Cabinet Secretary Ahmed nominated for BML's Board of Directors

The government has nominated Cabinet Secretary at the President's Office, Ahmed Ali Habeeb for the Bank of Maldives (BML) Board of Directors.

BML said that appointments to the company's board will be made during the upcoming Extraordinary General Meeting (EGM) on Saturday, October 21. Among the nominees, Ahmed from Baa atoll Eydhafushi has been put forward by the government, along with Mohamed Shahid and Ali Irfan, for positions on BML's board.

Ahmed, the most recent nominee for board, is a chartered accountant with extensive experience in the corporate sector. He has served on the board of directors at Housing Development Corporation (HDC) and previously held the position of General Manager at Apollo Holdings Private Limited.

Those who are listed in the Shareholder's register before September 10 will be eligible to join BML's EGM this year.

This marks the third EGM held by BML this year, with the previous two also held to instate directors to the company board.

Former CEO of BML, Karl Stumke, submitted his resignation on September 8, with his final day at work being September 21. He will also be participating in the EGM scheduled for that same day.

BML's board consists of 11 members, with eight appointed by the State and three representing general shareholders. Currently, only eight members serve on the board, half of whom are appointed by the government.