The Bank of Maldives (BML) has reaffirmed its leadership by reappointing Mr. Ahmed Ali Habeeb as Chairperson of its Board of Directors during the Annual General Meeting (AGM) held on May 29, 2025. This decision underscores the bank’s commitment to stable and experienced governance as it continues to navigate the evolving financial landscape.
Mr. Habeeb, hailing from Noovilaage, S. Hithadhoo, brings a wealth of experience to the role. Currently serving as the Principal Secretary to the President on Cabinet Affairs since November 2023, he previously held the position of General Manager at Apollo Holdings Pvt. Ltd. for nearly 18 years. His extensive background in finance and governance includes a tenure as a board member of the Housing Development Corporation (HDC) from 2012 to 2019. A member of the UK’s Chartered Institute of Management Accountants (CIMA), Mr. Habeeb’s reappointment is seen as a stabilizing force for BML during these dynamic times.
The AGM also saw the appointment of a new board composition, blending government-nominated directors with those elected by public shareholders.
The government-appointed directors are:
- Mr. Ahmed Ali Habeeb, Noovilaage, S. Hithadhoo
- Mr. Mohamed Shareef, M. Ifaau, Malé (CEO and Managing Director)
- Ms. Sahar Waheed, M. Velaaluge, Malé
- Mr. Ali Faris Mohamed, G. Sinamale’ 35-04 3, Malé
- Mr. Adil Moosa, Fen Aaru, B. Eydhafushi
- Mr. Mohamed Shahid, Hulhumalé Flat No. 90-2-02, Malé
- Dr. Mariyam Suzy Adam, M. Amazon, Malé
- Mr. Mohamed Maaiz Munaz, G. Azaro, Malé
Representing the public shareholders, the following directors were elected:
- Mr. Abdulla Naseem, Karankaa Villa, Haa Alif Filladhoo
- Mr. Najeem Ibrahim Zakariyya, M. Dhashin, Malé
- Mr. Moosa Rasheed, M. Gaseem, Malé
Under the renewed leadership, BML aims to reinforce its commitment to financial stability and shareholder confidence. The bank recently declared a record final dividend of MVR 55 per share, reflecting strong financial performance. With a strategic focus on digital transformation and customer-centric services, BML continues to play a pivotal role in the Maldivian economy, serving over 300,000 customers across its extensive network.
As BML navigates this new chapter, the reappointment of Mr. Ahmed Ali Habeeb as Chairperson is anticipated to provide the strategic oversight necessary to guide the bank through its ongoing evolution and to further enhance stakeholder trust.
*For more information, please visit Bank of Maldives’ official website.*
