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

We have officially marked a major milestone under our #EVOLVE2030 roadmap with the foundation concrete pouring ceremony for our upcoming new Multi-Story Warehouse in Hulhumalé.

This state-of-the-art facility is strategically engineered to enhance national supply chain logistics. Key features of the new multi-story warehouse include:

This project represents a significant step forward in our commitment to national development. By optimizing our storage infrastructure, we will directly lower operational costs and streamline supply chains. Ultimately, this ensures that essential goods reach every corner of the Maldives with greater efficiency.

STO lays foundation for a new multi-story warehouse in Hulhumalé

This major project will optimize our storage infrastructure, lower operational costs, and help ensure efficient distribution of essential goods across the Maldives

State Trading Organization plc successfully held its Annual General Meeting for 2025 at dusitD2 Feydhoo. The event gathered 263 shareholders, with 176 attending in person and 87 participating via proxy.

During the meeting, shareholders officially approved a dividend of MVR 85 per share for the financial year 2025. Additionally, Mr. Mohamed Ahsan Saleem was re-elected to the STO Board to represent public shareholders for the 2026–2027 term and Ernst & Young was appointed as the External Auditors for the year 2026.

STO shareholders approve MVR 85 dividend at 2025 AGM

The meeting was held at dusitD2 Feydhoo with the participation of 263 shareholders—176 attending in person and 87 represented by proxy

STO's 2025 Annual Report has been published. This report outlines the strategic challenges navigated over the past year while highlighting the significant milestones and progress achieved across our operations.

Annual Report 2025

We have published our 2026 1st Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

First Quarter Report 2026

We have published our 2026 1st Quarter Report

We have increased the price of our Diesel by MVR 3.62 and Petrol by MVR 2.51, per Liter, effective 5th March 2026.

Fuel Price Revision

We have increased the price of our Diesel and Petrol for the first time in nearly 4 years

Fuel Price Revision March 2026

STO is proud to announce the opening of a new People’s Choice retail outlet at Rain Coral Residence, Hulhumalé Phase 1. Inaugurated by Economic Minister Mohamed Saeed, the store meets growing customer demand for local accessibility.

The outlet stocks 23 basic staples and consumer brands People’s Choice. To enhance convenience, customers can now place orders in Malé for collection at the Hulhumalé store. This expansion reinforces STO’s commitment to providing affordable essential goods and high-quality retail services to the community, including price stability throughout Ramadan.

STO opens new Hulhumalé outlet

Bringing essential staples and our brands closer to the community

STO expands presence with new People’s Choice outlet in Hulhumalé

Under the magic of an "Enchanted Garden," STO Staff Awards 2025 honored our achievers, celebrated milestones, and lit up the stage with incredible entertainment. A beautiful celebration of talent, commitment, and the STO spirit.

STO Staff Awards 2025

A night of applauding our wins and cherishing our journey

We have published our 2025 4th Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Fourth Quarter Report 2025

We have published our 2025 4th Quarter Report

The new wholesale outlet is conveniently located on Boduthakurufaanu Magu near Malé North harbor to make it especially easy for our retail partners from the atolls.

STO Wholesale Center 2 opens in Malé

The new outlet eases access to our products for our retail partners and customers

STO opens a second Wholesale Center in Malé

STO and Hitachi celebrated 25 years of partnership with a special event in Malé. Attended by top officials from both sides, including the Japanese Ambassador to the Maldives, the ceremony highlighted their long-standing collaboration. STO honored top Hitachi customers and Hitachi unveiled its new "New Air" product range.

STO and Hitachi mark 25 years together

The ceremony was attended by top officials from both sides, including the Japanese Ambassador to the Maldives.

STO and Hitachi commemorate 25 years of successful partnership

STO has officially launched products from the renowned UK brand, Dyson, in the Maldives. The initial lineup includes popular hair care tools like hair dryers and straighteners, known for their heat protection technology, as well as Dyson vacuum cleaners.

During the launch event, STO collaborated with Ana's Salon to demonstrate the styling products. STO aims to make these high-demand items more affordable for Maldivians and plans to expand the its Dyson range in the future. The launch was coupled with introductory offers on all products introduced today.

STO introduces Dyson products

The initial launch includes Dyson's popular vacuum cleaners and hairstyling products

STO begins offering the popular Dyson brand of products

We have published our 2025 3rd Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Third Quarter Report 2025

We have published our 2025 3rd Quarter Report

STO has officially introduced and launched the sale of 

 at STO People’s Choice. The highly anticipated launch took place today during a special ceremony held at the STO People's Choice flagship outlet.

LG is a globally renowned brand, trusted by consumers for its quality and innovative electronics. This new addition to STO’s product portfolio expands the choices available to our customers.

To celebrate the launch, STO has rolled out the ‘

,’ allowing customers to purchase LG televisions at very special prices. Under this limited-time promotion, customers will receive a 

The introductory offer is valid until October 9, 2025. Customers are encouraged to visit STO People’s Choice soon to take advantage of the special pricing.

