Habeeb Named BML Chair; New Directors Appointed

The Bank of Maldives (BML) appointed new directors and a chairperson at an Extraordinary General Meeting. Ahmed Ali Habeeb, who also serves as Principal Secretary to the President on Cabinet Affairs, was named chairperson. New directors include Ali Irufan and Mohamed Shahid. Government-nominated members are Ali Faris Mohamed, Adil Moosa, and Dr Mariyam Suzy Adam; public shareholders elected Abdulla Naseem, Moosa Rasheed, and Najeem Ibrahim Zakariyya. These changes follow a period of upheaval: board member Aishath Sajny resigned, Deputy CEO Aishath Noordeen was removed by the Privatisation and Corporatisation Board, and CEO Karl Stumke resigned amid controversy over a reversed suspension of foreign transaction allowances. Analysts view Habeeb's appointment as part of President Muizzu's efforts to assert control over BML.

The Bank of Maldives (BML) appointed new directors and a chairperson at an Extraordinary General Meeting. Ahmed Ali Habeeb, who also serves as Principal Secretary to the President on Cabinet Affairs, was named chairperson. New directors include Ali Irufan and Mohamed Shahid. Government-nominated members are Ali Faris Mohamed, Adil Moosa, and Dr Mariyam Suzy Adam; public shareholders elected Abdulla Naseem, Moosa Rasheed, and Najeem Ibrahim Zakariyya. These changes follow a period of upheaval: board member Aishath Sajny resigned, Deputy CEO Aishath Noordeen was removed by the Privatisation and Corporatisation Board, and CEO Karl Stumke resigned amid controversy over a reversed suspension of foreign transaction allowances. Analysts view Habeeb's appointment as part of President Muizzu's efforts to assert control over BML.

The Bank of Maldives (BML) appointed new directors and a chairperson at an Extraordinary General Meeting. Ahmed Ali Habeeb, who also serves as Principal Secretary to the President on Cabinet Affairs, was named chairperson. New directors include Ali Irufan and Mohamed Shahid. Government-nominated members are Ali Faris Mohamed, Adil Moosa, and Dr Mariyam Suzy Adam; public shareholders elected Abdulla Naseem, Moosa Rasheed, and Najeem Ibrahim Zakariyya. These changes follow a period of upheaval: board member Aishath Sajny resigned, Deputy CEO Aishath Noordeen was removed by the Privatisation and Corporatisation Board, and CEO Karl Stumke resigned amid controversy over a reversed suspension of foreign transaction allowances. Analysts view Habeeb's appointment as part of President Muizzu's efforts to assert control over BML.

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