MIB holds 16th AGM online, approves MVR 5.41 dividend per share

Maldives Islamic Bank (MIB) has approved a dividend of MVR 5.41 per ordinary share at its 16th Annual General Meeting held on Monday.

The AGM was conducted online via Fahivote, the digital meeting system developed by Maldives Securities Depository. A total of 57 shareholders and proxy holders, representing 19,110,436 shares, 79.74 percent of the bank’s issued shares, participated in the meeting.

Shareholders unanimously approved the Directors’ Report and Audited Financial Statements for the year ended 31 December 2025, with 19,100,469 votes.

Highlights from the 16th AGM of MIB

• Directors’ Report and Audited Financial Statements for 2025 approved
• Dividend for 2025 approved at MVR 5.41 per share
• Ernst & Young appointed as External Auditor for 2026

We thank all our shareholders and proxy holders for their… pic.twitter.com/Qi247FQfSU

— MaldivesIslamicBank (@mibmv) May 19, 2026

The Board’s recommendation to distribute a total dividend of MVR 129,647,106.45, equivalent to MVR 5.41 per share, was approved with 19,114,235 votes (99.99 percent).

Shareholders also approved the appointment of Ernst & Young as the bank’s external auditors for 2026, with 19,096,699 votes (99.95 percent).

MIB noted that its total assets surpassed USD 1 billion in 2025, marking a significant milestone for the bank.