BML Shareholders To Receive MVR 215 Million As Total Dividend Payout

During the Annual General Meeting held on Monday, Bank of Maldives (BML) shareholders approved a total dividend payout of MVR 215 million with MVR 40 per share. As the biggest shareholder of the bank, the Government of the Maldives will benefit the most from the shares, with MVR 125 million received as a total dividend and over MVR 500 million accumulated as tax for the year 2022.

BML’s CEO and Managing Director, Karl Stumke remarked “Shareholders have tonight approved a total dividend of MVR 40 per share. This includes the interim dividend of MVR 20 per share paid out in the last month”.

Speaking further he noted, “I would like to extend my appreciation to our team of committed staff across the country for their hard work last year. I would like to thank all our customers for their loyalty and support over the past 40 years. With new strategy in place focusing on sustainability, treating customers fairly and digitalization, we will strive to continue to be the bank of choice in the Maldives.”

BML’s Annual General Meeting was held on 29^th May 2023 at the Islamic Centre in Male’.