MTCC to become a public trading company

  • 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

K. Male' | Shan Anees | 30-September-2017 | Saturday 12:50 | twitter | Business | 698

The MTCC tower in capital city Malé -- Photo by: Mohamed Sharuhaan

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.

 



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