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Ooredoo Maldives achieves 7% revenue growth in Q3 2022

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Establishment of a Domestic Submarine Cable

Ooredoo Maldives reports revenue increase of 10% for Q2 2022

Ooredoo Maldives achieved robust growth in Q1 2022

Conclusion of Annual General Meeting held in 2022

Ooredoo Maldives to hold its AGM on 7th March 2022

Ooredoo Maldives achieved further growth in Q4 2021

Ooredoo Maldives re-opens applications for the post of Director on the Board of Directors

Ooredoo Maldives opens invitation to apply for the Post of Director on the Board of Directors

Ooredoo Maldives achieves robust growth in Q3 2021

Ooredoo Maldives achieves further growth in Q2 2021

Announcement of Q1 2021 Results of Ooredoo Maldives

Ooredoo Maldives successfully concludes its Annual General Meeting held in 2021

Ooredoo Maldives to hold its Annual General Meeting on Tuesday, 2nd March 2021

Announcement of Q4 2020 Results of Ooredoo Maldives

Announcement of Q3 2020 Results of Ooredoo Maldives

Announcement of Q1 and Q2 2020 Results of Ooredoo Maldives

Ooredoo Maldives successfully concludes its Annual General Meeting

Ooredoo Maldives to hold its Annual General Meeting

Establishment of International Fibre Optic Submarine Cable

Ooredoo Maldives achieves further growth in Q4 2019

Ooredoo Maldives Plc extends the deadline to submit applications for the post of Director on the Board of Directors to be elected by the general Shareholders

Ooredoo Maldives Plc opens invitation to apply for the post of Director on the Board Of Directors to be elected by the General Shareholders

Publication of Amended and Approved Memorandum and Articles of Association of Ooredoo Maldives Plc

Ooredoo Maldives successfully concludes the Extraordinary General Meeting

Ooredoo Maldives to hold an Extraordinary General Meeting

Ooredoo Maldives achieves robust growth in Q3 2019

Mr. Suresh Kalpathi Chidambaram appointed as Chief Financial Officer and Executive Director

Ooredoo Maldives achieves robust growth in Q2 2019

Resignation of Chief Financial Officer

Appointment of new Chairman

Ooredoo Maldives achieves strong results in Q1 2019

Appointment of new Managing Director

Conclusion of the Annual General Meeting

Ooredoo Maldives to hold 2019 Annual General Meeting

Distribution of 2017 Dividend

Conclusion of 2018 Annual General Meeting of Ooredoo Maldives Plc

Ooredoo Maldives to hold 2018 Annual General Meeting

Appointment of New Chief Financial Officer & Board Director

Conclusion of 2017 Annual General Meeting of Ooredoo Maldives Plc

2017 Annual General Meeting of Ooredoo Maldives Plc

Announcement of Annual General Meeting 2017

Ooredoo Maldives Plc. IPO - Commencement of Secondary Market Trading

Lodgment of Shares to Maldives Securities Depository

Ooredoo Maldives Plc. concludes the largest and most successful IPO in the Maldives

Allotment of shares for Ooredoo Maldives IPO

Supplement 2 to the Prospectus by Ooredoo Maldives

Supplement to the Prospectus by Ooredoo Maldives

Ooredoo Maldives Announces IPO Launch on 30th April

Ooredoo announces Exclusive Preview of IPO

Ooredoo Maldives prepares for an IPO

Announcement

2024 Annual Report Publication

2024 AGM Draft Minutes publication

Record Date/ Books Close Date for AGM to be held in 2025

Transfer of shares of Techfin Maldives Pvt Ltd from Ooredoo Maldives Plc to OFT International LLC

Appointment of a new Company Secretary

Publication of amended and approved Memorandum and Articles of Association

Publication of the Draft Minutes of the EGM held during 2024

Sale and transfer of Shares of Techfin Maldives Pvt Ltd from Ooredoo Maldives Plc to OFT International LLC

Record Date/ Book Closure Date for EGM to be held in 2024

Ooredoo Maldives obtains a Loan Facility

Appointment of a Chief Audit Executive

Publication of 2023 Annual Report

Ooredoo Maldives obtains a Loan facility

Proposed Dividend, Audited Financial Statements and Annual Report For 2023 (English)

Proposed Dividend, Audited Financial Statements and Annual Report For 2023 (Dhivehi)

Incorporation of a Subsidiary Company

Record Date / Book Close date for the AGM to be held in 2024

Download Document Appointment of Chief Technology Officer

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Appointment of Chief Technology Officer

Change in Network Affiliation of the External Auditor

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Appointment of a Chief Business Officer

Ooredoo Maldives obtains a loan from HSBC

Publication of 2022 Audited Financial Statements

Ooredoo Maldives invests to develop a Disaster Recovery Site and PEACE Cable Landing Station