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Wednesday, 28 Oct 2026
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#State Trading Organization (STO)

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STO reported a net profit of MVR 819 million in 2023
Business

STO reported a net profit of MVR 819 million in 2023

State Trading Organization (STO) has reported a net profit of MVR 819 million in last year  The company reported a revenue of MVR 4 billion in the last quarter of 2023, according to data released by STO yesterday. This is a decline of 2.7 percent over the thi...

STO to distribute MVR 77 per share as dividend
Business

STO to distribute MVR 77 per share as dividend

State Trading Organization (STO) has passed to distribute MVR 77 per share as dividend to its shareholders during the Annual General Meeting (AGM). STO held its Annual General Meeting (AGM) 2022 on May 31, 2023, at Hulhumale’ Central Park. The amount was pa...

Ooredoo enables payments to STO People's Choice via m-Faisa
Business

Ooredoo enables payments to STO People's Choice via m-Faisa

Ooredoo Maldives has partnered with STO People's Choice, to bring its customers a modern, safe, and convenient digital payment solution with m-Faisaa. STO People's Choice is a leading Maldivian retail store chain that offers a wide range of products, includin...

STO started operating a special Barge for Jet Fuel
Business

STO started operating a special Barge for Jet Fuel

For the first time in the country, State Trading Organization (STO) has started operating a special Barge for Jet Fuel. The Barge ‘Laganaa’ dedicated for supplying Jet Fuel was commissioned exclusively for the supply of Jet A-1 fuel for Maafaru Internationa...

20 training opportunities at STO
Business

20 training opportunities at STO

State Trading Organization (STO) has opened 20 training opportunities under the National Apprenticeship Program being conducted by the Ministry of Youth. Under the National Apprenticeship Program, training program will be held for a period of six months. An...

STO renewed its contract to supply Aviation Fuel and Gas Oil MACL
Business

STO renewed its contract to supply Aviation Fuel and Gas Oil MACL

The State Trading Organization (STO) has renewed its contract to supply Aviation Fuel and Gas Oil to Maldives Airports Company Limited (MACL). The signing ceremony was held today at the STO head office. The agreement was signed on behalf of STO by its CEO a...

STO launched new Hitachi products
Business

STO launched new Hitachi products

State Trading Organization (STO) has launched new products of Hitachi to the Maldivian market. The products were launched at a function held at STO People's Choice on February 17, 2023, night by General Manager of STO Ahmed Shifan, and Jain, Sales Director...

STO to open its smart store next month
Business

STO to open its smart store next month

State Trading Organization (STO) is set to open its smart store in Hulhumale' next month to be operated without cashiers. Managing Director of STO Hussain Amru stated in a tweet that that smart store development project in Hulhumale’ is progressing at a fast...

STO reduced the prices of iron used for construction
Business

STO reduced the prices of iron used for construction

The State Trading Organisation (STO) has reduced the price of iron used for construction. According to the company, prices of the iron used for construction is reduced up to 14 percent. Company stated that in the last few years, there has been a sharp shift...

STO’s Diploma in Radiography course commenced
Business

STO’s Diploma in Radiography course commenced

The "Diploma in Radiography" course conducted by State Trading Organization (STO) in collaboration with GE Healthcare has commenced. The ceremony held to inaugurate the course was attended by the Vice President of the Maldives, Faisal Naseem. The course sta...

STO launched "Heyvalla Thayyaaru" promotion
Business

STO launched "Heyvalla Thayyaaru" promotion

State Trading Organization (STO) has launched a special promotion "Heyvalla Thayyaaru" in relation to the  upcoming FIFA World Cup to be held in Qatar next month. The promotion, which began yesterday, will be held in STO People's Choice and Regional Shops....