Maldives’ longest running telecommunications provider, Dhivehi Raajjeyge Gulhun Plc, has set their dividends for last year at MVR 11.81 per share.
The public limited company, of which most shares are owned by a private company and the Maldivian government, announced this at their annual general meeting on Monday. A total of 53 individuals, representing 116 shares, were present.
The company, which operates under the acronym and brand name ‘DHIRAAGU’, made MVR 898 million in profits last year.
Dhiraagu distributed MVR 11.05 per in 2016, having made 840 million. The company was Maldives’ sole telecommunications since 1988, until Dubai-based Ooredoo Group, then Wataniya, was given license to operate mobile services in 2005.
It was also the only internet service provider from 1996 to 2003, when Raajje Online (ROL) was established.