K. Male' | Shan Anees | 30-September-2017 | Saturday 12:50 | twitter | Business | 698
The Maldies Transport and Contracting Company (MTCC) will become a public trading company, its board of directors has announced.
The state-operated company will hold an event to reveal this on Saturday night. The company is yet to announce which percentage of it is available for public purchase and what the prices of shares are.
MTCC had placed dividends at MVR 24 per share. The dividends were set after a vote from 99 percent of the company’s shareholders.
MTCC had made garnered 1.3 billion in 2016, with a profit of 115.3 million. However, this amount is 26 percent lower than that of 2015.
|1||MP Riyaz says terror charges raised to keep him out of politics|
|2||Manik mocks Naeemaatha: is it because she is a senior or a woman?|
|3||Terrorism tiral against ex-President's son-in-law Nadeem starts tomorrow|
|4||Two nominations for Maldives at World Spa Awards|
|5||Terrorism case against Riyaz and Areef: hearings scheduled for tomorrow|