Maldives Transport and Contracting Company MTTC shareholders decide to pay MVR 2 per share at the company annual general meeting AGM held virtually today.

In the AGM, MTCC shareholders also approved its 2019 Directors Report and Financials for 2019 as well as the minutes of the 2018 AGM.

Also, in the Annual General Meeting of MTCC, its shareholders gave the green signal to appoint Price water House Cooper PWC as its external auditor.

The AGM held via ‘Fahivote’ was attended by 25 participants. MTCC said that through proxy 42 shareholders were represented and that 67 shareholders were present at the AGM. It also said that this amounts to MVR 5,550,390 worth shares.

In the AGM, MTCC announced the government’s appointees to its Board of Directors. This includes Mohamed Faheem (Chairman), Adam Azim (CEO), Shahid Hussain Moosa (Executive Director), Sinan Ali (member), and Mohamed Fareed (member).

Nasrath Mohamed was appointed as a director to represent public shareholders at MTCC.