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BusinessNews

“MVR 322 Million Dividend Reflects Our Strength,” Says CEO Shareef as BML Sets Record

By Ahmed Ashraf Published 3 hours ago

Bank of Maldives has secured shareholder approval for its largest-ever dividend payout, reinforcing the bank’s strong financial position and continued growth trajectory.

At its Annual General Meeting held at Saturday night, shareholders of Bank of Maldives approved a dividend of MVR 60 per share for the 2025 financial year, bringing the total payout to MVR 322.9 million. In addition to the cash dividend, investors endorsed the issuance of two bonus shares for every existing share held, marking a significant enhancement to shareholder returns.

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The combined move represents the highest dividend distribution in the bank’s history, underscoring robust earnings performance and sustained confidence in its long-term strategy.

Chief Executive Officer and Managing Director Mohamed Shareef said the milestone payout reflects both the bank’s financial strength and the trust placed in it by customers nationwide. He emphasized that the institution remains committed to supporting economic activity while delivering sustainable value to shareholders.

The approved dividend will be distributed to investors listed on the shareholders’ register at the time of book closure.

The strong payout follows a year of disciplined execution and expansion, with the bank continuing to leverage its solid business model to drive profitability. BML has also maintained focus on enhancing digital banking capabilities and extending financial services to meet the evolving demands of individuals and businesses across the Maldives.

With momentum from record earnings and capital actions, the bank is positioning itself to sustain growth while deepening its role as a key driver of the Maldivian economy.

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“The Standard Maldives” is your premier source for the latest news, insights, and stories from the Maldives. With a commitment to accuracy and independence, we bring you comprehensive coverage of local developments, regional events, and global perspectives that impact our island nation. From breaking news to in-depth analyses, we aim to inform, inspire, and engage. Proudly carrying the tagline, ‘The World’s Window on Maldives,’ we connect the Maldives to the world and the world to the Maldives. Stay informed, stay connected.”

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