Global Banking and Finance Award has recognised Ooredoo Maldives as the Best Investor Relations Company in Maldives.
Following the award, Chief Executive Officer (CEO) Najib Khan said Ooredoo is grateful to have received the honour by the Global Banking and Finance Awards. He stated the award stands testimony to the Investor Relations team's innovative efforts in ensuring first-rate communication between the company, investors and the financial community at large.
Ooredoo Maldives was listed on the Maldives Stock Exchange (MSE) in August 2017, through the largest and most successful Initial Public Offering (IPO) in Maldives, raising over USD 27.2 million which constitutes to over 14 million shares or 9.5% of the issued paid up shares of the company, and attracting 8,257 investors. It resulted in Ooredoo Maldives being one of the largest listed companies in the Maldives, and the entity with the largest free float adjusted market capitalisation on the MSE.
Global Banking and Finance Awards was launched in 2011 by UK based Global Banking and Finance Review magazine to recognise notable changes in the global financing community. The awards are presented annually and reflect the innovative, progressive, and inspirational changes taking place within the global financial sector, including banking, corporate finance, Islamic finance, inward investment, tax and accounting, asset management, mergers and acquisitions.
In addition to the recognition for investor relations, Ooredoo Maldives also closed 2018 with additional wins at the Maldives Business Awards, including the award for Foreign Direct Investment of the Year and Excellence in Information and Communication.