State Trading Organization Plc
STOAbout
State Trading Organization (STO) was established in 1964 by the Maldivian government as a fully state-funded business with one key mission: strengthening national food security. The main 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 outlets at low markup. ATA also imported supplies for the state. ATA was renamed State Trading Organization in 1979, and soon “STO” became a household name throughout the Maldives. The nation was growing and so were its demands. While remaining true to its original mission, STO expanded its imports, starting with basic consumer goods, and then on to building materials, home appliances and supermarket products Around the time of STO’s establishment, the Maldivian economy started to pick up speed fueled by increasing commercial activity in fisheries, agriculture, tourism, and construction industries. STO responded by looking beyond its traditional role of state trader. It began to enterprise, looking to earn foreign exchange and broaden the nation’s revenue streams. Today, STO group with its partners is a national leader in business with significant, diversified interests in petroleum, cooking gas, building material, healthcare, consumer electronics, supermarket products, insurance, shipping, and bunkering. The company is geographically diverse with operations and developments throughout the Maldives and operations in Singapore.
Mission
Expand through sustainable business practices, achieve customer excellence and encourage community engagement
Vision
Enriching lives
Share Details
| Type | Entity Name | Percent |
|---|---|---|
| Government | The Government of the Maldives | 81.63% |
| Public | General Public | 18.37% |
Company Secretary
Company Secretary
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Managing Director
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Director
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Accounting & FinanceBoard Composition
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Annual Reports
All figures are displayed in Maldivian RufiyaaRevenue
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Quarterly Reports
All figures are displayed in Maldivian Rufiyaa2026/Q1
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