Tue, 20 Oct 2026, 09:12 am

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

MIB to convene Extraordinary General Meeting

Oct 19, 2026, 12:16 PM

Maldives Islamic Bank (MIB) has announced that it will be holding an Extraordinary General Meeting (EGM).

According to MIB, preparations are currently underway to convene the EGM next month.

The bank stated that shareholders registered by the book closure deadline of 2:00 pm on October 26 will be eligible to participate in the meeting.

MIB further noted that shareholders will have the opportunity to attend and vote at the meeting either in person or by proxy.

The official notice, which will include the date, time, agenda, and voting procedures for the meeting, will be published on the bank’s website at mib.com.mv/about-us/investor-relations.

Shareholders seeking further information are advised to contact the bank’s Investor Relations Department via email at investor.relations@mib.com.mv or by calling 3012205.

Maldives Islamic Bank Extraordinary General Meeting

Comments

Agreements signed to provide housing grants

Oct 19

Former MP ousted over debt appointed Managing Director of AgroNat

Oct 6

MIB to fund MVR 500,000 project for Guesthouse Champion island

Oct 6

MIB auctions Kudhimagooge with starting bid of MVR 9.6 million

Sep 23

Latest News

MS Finance license revoked over regulatory violations

The Maldives Monetary Authority revoked MS Finance’s money-changing license and issued a fine for regulatory violations. The firm is allegedly linked to a major money laundering case involving the Football Association of Maldives. This action is part of a broader government crackdown on the country's illegal foreign exchange market.

BML slashes equity to five percent for some housing loans

Bank of Maldives has reduced the equity requirement for housing loans under MVR 3 million from 20% to just 5%. The bank also lowered interest rates to 9.5% and removed additional collateral requirements for these loans. This change aims to make homeownership more affordable by easing the burden of large down payments.

Dollar black market persists despite strict media censorship

Despite new laws criminalizing the reporting and sale of currency above official rates, the dollar black market persists through shifted tactics. While the government blames media reports for high rates and has conducted several raids, unofficial trading continues at inflated prices as authorities struggle to dismantle the parallel market.

Former MWSC chief slams ‘misguided' buyback of Hitachi stake

Former MWSC chief Abdul Matheen criticized President Muizzu’s plan to buy back Hitachi’s 20% stake, calling it a "misguided" move during a financial crisis. He argued that spending millions is illogical while the state seeks budget support and blamed the decision on poor corporate governance and political interference in state enterprises.

Dhiraagu Gamers Guild offers iPhone 18 Pro Max

Dhiraagu Gamers Guild is offering a chance to win an iPhone 18 Pro Max in Burgundy to users who subscribe and verify their profiles by December 31, 2026. This initiative aims to support the Maldivian gaming community by providing exclusive rewards and competitive tournament opportunities for local talent.

Fenaka Managing Director Afeef dismissed

Mohamed Afeef has been dismissed as the Managing Director of Fenaka Corporation, the third person to hold the role under the current administration. His removal comes amid government efforts to dissolve the utility company and reduce the state-owned workforce by 33 percent. No official reason for the dismissal has been provided.

India rolls over 30 billion rupee currency swap

India has agreed to roll over a 30 billion rupee currency swap for the Maldives following a request from the Maldivian government. This extension aims to stabilize the nation's low foreign exchange reserves and prevent economic strain. The decision follows a recent $50 million debt payment made by the Maldives to India in September.

Get the latest news delivered straight to your inbox