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BML approves MVR 40 dividend per share

Saaif Shiyad|May 30, 2023, 3:14 AM

The bank’s 40th annual general meeting held at the Islamic center in Male’ on Monday night. -- Photo: BML

The shareholders of Bank of Maldives (BML) have approved a dividend of MVR 40 per share, amounting to total MVR 215 million.

The decision was approved at the bank’s 40th annual general meeting held at the Islamic center in Male’ on Monday night.

The amount includes the MVR 20 per share distributed as interim dividend in April.

“Our new strategy aims for sustainability, fair treatment of customers and digitalization. Under this strategy, we will work to become the first choice bank of the Maldivian people,” CEO Karl Stumke said.

The bank’s biggest shareholder, the Maldivian government, got MVR 125 million as dividend for 2022 and earned MVR 500 million through taxes.

Bank Of Maldives (BML)

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