STO launches LG televisions

STO has officially introduced and launched the sale of LG-brand televisions at STO People's Choice

STO launches LG televisions with special introductory offer

We have published our 2025 2nd Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Second Quarter Report 2025

We have published our 2025 2nd Quarter Report

We had an incredible time at STO Aailee Haveeru—a heartwarming outdoor event filled with laughter, games, and unforgettable memories! The space at Henveiru Stadium came alive with game corners, joyful cheers, and the sound of little feet running around in delight.

A huge THANK YOU to all our amazing staff and their families for making it such a special gathering. Your love, energy and smiles turned this evening into a celebration of togetherness and fun.

Here’s to more moments like these that bring us closer—both as colleagues and as one big family!

STO Aaailee Haveeru

Every dedicated team member is a network of support that deserves to be celebrated. STO Aailee Haveeru, our outdoor family gathering turned out a huge success with all smiles and laughs from every corner.

Celebrating the bonds that make us whole

STO's Annual General Meeting of shareholders was held this evening at Barceló Nasandhura Malé, with a total 229 shareholders in participation including 162 in person and 67 as proxy. Some of the key highlights from #STOAGM2024:

STO AGM 2024

The meeting had the participation of 229 shareholders, with 162 attending in person and 67 represented by proxy.

STO hosts Annual General Meeting 2024

We have published our 2025 1st Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

First Quarter Report 2025

We have published our 2025 1st Quarter Report

STO's 2024 Annual Report has been published. The report offers a comprehensive overview of the challenges faced and the progress made during the year 2024.

Annual Report 2024

A 2018 study in the Maldives by GE Healthcare revealed a startling fact—a vast majority of our radiographers were foreign nationals. This sparked a mission to train locals and strengthen our healthcare system. STO and GE Healthcare partnered to launch the country’s first-ever radiography training program. In 2019, STO Training Institute was established and officially registered with the Ministry of Higher Education.

The course was announced in July 2022, with the first batch to be fully sponsored by STO, including their monthly allowance. A total of 94 applicants competed for the 25 slots. After a thorough screening and selection process, 25 students began their training in October 2022.

The program included 2 years of theory and 6 months of hands-on clinical experience in five major hospitals in the Maldives. Students underwent motivational training, customer care prep, and clinical placements. By February 2025, their internships were complete, earning praise from their supervisors for both skill and professionalism.

Out of the 25 students, 23 successfully graduated and are now ready to serve across the nation. Two of them have already begun their career, working in the atolls.

The graduation ceremony for the first ever locally trained radiographers in the Maldives was honored by the Minister of Health H.E. Mr. Abdulla Nazim Ibrahim as the Chief Guest. Our Managing Director, Mr. Shimad Ibrahim also took the stage at today’s historic ceremony, reaffirming STO’s commitment to nurturing more local talent and transforming the healthcare system from within.

We applause all 23 graduates as we celebrate their hard work, pioneering spirit, and eagerness to learn. We are honored to have played a role in nurturing their career.

Graduation of radiographers

STO is proud to celebrate the successful graduation of the first batch locally trained radiographers as a huge step forward for our healthcare system

Graduation of the first-ever locally trained radiographers

We have reduced the shed price of our Petrol by MVR 0.48 per Liter, effective 23rd March 2025. This is our 6th consecutive petrol price reduction beginning in August 2022.

Price Reduction of Petrol

We have reduced the price of our Petrol for the 6th consecutive time

Petrol Price Reduction March 2025

The Privatization and Corporatization Board has appointed Ms. Aishath Fazeena / Bilaiymaage, Gdh.Gadhdhoo as a director of the Company.

Change to the Board of Directors

The PCB has appointed Ms. Aishath Fazeena as a director of STO

Change to the Board of Directors of State Trading Organization plc | 20250311

We have published our 2024 4th Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Fourth Quarter Report 2024

We have published our 2024 4th Quarter Report

STO Leaders Forum is a gathering of our management team and operational leaders from across the nation to address challenges, streamline operations, and enhance cross departmental collaborations. The annual exercise is focused on driving operational excellence and aligning our efforts.

Leaders Forum 2025

Uniting leaders to drive operational excellence

STO Leaders Forum 2025

The most awaited evening of the year for our team concluded with a fanfare of entertainment and celebration, honoring the incredible talent, dedication, and hard work of #TeamSTO.

Staff Awards 2024

An evening of recognition, celebration, and memories

STO Staff Awards 2024

Our Board Director Mr. Mohamed Murad (Ma. Dhadi Koshee Irumatheege) has submitted his resignation, effective today.

Resignation of Board Director Mr. Mohamed Murad

Mr. Murad's resignation is effective 7th January 2025

We opened the new STO Maafannu Pharmacy today on the main road of Majeedhee Magu. Housed on two stories, it has a modern concept design and offers a wide range of medical products and equipment for healthcare facilities, home care, and personal care.

The pharmacy will ease access to medicine for the patients served by the many clinics in the area. The outlet also features a special counter for wholesale customers.

STO opens new pharmacy in Maafannu

The new pharmacy on a major road will ease access to medicine for patients and improve service to our resellers via a special wholesale counter.

We have published our 2026 3rd Quarter Report today. Our quarterly and annual reports are available in the Investors section of our corporate website.

Third Quarter Report 2026

We have published our 2026 3rd Quarter Report

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