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Two private sector members dismissed from MMA board

Dec 8, 2024, 5:34 AM

Two private sector members have been dismissed from the board of Maldives Monetary Authority (MMA).

The dismissed members are Assad Ali and Mohamed Shahudhee Anwar. They are the only two members appointed to the board to represent the private sector.

MMA said changes are brought to its board from time to time. But the central bank did not disclose the reason for their dismissal.

Asaad is the Deputy Secretary General of Maldives Association of Tourism Industry (MATI). He owns Park Hyatt Maldives Hadahaa resort and is also the Managing Director of Novelty Group of Companies.

Shahudhee Anwar is a popular lawyer. He is the Chairman of Maldives International Arbitration Centre. He does a lot of work in the tourism sector in the legal field. He has also worked on formulating the Maldives' tax laws.

Maldives Monetary Authority (MMA)

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