Frequently Asked Questions

The Government of Maldives holds 919,869 shares with 81.37% shareholding in the Company, while the Public hold 207,041 shares with 18.63% shareholding.

There is no individual shareholder other than the Government, that hold up to 5% of the share capital.

STO is a Trading Company that provide fuel, construction materials, supermarket products, home appliances, staple food, medicine and medical equipment.

STO plc along with its majority owned subsidiaries form STO Group of Companies, where its business operations range from providing insurance services, LPG and medical gas, fuel distribution services, shipping and cargo vessel operations and manufacturing and selling of roofing sheets.

STO was incorporated as a Government Company, Athireemaafannun Trading Account (ATA), on 20th December 1964 and renamed as State Trading Organization on 9th June 1979. STO became a public listed Company in 2001.

STO is a listed company with limited liability.

STO and its subsidiaries have over 4,000 staff employed.

STO Head Office

Kanbaa Aisa Rani Hingun

Maafannu, 20345

Republic of Maldives

Tel: 1426


On 31st December of every year

You can obtain quarterly financial statements and annual reports from here .

  • Any resolution passed at an Annual General Meeting and Extraordinary General Meeting shall be by vote of the members.
  • Voting at all meetings of the Company shall be by show of hands where each member represent 1 (one) vote. In the event where members representing not less than 10% of the shares of the Company request, voting maybe conducted on poll basis. In this case each member shall be entitled to vote for each share held by him or her.
  • The chairman of the meeting shall be the sole judge as to the validity of every vote tendered at an Annual General Meeting or Extraordinary General Meeting and the results of the votes.
  • In case of any equality of votes at an Annual General Meeting or Extraordinary Meeting of the Company, the Chairman of the meeting shall be entitled to a casting vote in addition to his or her own vote or votes to which he or she is entitled as a member.

Issue Date Total ## of Shares Offered Issued Price ## of Shares Subscribed ## of Applications Received Government Shares Government % Public Shares Public %
15th Aug to 30 Sep 2001 111,555 MVR 300.00 26,040 1,046 1,040,000 97.56 26,040 2.44
01 Sep to 30 Sep 2003 50,000 MVR 400.00 60,870 1,240 1,040,000 92.29 86,910 7.71
25th Nov 2009 to 15th April 2010 138,472 MVR 400.00 113,012 1,154 926,988 82.26 199,922 17.74
Provident Fund Share issue by Govt MVR 400.00 7,119 204 919,869 81.63 207,041 18.37

Year Dividend per Share (MVR)
Year Dividend per Share (MVR)

At the Annual General Meeting

You can find the current share price from Maldives Stock Exchange

Copyright © State Trading Organization plc. All rights reserved.

STO Head Office Building, Kanbaa Aisa Rani Hingun, Maafannu, Malé 20345, Republic of Maldives
Tel: 1422
Email: [email protected]