Issuers

Maldives Transport & Contracting Company

Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980 and is currently the longest-serving public company in the Maldives. The company was established to contribute towards the development of infrastructure and transport services in the country. Since then, MTCC has positioned itself as one of the strongest business entities in the country with a diversified range of products and services, with one of the largest workforces across the country. Today the company offers a diverse range of services such as Construction and Project Management (including development of airports and roads, harbours and ports, storm water management and sewerage, dredging and reclamation, shore protection, designing and consultancy in project management, engineering design, surveying and EIA), Logistical Operations, Modern Transport Services, Engineering and Docking Service, and Trading Services for a plethora of reputed products including Yanmer as official distributor, Suzuki Marine engines, Castrol lubricants, Marol, PPG protective & marine coating, Donaldson filtration solutions, Nakashima, Industrial gas, and Boat building materials and composites. MTCC’s success lies in its business strategy, which revolves around the desire to provide quality and reliable products and services, implementation of stringent quality control systems, adoption of the latest technological innovations, and a relentless effort to recruit and retain qualified employees.  

Board Members

Sinaan Ali

Non-Executive Director

Nasrath Mohamed

Non-Executive Director

Mohamed Imran Adnan

Non-Executive Director

Abdulla Ziyad

Chief Executive Officer and Managing Director

Mohamed Afeef Hussain

Chairman

Ali Naail

Non-Executive Director

Board Committees

Audit & Risk Committee
5 Members

Members of the committee
Mohamed Imran Adnan
Sinaan Ali
Uz. Mohamed Fareed
Nasrath Mohamed
Ali Naail
Corporate Governance and Compliance Committee
5 Members

Members of the committee
Uz. Mohamed Fareed
Sinaan Ali
Nasrath Mohamed
Ali Naail
Mohamed Imran Adnan
Nomination and Remuneration Committee
5 Members

Members of the committee
Sinaan Ali
Uz. Mohamed Fareed
Nasrath Mohamed
Ali Naail
Mohamed Imran Adnan

Shareholding Structure

Name Share %
GOVERNMENT OF MALDIVES 64.20 %
MNSL 4.65 %
GENERAL PUBLIC 31.15 %

Statistics

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