BML appoints new chairperson, board directors
Ahmed Ali Habeeb has been appointed as the chairperson.
Bank of Maldives (BML) on Saturday announced the appointment of new directors and the chairperson to its board of directors.
Ahmed Ali Habeeb, Noovilaage, S. Hithadhoo, Ali Irufan, Daylight Villa, S. Maradhoo Feydhoo and Mohamed Shahid, Hulhumale’ Flat No: 90-2-02 were appointed as board directors at the bank’s extraordinary general meeting held on Saturday.
Following the meeting of the bank’s board held after the extraordinary general meeting, Ahmed Ali Habeeb was appointed as the chairperson.
With these appointments, the directors nominated by the government and appointed to the board are:
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Ahmed Ali Habeeb, Noovilaage, S. Hithadhooo
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Ali Faris Mohamed, G. Sina Male 3, 35-04
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Adil Moosa, Fen’aaru, B. Eydhafushi
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Mariyam Suzy Adam, M. Amazon, Male
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Ali Irufan, Daylight Villa, S. Maradhoo Feydhoo
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Mohamed Shahid, Hulhumale’ Flat No: 90-2-02
The three directors elected by public shareholders are:
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Abdulla Naseem, Karankaa Villa, H.A. Filladhoo
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Moosa Rasheed, M. Gaseem, Male
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Najeem Ibrahim Zakariyya, M. Dhaashin, Male
Meanwhile, BML board director Aishath Sajny has resigned from her board membership on Friday.
Before her resignation, two BML directors had resigned from the board:
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BML CEO and Managing Director Karl Stumke; The bank has started a search for his replacement
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BML deputy CEO Aishath Noordeen has resigned from the board after the government announced that she had been removed from the board; However, she still works as the deputy CEO of the bank
The extraordinary general meeting of shareholders was held on Saturday to make changes to the board of directors following tensions between the government and the bank following the recent ban on foreign transactions from cards issued to BML's Rufiyaa accounts.
The government has described the change in card limits as a financial coup and police are conducting a criminal investigation into surrounding events. The ruling PNC has also called for the resignation of the CEO and board members of BML.
The government holds a 66.27% stake in BML, including government, government-owned companies and institutions. The remaining 33.73% of the shares are owned by the public. The majority of the public shares are owned by Champa Brothers, Maldives' largest business family.
