The 9^th Annual General Meeting of Housing Development Finance Corporation Plc. (HDFC) was held on May 11,2013 at 1430hrs at Marble Hotel, Male’ Maldives. 

At the AGM, The Financial Statements for the year ended 31 December 2012 audited by PriceWaterhouseCoopers were passed. In addition to that, KPMG was appointed as the new statutory auditors for 2013 as successors to PWC who have been the company’s auditors since privatization in 2008.

HDFC Plc.’s first year of privatized operations was 2009, and HDFC Plc. has recorded an impressive growth in their profitability with a dividends being paid out in 2010 and 2011. In the concluded Annual General Meeting (AGM) of 2013, it was decided to pay a dividend for the third successive year from the retained profit of the year 2012, and the AGM approved to distribute 33% of the net profit as dividend being MVR 10 per share.

We wish to inform the shareholders that the dividend will be issued to the shareholders on 12^th May 2013 from the HDFC’s head office.