Authority, commission or agency
Maldives Securities Depository
In the news, last 90 days
Economy
MSD urges shareholders to convert paper certificates to digital shares
The Maldives Securities Depository has urged the roughly 37,770 shareholders still holding paper share certificates to convert them into electronic shares via its Infinity.mv platform. MSD CEO Noorban Fahmy said the move would modernise the capital market and protect investors' shares, while noting that registration alone does not convert certificates and that dematerialisation is a separate process.
Economy
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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