State Trading Organization

State Trading Organization Plc
Company typePublic
IndustryConsumer Electronics, Home Appliances, Medicals, Supermarket Products, and range of other high quality products
PredecessorAthireegemaafannu Trading Account (ATA)
FoundedMalé, Maldives (1964)
HeadquartersKanba Aisa Rani Hingun Malé, Maldives
Key people
Abdullah Saeed (Managing Director)
ProductsConsumer Electronics, Home Appliances, Medicals, Supermarket Products and other retail products
Revenue MVR 1873 million (2020)
Number of employees
2,031
Subsidiaries
  • Allied Insurance Company of the Maldives Pvt Ltd
  • Maldive Gas Pvt Ltd
  • Fuel Supplies Maldives Pvt Ltd
  • Raysut Maldives Cement Pvt Ltd
  • Maldives National Oil Company
  • Maldives Industrial Fisheries Co Ltd
  • STO Hotels and Resorts Pvt Ltd
  • Maldives Structural Products Pvt. Ltd
  • STO Maldives (Singapore) Pte Ltd
  • Maldives State Shipping
Websitesto.mv

The State Trading Organization Plc (MSE:STO ) or STO is a public company with 81.63% of the shares owned by the Maldivian Government with the rest 18.37% being held by the public after the IPO a couple of years ago. The company is controlled by a board of directors headed by a Chairman.

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