MIB Announces Dividend for Financial Year 2025

Maldives Islamic Bank PLC has announced that its Board of Directors has recommended a cash dividend of MVR 129,647,106.45 (MVR 5.41 per share) for the year ended 31 December 2025.

This represents a 35% payout ratio and a 25.81% increase compared to 2024. The dividend is subject to shareholder approval at the Bank’s 16th AGM, scheduled for May 2026.

The Bank has also reminded its shareholders to update their residency status in line with the Income Tax Act of Maldives, as dividends are subject to 10% Non-Resident Withholding Tax. MIB mentions that shareholders can update their residency until the date of the AGM this year.