BML announces board directors and chairperson

Bank of Maldives (BML) has announced the appointment of new directors and the chairperson to its board of directors.

The directors were nominated by the government and appointed to the board during the bank’s annual general assembly on Monday night.

The new directors nominated by the government are:

1. Mr. Karl Stumke (Chief Executive Officer and Managing Director)
2. Mr. Yooshau Saeed, H. Sandy Beach
3. Ms. Aishath Noordeen, M. Thaangeedhoshuge
4. Ms. Juwairiya Saeed, Ma. Kosheege
5. Mr. Abdulla Hassan, Naseemaa Manzil, R. Alifushi
6. Mr. Abdulla Husam Shareef, Dhiguvaandu, Savaa, Gn. Fuvahmulah
7. Ms. Aishath Sajnee, Tharividhaage, S. Hithadhoo

The three directors elected by public shareholders are:

1. Mr. Ibrahim Mohamed, Nelum, N. Holhudhoo
2. Mr. Ahmed Mohamed, G. Ufaa
3. Mr. Abdulla Naseem, Karankaa Villa, H.A. Filladhoo

BML also announced the reappointment of Yooshau Saeed as the chairperson of its board of directors.

The shareholders of the bank approved a dividend of MVR 40 per share, amounting to a total MVR 215 million during the annual general meeting.

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