Ooredoo Maldives has been listed as a public company today, announcing plans to sell part of its shares to the local and international investors.
Ooredoo Maldives Plc. will be listed in the Maldives Stock Exchange through an Initial Public Offering (IPO) in March 2017.
<Quote from H.E Chairman of Ooredoo Group>
<Quote from H.E, Vice President of Maldives>
“Ooredoo has grown significantly over the past few years, and has transformed into a full-fledged telecommunication provider with its recently acquired ISP license. This year, Ooredoo is expected to contribute close to MVR 80 million in Business Profit Tax. Its contributions to the telecommunication industry of the Maldives (both in terms of technological infrastructure and available innovations) is an example of a successful Foreign Direct Investment in the Maldives and the positive impact it can have on the nation.