Three appointed to the board of Maldives' first development bank

The Privatization Board has appointed three individuals to the Board of Directors of the Development Bank of Maldives Limited, the country's first development bank.

The board members include a local, Ahmed Ali, Saeed Abdul Nasir bin Saeed Hassan Al Junaid from Singapore, and Robert Daniel Kant from England.

Ahmed Ali is a former Assistant Commissioner General of the national tax agency, MIRA. Ahmed has also served as a board member of Maldives Islamic Bank and a senior partner in tax at S&A Lawyers LLP. He is also part of the recently formed FIFA Normalization Committee. Ahmed holds a degree in accounting and Sharia and Law, along with a Master of Science in Finance.

The Development Bank of Maldives Limited, established on May 16, was created as part of President Dr. Mohamed Muizzu's presidential pledge. Fully owned by the Maldives government, the bank applied for its license from the Maldives Monetary Authority (MMA) on July 28.