The Maldives Monetary Authority (MMA) has issued a banking license to Maldives Premier Bank, a venture established by prominent businessman Mohamed Ali Janah, who also serves as President Mohamed Muizzu’s Principal Advisor on Trade and Investment.
The operational license was officially handed over by Governor Ahmed Munawwar during a ceremony held at the central bank on Monday. Accepting the license on behalf of the bank was Janah’s daughter, Aisha Nurain Janah, who serves as the Chairperson of the Maldives Airports Company Limited (MACL).
Maldives Premier Bank has been authorized to operate as a Tier 1 bank. With this new addition, the total number of licensed banks operating in the Maldives has risen to nine.
According to the business registry, Janah is listed as the sole shareholder of Premier Bank. In addition to Nurain, the bank’s board of directors includes Ismail Ali Manik, Raheema Saleem, Mariyam Shahida Mohamed, and Mohamed Hussain Manik.
Janah, who holds a ministerial-level position as Muizzu's Trade Advisor, began his business career in 1987. Starting with small-scale projects, he has since become a titan in the Maldivian construction and tourism industries, having worked on 52 resort development projects.
