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    Investor Relations

Who we are

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.

LinkedIn: https://www.linkedin.com/company/ooredoomaldives/
Twitter: https://twitter.com/ooredoomaldives
Facebook: https://facebook.com/ooredoomaldives
Instagram: https://instagram.com/ooredoomaldives
YouTube: https://youtube.com/ooredoomaldives
Website: https://ooredoo.mv

Mission

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

Vision

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

Mr. Damian Philip Chappell - Independent, Non-Executive Director

Mr. Damian Philip Chappell is the Chairman of Ooredoo Maldives effective from 1st April 2019 and is an Independent, Non-Executive Director.

Mr. Chappell currently serves as the Chief Consumer Officer ("CCO") at Ooredoo Qatar, and has more than 17 years' experience in the telecommunications industry. Since joining the Ooredoo Group in July 2008, he has held several senior positions including Marketing Director at Ooredoo Qatar and as a Director on the Board of Directors of Indosat Ooredoo. Mr. Chappell has significant experience in managing consumer business development, product development, marketing and operations.

Mr. Chappell has a Bachelors' Degree of Applied Science, Information Technology from the Swinburne University of Technology, Australia.

Mr. Najib Khan - Non-Independent, Executive Director

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.

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

Dr. A Hamid Mohd A Marafi is an Independent, Non-Executive Director and is also the Chairman of the Nomination and Remuneration Committee of Ooredoo Maldives.

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

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

Mr. Ian Grant Fenton is an Independent, Non-Executive Director and is also the Chairman of the Audit Committee of Ooredoo Maldives.

He 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 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).

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

Mr. Khalid Hassan M A Al-Hamadi is an Independent, Non-Executive Director and is a member of the Audit Committee and the Nomination and Remuneration Committee of Ooredoo Maldives.

He joined Ooredoo Qatar in 2008 and 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 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.

Uza. Dheena Hussain - Independent, Non-Executive Director

Uza. Dheena Hussain is an Independent, Non-Executive Director and is a member of the Nomination and Remuneration
Committee of Ooredoo Maldives.

She is a Founding Partner of the law firm Shah, Hussain & Co. Barristers and Attorneys.

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 1996, was called to the Bar by Lincoln’s Inn in 1997 and obtained a Master’s degree in Banking and Finance Law from the University of London in 2003.

Mr. Ahmed Zuhoor - Independent, Non-Executive Director

Mr. Ahmed Zuhoor is an Independent, Non-Executive Director.

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, 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 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.

Mr. Suresh Kalpathi Chidambaram – Non-Independent, Executive Director

Mr. Suresh Kalpathi Chidambaram is the Chief Financial Officer of Ooredoo Maldives and is a Non-Independent, Executive Director, effective from 17th September 2019.

Mr. Chidambaram has over 30 years of finance experience in various industries including manufacturing, retail and telecommunications. He joined the Ooredoo Group in 2008 and held the position of Senior Director, Investment Management until 2013. He was also the Chief Financial Officer at Ooredoo Global Services prior to his current role as CFO of Ooredoo Maldives. He has tremendous experience in financial operations and business planning.

Mr. Chidambaram holds a Master of Management Studies from Birla Institute of Science and Technology (B.I.T.S Pilani) and he is a member of the Institute of the Chartered Accountants of India.

Audit and Risk Committee

Composition
The Audit & Risk Committee (“ARC”) is established in accordance with the requirements of the Corporate Governance Code ("CG Code") issued by the Capital Market Development Authority of the Maldives.
The ARC is comprised of 3 (three) members for a term of 3 (three) years, all of whom are non-executive Directors, and the majority of whom including the Chairman of the ARC are independent as required by the CG Code.

Mandate
The ARC assists the Board of Directors in fulfilling its statutory obligations and advices them on the adequacy and effectiveness of internal controls, risk management, control and governance processes, ensuring the independence and objectivity of internal and external audit functions and the integrity of the Company’s financial statements.

Members
Mr. Ian Grant Fenton ARC Chairman/ Independent, Non-Executive Director
Dr. A Hamid Mohd A Marafi Member/ Independent, Non-Executive Director
Mr. Khalid Hassan M A Al-Hamadi Member/ Independent, Non-Executive Director
Ms. Maryam Al-Hamadi Secretary of the ARC

Nomination and Remuneration Committee

Composition
The Nomination and Remuneration Committee (“NRC”) is established in accordance with the requirements of the Corporate Governance Code (“CG Code”) issued by the Capital Market Development Authority of the Maldives. Ooredoo Maldives has combined the functions of the Nomination Committee and Remuneration Committee into one Committee since the Board of Directors were of the opinion that this would improve efficiency, considering the time, scope and expertise required to carry out the responsibilities of two separate Committee.
The NRC is comprised of 3 (three) members for a term of 3 (three) years, all of whom are non-executive Directors, and the majority of whom including the Chairman of the Committee are independent as required by the CG Code.

Mandate
The NRC is mandated with:
• Providing recommendations to the Board and to the Shareholders on Board appointments after a proper evaluation;
• Providing recommendations on remuneration packages for the Board and the CEO for approval of the Board of Directors;
• Review policies with respect to remuneration, pension, performance related pay schemes for prior approval of the Board of Directors.

Members
Dr. A Hamid Mohd A Marafi NRC Chairman/ Independent, Non-Executive Director
Mr. Khalid Hassan M A Al-Hamadi Member/ Independent, Non-Executive Director
Uza. Dheena Hussain Member/ Independent, Non-Executive Director
Ms. Arushee Mohamed Secretary of the NRC

Mr. Najib Khan- Chief Executive Officer and Managing Director

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. Suresh Kalpathi Chidambaram – Non-Independent, Executive Director

Mr. Suresh Kalpathi Chidambaram is the Chief Financial Officer of Ooredoo Maldives and is a Non-Independent, Executive Director, effective from 17th September 2019.

Mr. Chidambaram has over 30 years of finance experience in various industries including manufacturing, retail and telecommunications. He joined the Ooredoo Group in 2008 and held the position of Senior Director, Investment Management until 2013. He was also the Chief Financial Officer at Ooredoo Global Services prior to his current role as CFO of Ooredoo Maldives. He has tremendous experience in financial operations and business planning.

Mr. Chidambaram holds a Master of Management Studies from Birla Institute of Science and Technology (B.I.T.S Pilani) and he is a member of the Institute of the Chartered Accountants of India.

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 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 - Chief Commercial Officer

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.

Ms. Fazna Mansoor, Acting Director Human Resources and Administration

Ms. Fazna Mansoor joined Ooredoo Maldives in January, 2005 and currently holds the position of Acting Director Human Resources and Administration

Ms. Mansoor has over 20 years of extensive experience in the field of Human Resources having held key positions such as Senior Manager Human Resources and Head of Organizational Development at Ooredoo Maldives.

Ms. Mansoor holds a Master of Business Administrations (MBA) from Angelia Ruskin University, UK, and is a certified Global Talent Mobility Specialist.

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 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 - Director of Sales, Distribution & Brand

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 - Director Network & IT Planning

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 - Head of Strategy & PMO

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.

Wataniya International FZ-LLC

90.5%


Number of Shares
133,755,130

Public

9.5%


Number of Shares
14,045,271

Details 2016 2017 2018
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.

Ooredoo Maldives at a glance

430,000
Customer Base

Nationwide
4G+ Coverage

1200 km
Nationwide
Submarine Cable

MVR 1.8 Billion
Revenue in 2017

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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