MIB proposes MVR 4.58 per share as dividends for 2024

Maldives Islamic Bank (MIB)’s Board of Directors has resolved to propose the distribution MVR 4.58 per share as dividends for the year 2024 at the bank’s next Annual General Meeting (AGM).

MIB’s AGM is scheduled for Thursday, May 8^th.

According to the bank, the AGM will be held at 14:00pm via FahiVote. All shareholders registered with the bank before April 23^rd will be eligible to participate in the AGM.

As such, the bank has instructed shareholders and their proxies to register for the AGM before 14:00pm on May 6^th.

The AGM agenda includes approving a dividend payout of MVR 4.58 per share for 2024, endorsing the directors’ report and financial statements, appointing an auditor for the upcoming year, and electing an executive director.

MIB posted a net profit of MVR 278 million in 2024, marking a 101 percent increase compared to 2023.

MIB is the first and only full-fledged Shariah-compliant bank in the Maldives. It is also the first bank in the Maldives to digitalize all its services.