Dhiraagu, the largest telecommunications and digital service provider in the Maldives, has decided to distribute USD0.49 per share as the dividend.
The final dividend for the year was passed during the 35th Annual General Meeting (AGM) of Dhiraagu held at CROSSROADS Maldives. Dhiraagu revealed that a total of 125 shareholders were registered to attend the event, including 244 proxy shareholders.
The dividend will be paid to those who are registered as shareholders of the company. Dhiraagu recorded revenue of USD168 million in 2023, a 1.8% profit in comparison to 2022. Dhiraagu disclosed that this significant progress was attributed to initiatives implemented to expand its services. As such, the introduction of the fixed broadband and the strengthening of the mobile and enterprise segment, substantially contributed to the profits.
Furthermore, Dhiraagu revealed that that capital investments were increased to USD 40.7 million, a 31.7% compared to that of 2023. Proclaiming to have provided high speed Fiber to the Home (FTTH) to 94% of households, aiming to expand its services, Dhiraagu also affirmed that 5G services were also provided to 50% of the households. Moreover, the company has upgraded the domestic submarine cable of the nation by introducing four additional segments. On this stance, Dhiraagu highlighted that efforts were also exerted to enhance and strengthen the cybersecurity infrastructure as well.