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State Trading Organization Plc
STO Building
Company type
Public
Industry
Consumer Electronics, Home Appliances, Medicals, Supermarket Products, and range of other high quality products
Predecessor
Athireegemaafannu Trading Account (ATA)
Founded
Malé, Maldives (1964)
Headquarters
Kanba Aisa Rani Hingun Malé, Maldives
Key people
Abdullah Saeed (Managing Director)
Products
Consumer Electronics, Home Appliances, Medicals, Supermarket Products and other retail products
Revenue
MVR 1873 million (2020)
Number of employees
2,031[1]
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
Website
sto.mv
The State Trading Organization Plc (MSE:STO [1]) 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.
^"STO Annual Report 2020" (PDF).
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