The State Trading Organization (MSE:STO ) or STO is a public company with 92.29% of the shares owned by the Maldivian Government with the rest 7.71% being held by the public after the IPO a couple of years ago. It is operated directly under the Ministry of Trade and Industries, and is controlled by a board of directors headed by a Chairman.
Read more about State Trading Organization: History, Outlets, Services, Subsidiaries
Famous quotes containing the words state, trading and/or organization:
“Being the dependents of the general government, and looking to its treasury as the source of all their emoluments, the state officers, under whatever names they might pass and by whatever forms their duties might be prescribed, would in effect be the mere stipendiaries and instruments of the central power.”
—Andrew Jackson (1767–1845)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)
“Politics, as a practise, whatever its professions, has always been the systematic organization of hatreds.”
—Henry Brooks Adams (1838–1918)