Telecommunication giant, Ooredoo Maldives has been awarded Best Investor Relations Company in Maldives, by the 2018 Global Banking and Finance Awards.
Shares of Ooredoo Maldives were officially listed on Maldives Stock Exchange during August 2017, through the largest and most successful IPO in Maldives. 14,045,260 shares were bought by 8257 investors through the Ooredoo IPO, generating a revenue of MVR 421,357,800, accounting for 9.5% of company shares. The IPO, where 8257 Maldivian investors took part, attracted 6000 new participants to the Maldives Stock Exchange, which itself is a notable achievement. Ooredoo became the largest listed company in Maldives, with the largest free float-adjusted market capitalization on the Maldives Stock Exchange.
Najeeb Khan, CEO of the company said that it is a great honor and prestige to receive such an award. The award stands testimony to our Investor Relations teams innovative efforts in ensuring first-rate communication between the company, our investors and the financial community at large. We are truly thankful for the continued support from our investors and will continue our efforts to ensure exemplary engagement with them and all our stakeholders".
In addition to their recognition for Investor Relations, Ooredoo Maldives 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.