State Trading Organization plc (STO) was registered as a public company in August 2001 and 1,126,910 shares were issued. During the IPO in 2001, 2.44% of the shares were sold to general public with the state holding the rest.
A second offering took place in 2003, increasing the public ownership at STO to 7.71%, and a third in 2009 further increased that figure to 16.46%.
In 2010 the Government offered Provident Fund holders the option to use their savings to purchase state-owned share in public enterprises at a discount. Over 5000 additional state shares in STO were transferred to general public this way.
STO shares can be traded both ways through the Maldives Stock Exchange (MSE). MSE can be reached via phone at (960) 330 7878 and via email at [email protected] For more information about MSE please visit their website at www.mse.com.mv.
For further information on STO shares please contact the Company Secretariat via email at [email protected] or phone at (960) 3344 383.
STO continues to adhere to the best governance principles. Given below are company’s main policies on corporate governance.
Please use this form to raise your concern as a sharehoder, directly to the Company Secretary.
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