The State Trading Organisation, a state commercial enterprise, has approved a dividend distribution of USD 5.51 per share, the company announced, following a financial year in which the organisation recorded USD 1.01 billion in revenue and secured USD 49.49 million in net profit.
The resolution was passed through a shareholder vote during the company’s annual general meeting held Saturday evening, marking the 25th anniversary since the organisation first began selling shares to the public. Hosted at the dusitD2 Feydhoo Maldives, the gathering drew 263 shareholders, consisting of 176 individuals attending in person and 87 by proxy. The distribution represents the highest profit distribution to shareholders in recent history, according to the organisation, which distributed USD 5.19 per share in the previous year.
During the proceedings, the minutes for 2024 were formally approved, alongside the audited financial statements for 2025 and the directors' report. Ernst & Young was appointed as external auditor for the upcoming year, and Mohamed Ahsan Saleem was elected by shareholder vote to represent general shareholders on the board.
Because the company has conducted business in a sustainable manner over the past 60 years, its shareholders receive a substantial profit, Shimad Ibrahim, the company’s managing director, noted while speaking at the meeting. For those who purchased the initial shares, their capital has now increased by 500 per cent, Shimad added, noting that the investments made by the organisation are secure against inflation.
The company is currently operating under a five-year strategic action plan, the organisation stated, with expanding the business and increasing profits further remaining a primary objective.