State Trading Organization Plcstois A Public Company In The Maldivesprimarily Owned By The Governmentestablished In 1964 And Rebranded In 1979Sto Plays A Vital Role In The Maldivian Economy By Managing Various Commercial Activitiesthe Company Is Headquartered In Malaand Operates In Sectors Such As Petroleumconstructionhealthcareand Retailwith A Presence In Both The Maldives And Singapore Sto Offers A Diverse Range Of Products And Servicesincluding Consumer Goods Like Electronics And Home Appliancesconstruction Materialsenergy Products Such As Petroleum And Cooking Gasand Healthcare Items Including Pharmaceuticals And Medical Equipmentthe Company Employs Over 2 000 People And Reported Mvr 1 87 Billion In Revenue In 2020Through Its Subsidiaries And Joint Venturessto Enhances Its Market Reach And Contributes To The Supply Of Essential Goods To A Broad Customer Baseincluding Government Entitiesbusinessesand Individual Consumers
