BML begins distribution of dividend for 2019

National Bank, Bank of Maldives (BML) has announced that the bank received approval from Central Bank, the Maldives Monetary Authority (MMA) to distribute the dividends of 2019.

According to BML, MMA gave the green light to distribute the dividends of 2019 as declared at the 37th Annual General Meeting (AGM) of the Bank held on 31st August 2020. At the AGM, the shareholders had resolved to pay a full year dividend of MVR 26 per share, amounting to MVR 139,929,920 for the year 2019. The dividend has now been credited to the shareholders who have provided their account details, said BML.

BML said the dividend will be paid to all shareholders listed on the Shareholder’s Register as at 18th August 2020, the Book Closure Date. Those shareholders who have not provided an account, or who wish to update their Bank details are requested to update their information before 30th April 2021.