Dhiraagu hosts it's 31st Annual General Meeting (AGM) on a virtual platform using ‘Fahivote’, an online General Meeting Management System developed by Maldives Security Depository Pvt Ltd.
This is also the first time a virtual AGM has been held through ‘Fahivote’.
With 68 shareholders in person and by proxy registered to attend and participate, the AGM concluded successfully as all proposed resolutions were passed successfully.
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In a statement, Dhiraagu said that the financial year 2019 was challenging on multiple fronts, including intense competition, increased cost of providing services, and changes to key systems.
It said that despite the multifaceted challenges, Dhiraagu continued to defend its market leadership position in all the key markets and product portfolio during the year.
It said that at the meeting, shareholders resolved to approve a full-year dividend of MVR 12.00 per share which compromises of MVR 4.14 per share paid as interim dividend in 2019 and MVR 7.86 per share approved by the shareholders as the final dividend during the 31st AGM.
Dhiraagu said that it achieved major milestones by launching the first 5G network in the Maldives and South Asia region, and became the first operator to roll-out Fibre Broadband services to 75% of the households in the country, enabling digital empowerment as part of it “Digital Raajje” initiatives.
The telecom giant said that it was also the first service provider in the Maldives to launch ultra-fast speeds of up to 1Gbps, which has now been extended to 13 islands.
Dhiraagu said that its digital transformation journey continued with the introduction of state-of-the-art technologies, products, and services to our customers.
The company noted that during the year, to cultivate a startup culture and foster innovation among potential young entrepreneurs, it has continued Dhiraagu Apprentice Program and has been organizing a number of workshops and startups together with its partner Sparkhub.
It sad that Dhiraagu Maldives Road Race (DMRR) raised money for 11 partner NGOs working in the area of child protection. DMRR also received Bronze Award for the ‘Best Use of Technology’ in Sports at the prestigious Sports Industry Awards Asia 2019 (SPIA).
Dhiraagu said that it remains committed to bridge communities across the country as the digital revolution continues to transform everyday experiences at homes, in offices, and on the go.
