Sajny resigns as board member of BML

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, has resigned from her post today.

Although BML has not yet officially confirmed her resignation, reports indicate that Sajny submitted a letter of resignation to the board.

While she had been on the board since 2021, the government re-nominated her for the board as recent as this past May.

Apart from her service to BML and the Economic Ministry, Sajny also worked as the head of the research division at Maldives Monetary Authority (MMA) between 2017 and 2019.

Sajny's resignation comes just one day before BML's Extra Ordinary General Meeting (EGM) which will see the appointment of three government nominated board members. They are Ahmed Ali Habeeb, Cabinet Secretary to the President’s Office, Mohammed Shahid and Ali Irfan, who hold senior positions in the Maldives Inland Revenue Authority (MIRA) and the Pension Office.

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 has also tendered his resignation with tomorrow being his last day in office.

BML has 11 members on the board. They are eight members appointed by the government and three members representing the common shareholders. Sajny's resignation brings the number of board members down to seven.