Bank of Maldives to Hold Special General Meeting on September 21

The Bank of Maldives (BML) has announced a special general meeting set to take place on September 21, 2024. The meeting, which will be held online, is being convened at the request of the Ministry of Finance, according to official statements from the bank.

The meeting will be conducted using the Maldives Security Depository's (MSD) online meeting management system, known as 'Fahi vote.' This system will facilitate the voting process, ensuring that only shareholders who are registered as of September 10, 2024, can participate in the meeting.

The agenda for the meeting includes the approval of the bank's (yaumiyya?) from the extraordinary general meeting held on July 20, 2024, as well as the appointment of new members to the board of directors. The bank has assured shareholders that each registered participant will receive the necessary login information for the 'Fahi vote' system.

This move by BML comes at a time when the bank is navigating a challenging economic environment, with the government urging financial institutions to take proactive steps in ensuring transparency and shareholder engagement. The online format for the meeting reflects the bank's commitment to maintaining accessibility and inclusivity for its shareholders, regardless of geographical constraints.

As BML continues to play a crucial role in the Maldivian financial sector, the upcoming general meeting is expected to address key decisions that will influence the bank's strategic direction in the coming months.