Subsidiaries, Joint Ventures & Partnerships

Subsidiaries, Joint Ventures and Associates

STO Group of Companies and other investments

Allied Insurance Company of the Maldives Pvt Ltd

Incorporated date: 1 November 1984 • Shareholders: STO 99.99% and MGPL 0.01%

STO Maldives (Singapore) Pte Ltd

Incorporated date: 30 November 1997 • Shareholders: STO 100%

Maldive Gas Pvt Ltd

Incorporated date: 3 October 1999 • Shareholders: STO 90% and Champa Oil & Gas 10%

Maldives Structural Products Pvt Ltd

Incorporated date: 23 October 2000 • Shareholders: STO 50% and Rainbow Enterprises 50%

Fuel Supplies Maldives Pvt Ltd

Incorporated date: 18 December 2000 • Shareholders: STO 99.99% and Allied 0.01%

Raysut Maldives Cement Pvt Ltd

Incorporated date: 7 January 2002 • Shareholders: STO 25% and Raysut (Oman) 75%

Maldives National Oil Company Ltd

Incorporated date: 6 October 2003 • Shareholders: STO 99.99% and Allied 0.01%

STO Hotels & Resorts Pvt Ltd

Incorporated date: 7 February 2012 • Shareholders: STO 99.99% and FSM 0.01%

Maldives State Shipping Company Pvt Ltd