BML to aid Ooredoo's IPO

Bank of Maldives (BML), on Wednesday, signed to support Ooredoo’s Initial Public Offering (IPO). IPO is the first time that the stock of a private company is offered to the public.

The agreement was signed by BML CEO and Managing Director, Andrew Healy and Ooredoo Maldives’ CEO Najib Khan at Bank’s head office.

Speaking at the signing ceremony, Andrew expressed he was pleased to provide support to the Ooredoo IPO which enables the public to become shareholders in one of the country’s leading businesses.

BML will provide a collection account and payment solution through which the public can conveniently subscribe to Ooredoo shares online.

Ooredoo’s announcement to offer a portion of its equity for sale to local and international investors, following its initial listing on the Maldives Stock Exchange was made on the 13th of October 2016.

Ooredoo Maldives is part of the Ooredoo Group, a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia.