The Bank of Maldives (BML) has appointed Ahmed Ali Habeeb, Noovilaage, S. Hithadhoo as the new Chairperson of its Board of Directors following an Extraordinary General Meeting (EGM) held on earlier today.

Habeeb’s appointment was officially confirmed after the EGM, where the bank’s Board convened to elect new leadership.

His appointment follows the government’s proposal earlier in the week to nominate him for the chairperson role.

Habeeb is currently serving as the Cabinet Secretary and brings a wealth of experience to his new position.

He is a member of the Chartered Institute of Management Accountants (CIMA) in the UK and previously held senior roles, including General Manager of Apollo Holdings and Board Member of the Housing Development Corporation (HDC).

He is also the owner of three companies: Megaton Pvt Ltd, Cocobolo Maldives, and The Exquisite Holidays.

In addition to Habeeb, the Bank of Maldives announced the appointment of two other directors:

- Mohamed Shahid - Hulhumale’ Flat No:90-2-02

- Ali Irufan - Daylight Villa, S. Maradhoo Feydhoo 

Mohamed Shahid is an accounting expert who has held senior positions in the Maldives Inland Revenue Authority (MIRA), while Ali Irufan, with a background in accounting and finance, has served as a consultant to the Ministry of Finance and Ministry of Health.

Both directors were nominated by the government.

The Board of Directors now includes six government-nominated members: - Ahmed Ali Habeeb

- Ali Irufan

- Mohamed Shahid

- Ali Faris Mohamed- G. Sina Male 3, 35-04 

- Adil Moosa - Fen’aaru, B.Eydhafushi 

- Dr. Mariyam Suzy Adam - M. Amazon, K. Male’

Additionally, three directors were elected by public shareholders:

- Abdulla Naseem - Karankaa Villa, H.A. Filladhoo

- Moosa Rasheed - M. Gaseem, K. Male’

- Najeem Ibrahim Zakariyya - M. Dhaashin, K. Male’

This appointment comes amid significant leadership changes at the bank, which saw the departure of its Deputy CEO, Aishath Noordeen, and CEO Karl Stumke in recent weeks.