The Privatization and Corporatization Board (PCB) has appointed four individuals to the Board of Directors of the Development Bank of Maldives Limited. Under the law governing the privatization, corporatization, monitoring, and evaluation of state-owned enterprises, the PCB has appointed four members to the Board of Directors of the Development Bank of Maldives Limited. Accordingly, Hassan Miras of M. Maafuna, Ahmed Azyan Hameed of M. Lansimooge, Maeesha Ibrahim of D. Kudahuvadhoo Thikureeth, and Azmeen Rasheed of GDh. Rathafandhoo, Chanbeyleevila, were appointed as members of the company’s board on the 29th of this month.
President Dr. Mohamed Muizzu established a company under the name Development Bank of Maldives on May 16, 2024. This company was created by the government in line with its policies to invest in sustainable economic and social development, secure funding for infrastructure development, address challenges in financing PSIP projects through syndication finance, and increase interest in foreign currency deposits in the Maldivian banking system
