The Privatization and Corporatization Board has appointed Mr. Ahmed Imdhaah Mohamed

G. Maakalhi as a director of Company effective 20th October 2026.

Ahmed Imdhaah Mohamed is a registered Quantity Surveyor and the Managing Director of Core Construction Pvt Ltd, where he oversees the company’s construction and design projects. He holds a Bachelor of Quantity Surveying (Honours) from IIUM and an MBA with distinction from Open University Malaysia.

With nearly two decades in the Maldivian construction industry, including 15 years as Director of Tekton Design Associates, he has delivered cost consultancy, tendering, and project management services across resorts, housing developments, mixed-use buildings, and guesthouses. He is known for combining strong cost control and planning skills with hands-on leadership of project teams.

New Board Director appointed

The Privatization and Corporatization Board has appointed Mr. Ahmed Imdhaah Mohamed / G. Maakalhi as a director of Company

PCB appoints a new Director to State Trading Organization plc

We have published our 2026 2nd Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Second Quarter Report 2026

We have published our 2026 2nd Quarter Report

We have hosted our Informal Shareholders Meeting at Hotel Jen, bringing together our leadership and valued investors for an open, collaborative dialogue. The highlight of the session was an engaging discussion on our EVOLVE2030 strategic roadmap, laying out the vision for STO's future growth and sustainability.

These gatherings are incredibly valuable to us, giving us a space to connect with our shareholders outside the formal structure of our regular AGMs. We deeply appreciate the continued trust and partnership as we shape the future of STO together.

STO connects with investors at Informal Shareholders Meeting 2026

The meeting brought together our public shareholders to discuss the company’s EVOLVE2030 strategic roadmap and future growth plans

We have officially opened the newly designed first floor of our flagship STO People’s Choice outlet in Malé. This major expansion marks a new chapter for the retail hub, significantly boosting the shopping experience for our customers.

The newly upgraded floor is now open to the public during standard showroom hours. Visitors can explore the comprehensive new product lines immediately.

STO opens new floor at People’s Choice Malé outlet

The new space features an expanded, curated layout for home decor and improvement essentials

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PCB appoints a new Director to State Trading Organization plc

Second Quarter Report 2026

STO connects with investors at Informal Shareholders Meeting 2026

STO opens new floor at People’s Choice Malé outlet

Announcements

Appointment of a new Director to State Trading Organization plc