The Bank of Maldives (BML) has announced plans to hold a special general meeting of its shareholders next month to appoint new members to the Board of Directors.

The meeting, set for 10:00 a.m. on Saturday, September 21, will be held online via the Maldives Securities Depository (MSD)'s ‘Fahivote’ system.

In a statement released today, BML disclosed that Finance Ministry had requested the meeting, which will focus exclusively on the appointment of new directors to the bank's board.

The request was made on August 24.

According to the bank, shareholders listed as of September 10, 2024, will be eligible to participate in the meeting.

BML also confirmed that both shareholders and proxy holders can take part, with each participant entitled to one vote.

Shareholders will also have the right to vote for government-appointed directors to the board.

This meeting is expected to bring significant changes to the bank's management, with BML urging all eligible shareholders to attend and exercise their voting rights.