Ooredoo Maldives changed to a public limited company

Telecommunications company in Maldives, Ooredoo Maldives have been changed to a public limited company and has been officially listed at the Maldives Stock Exchange.

At a special ceremony held at Dharubaaruge, the official listing certificate at the stock exchange was presented to Ooredoo Maldives.

The certificate was presented by the Chairman of the Maldives Stock Exchange, Alaau Ali. The certificate was accepted by the Chairman of the Ooredoo Group, Sheikh Abdullah bin Mohammed bin Saud Al Thani.

Ooredoo was introduced to the Maldives in 2005 by the name of Wataniya Telecom Maldives. But with the re-branding of it’s parent company, Qatar’s Qtel Group to Ooredoo, Wataniya Telecom Maldives was re-branded to Ooredoo Maldives in the December of 2013.

Speaking at the ceremony tonight, the CEO of Ooredoo Maldives Public Limited, Vikram Sinha said that while 11 years have passed since Ooredoo began operations in the Maldives, the company began trade profiting nine years later in 2014 and the income of the company has been rising annually by 40 percent.

CEO Vikram said that Ooredoo Maldives have become a Maldivian company and it is an honor to have the Ooredoo international brand listed in the Maldives Stock Exchange.

Aside from the Chairman of the Ooredoo Group, Sheikh Abdullah bin Mohammed bin Saud Al Thani, CEO of Ooredoo Group, Sheikh Saud bin Naasir al Thani was in attendance along with some of the State Minsters of the Maldives.