Bank of Maldives (BML) has appointed Ahmed Ali Habeeb of S. Hithadhoo, Noovila, as the new Chairperson of its Board of Directors. The appointment was finalized during the bank’s Annual General Meeting.
Alongside Habeeb’s appointment, BML also confirmed new members to its Board. Eight directors were appointed by the government, including Mohamed Shareef, Sahar Waheed, Ali Faris Mohamed, Adil Moosa, Mohamed Shahid, Dr. Maryam Suzey Adam, and Mohamed Maiz Munaz.
Three members were elected to represent the bank’s public shareholders: Abdullah Naseem, Najeem Ibrahim Zakariyya, and Moosa Rasheed.
During the AGM, shareholders approved a dividend of MVR 55 per share — the highest dividend in the company’s history. The face value of each share is MVR 50.
BML reported that the past year was its most financially successful to date. The bank generated a revenue of MVR 2.8 billion and recorded a net profit of MVR 2.25 billion after paying MVR 643 million in taxes. This reflects an 8 percent increase in profit compared to the previous year.