Bank of Maldives (BML) has appointed Saeed Umar as its new chairperson.
The appointment was made at the BML director’s board meeting held on Monday.
Umar had previously served as a policy consultant at the Economic Ministry, the co-chair of the China-Maldives Free Trade Agreement’s Working Group and as a council member of the Economic Empowerment of Woman, an organisation instigated by president Abdulla Yameen.
The post was left vacant after BML’s former chairperson Fareeha Shareef resigned after two years of service.
She had informed the board members that she will not be re-applying for her position for “personal reasons.”
BML’s board currently comprises of seven government-appointed members and three general shareholders.
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