State Trading Organization

MANAGING

OWNERSHIP

SUBSIDIARIES

81.63% State Owned, 18.37% Public Owned

Allied Insurance Company Maldives Pvt Ltd, Maldive Gas Pvt Ltd, Fuel Supply

Maldives Pvt Ltd, Maldives Structural Products Pvt Ltd, Maldives Industrial Fisheries Company Pvt Ltd, Maldives

State Shipping Company Pvt Ltd, Raysut

Maldives Cement Pvt Ltd and STO

Maldives (Singapore) Private Limited.

It was the early 1960’s and the nations socioeconomic outlook was not very promising. The need for a central organization to import goods necessary to raise living standards and encourage development in 1864. A fully state-funded business was set up by the Maldivian government with one key mission to begin with: strengthening the national food security. The task of the Company then named, Athireemaafannu Trading Account (ATA) was to purchase and import essential food items in bulk to be distributed nationally via local traders and ATA’s own retail outlets. STO Group with its subsidiaries, joint ventures, and associates, is a national leader in business.

PRODUCTS & SERVICES:

STO Group, with its subsidiaries, joint ventures and associates is a national leader in business. It has significant and focused interests in petroleum, cooking gas, construction materials (including cement and roofing materials) medical supplies and pharmaceuticals, home appliances, electronic and supermarket products and insurance. The Company is geographically diverse with operations and developments through Maldives and operations in Singapore. This has been achieved through direct procurement and distribution as well as effectively trading in areas where it presents greater opportunity.

STEEL

+960 330 8513