BML Prepares for Key Leadership Changes

The Bank of Maldives (BML) has announced its fourth Extraordinary General Meeting (EGM), set for October 30. This meeting will be conducted via the Maldives Security Depository's online platform, FahiVote, and aims to appoint new board directors.

Recently, BML appointed Mohamed Shareef as CEO, and he is expected to be confirmed as Managing Director during the EGM, thereby joining the board of directors.

Participants interested in attending must pre-register between October 21 and 28. This follows last month's EGM, where a new Chairperson and three board members were appointed, bringing the total board members to nine. The board currently consists of six government-appointed members and three elected by public shareholders, with a goal of expanding to eleven members.

This upcoming meeting is a crucial step for BML as it continues to shape its leadership team and governance structure.