Irfan and Shahid nominated for BML Board of Directors

The Government has nominated two additional individuals to the Board of Directors of Bank of Maldives (BML).

The two names submitted by the Government are Mohamed Shahid and Ali Irfan.

Shahid has previously served as the Chief Financial Officer of the Maldives Pension Office. Prior to this, he was the Director General of various departments of Maldives Inland Revenue Authority, and had also served as Board Secretary there.

Shahid holds a Master of Science (Finance) from Malaysia's International Islamic University and a Bachelor of Accounting and Finance (Honors) from UK's University of East London.

Irfan is the Director of the Public Finance Modernization and Reform Project at the Ministry of Finance. He has filled the position of Voice Secondee of the World Bank's Global Partnership For Education, Finance and Grant Operations.

Irfan has worked in various financial sector positions since 2018 and is a chartered accountant.

He holds a Masters of Business Administration from UK's University of the West of England and a Bachelor of Arts in Accountancy and Finance from Heriot-Watt University.

Bank of Maldives has previously announced that an Extraordinary General Meeting will be held at 10:00 hrs on September 21. Shareholders who have been registered ahead of September 10 can participate in this meeting, they said.

This will be the third Extraordinary General Meeting held by the bank this year. Both of the previous meetings were also held to appoint members to the Board of Directors.

BML's Board is compiled with 11 members. These are 8 members appointed by the government, and three members representing public shareholders. However, the Board only has 8 members at present. Out of these, 4 are government appointees. After many years of serving on the Board, BML's Deputy CEO Aishath Nooraddin has resigned from the Board last month.