The headquarters of State Trading Organization. One of the oldest companies in the Maldives.
Back in 1964, a fully state-funded business was set up by the Maldivian government with one key mission: strengthening national food security. The main task of this company, then named Athireemaafannu Trading Agency (ATA), was to purchase and import essential food items in bulk to be distributed nationally via local traders and ATA's own retail outlets. ATA expanded to become STO and along with its diverse portfolio of businesses today, STO continues to fulfill this important national responsibility as a top priority.
STO has diversified in to other sectors of business, competitively trading in construction materials, consumer electronics, home appliances, medical supplies and pharmaceuticals, and a range of high quality supermarket products.
STO group, with its subsidiaries, JVs and associates, is a national leader in business. It has significant and focused interests in petroleum, cooking gas, construction materials (including cement and roofing material), medical supplies and pharmaceuticals, home appliances, electronic items, supermarket products and insurance. The company is geographically diverse with operations and developments throughout Maldives and operations in Singapore.
This has been achieved by direct procurement and distribution as well as forming joint ventures to effectively trade in areas where it presents greater opportunity. STO maintains strong government ties, making it their trading partner of choice.