Maldives Islamic Bank Holds 16th AGM, Approves Dividend for 2025

Maldives Islamic Bank successfully held its 16th Annual General Meeting on 18th May 2026. The meeting was conducted online via Fahivote, the General Meetings Management System developed by Maldives Securities Depository.

The AGM commenced with the participation of 57 shareholders and proxy holders, representing 19,110,436 shares, equivalent to 79.74% of the Bank’s total issued shares.

The Directors’ Report and the Audited Financial Statements for the year ended 31 December 2025 were approved unanimously, securing 19,100,469 votes, representing 100% of the votes cast.

The Board of Directors recommended a total dividend of MVR 129,647,106.45, equivalent to MVR 5.41 per ordinary share for the year ended 31 December 2025. The dividend proposal was approved with 19,114,235 votes, representing 99.99% approval.

Shareholders also approved the appointment of Ernst & Young as the Bank’s External Auditors for 2026, with 19,096,699 votes representing 99.95% approval.