Chairperson of BML Board of Directors appointed alongside two additional members

The Chairperson of the Bank of Maldives (BML) Board of Directors has been appointed to the board today alongside two additional individuals.

Ahmed Ali Habeeb, Mohamed Shahid and Ali Irfan were appointed to the board at the Extraordinary General Meeting (EGM) held today. Ahmed Ali, who currently serves as a Cabinet Secretary at the President's Office was appointed to the position of Board Chairperson.

The EGM was held through the online platform of Maldives Security Depositary (MSD), 'Fahi Vote'.

Maldives Monetary Authority (MMA) had amended the Corporate Governance Policy of banks and financial institutions early in August last year to allow them to instate members to the board.

With these three new appointees, BML currently has 9 members on their board. They are six members appointed by the government and three members representing the general shareholders. The board, however, is originally composed of 11 members and currently features two vacant seats.

BML Board Members

1. Ahmed Ali Habeeb (Chairperson)

2. Ali Faris Mohamed

3. Adil Moosa

4. Mariyam Suzy Adam

5. Ali Irfan

6. Mohamed Shahid

7. Abdulla Naseem

8. Moosa Rasheed

9. Najeem Ibrahim Zakariyya

Aishath Sajny, the board member of Bank of Maldives (BML) and Policy and Research Consultant for the Ministry of Economic Development, appointed in 2021 to represent the government had resigned from her post last week.

After serving many years on the bank's board, BML's Deputy CEO Aishath Nooraddeen also resigned from the board last month while the bank's CEO Karl Stumke had also tendered his resignation with Saturday being his last day in office.