The State said that Ahmed Ali Habeeb's nomination for the position of Chairman at Bank of Maldives (BML) Board of Directors has been delivered to the Privatization and Corporatization Board (PCB).
The State has revealed that Ahmed Ali Habeeb's nomination for the position of Chairman at Bank of Maldives (BML) Board of Directors has been delivered to the Privatization and Corporatization Board (PCB).
In addition to Ahmed, Mohamed Shahid and Ali Irfan have also been nominated as members of the board, with their names now sent to the PCB.
Speaking at a press conference held yesterday, Heena Waleed, Chief Spokesperson at the President's Office stated that Ahmed had been nominated to assume the position of Chairman at the BML Board of Directors.
"As you all know, Ahmed Ali Habeeb is very educated and very qualified for the role," she said.
Ahmed, who is a nominee put forward by the government, is also a chartered accountant who is accomplished in the corporate sector. He had served on the board of directors at Housing Development Corporation (HDC) and previously held the position of General Manager at Apollo Holdings Private Limited as well.
The government nominees will be appointed to the BML board at the Extraordinary General Meeting (EGM) held on Saturday, September 21, said BML.
Those who are listed in the Shareholder's register before September 10 will be eligible to join the EGM scheduled for Saturday. 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 is composed of 11 members, with eight appointed by the government and three representing general shareholders. Currently, only eight members serve on the board, half of whom are appointed by the government.
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