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MTCC shareholders approve MVR 3 per share dividend at annual general meeting
Maldives Transport and Contracting Company (MTCC) shareholders approved an MVR 3 per share dividend for the 2025 financial year at the company's Annual General Meeting, held virtually on Thursday evening. Shareholders also approved the audited financial statements, appointed Hussain Hassanfulhu as Non-Executive Independent Director, appointed Deloitte Partners as external auditor for the 2026 financial year, and endorsed amendments to the Articles of Association.
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Figures in these reports
as written, with the sentence they come from
MVR 5 eachShare face valueThe StandardAccording to MTCC, the dividend was approved for shares with a face value of MVR 5 each, representing a payout equivalent to 60 percent of the nominal share value.
Word for word from the report in The Standard. Open the report
60 percentPayout as percentage of nominal share valueThe Standardrepresenting a payout equivalent to 60 percent of the nominal share value.
Word for word from the report in The Standard. Open the report
59 shareholdersShareholders participating directlyThe StandardA total of 59 shareholders participated directly in the meeting, while another 14 were represented through proxies.
Word for word from the report in The Standard. Open the report
14 shareholdersShareholders represented through proxiesThe StandardA total of 59 shareholders participated directly in the meeting, while another 14 were represented through proxies.
Word for word from the report in The Standard. Open the report
5,602,272 sharesShares represented at the meetingThe StandardTogether, the participants represented 5,602,272 shares, accounting for 69.75 percent of the company’s total shareholding.
Word for word from the report in The Standard. Open the report
69.75 percentShareholding represented at the meetingThe StandardTogether, the participants represented 5,602,272 shares, accounting for 69.75 percent of the company’s total shareholding.
Word for word from the report in The Standard. Open the report