As the COVID-19 pandemic continues, economic activities in the Maldives have slowed down impacting financial performance and the availability of foreign currency in the country. Dhiraagu remains committed to continue investing in network infrastructure for the future of Maldives and to continue the digital transformation journey to create more value for our customers.
To ensure the Company has the means to continue investing in and enhancing services, Dhiraagu’s Board has approved for the Company to obtain an import loan facility of US$ 12 million from the Hongkong and Shanghai Banking Corporation Limited for the Company’s capital expenditure requirements. While the digital transformation journey continues to accelerate, Dhiraagu remains committed ‘to enrich lives through digital services by investing in modern technology and innovative solutions to empower our communities and bring them closer towards a ‘Digital Raajje’.
7 July 2021
Issued by: Investor Relations Department
Phone: 3311775/3311121
Email: [email protected]
