PCB Appoints Four New Directors to the Development Bank of Maldives Board
President Dr Mohamed Muizzu Inaugurates Development Bank of Maldives Limited on November 2024 | Photo: The President’s Office
The Privatisation and Corporatisation Board (PCB) has appointed four individuals to the Board of Directors of the Development Bank of Maldives Limited.
ޑިވެލޮޕްމަންޓް ބޭންކް އޮފް މޯލްޑިވްސް ލިމިޓެޑްގެ ބޯޑް މެމްބަރުން އައްޔަންކުރުން pic.twitter.com/RShMpgeq4r
— Privatization & Corporatization Board (@pcb_gov) June 30, 2025advertisement
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The appointments were made on 29 June under the Law of Privatisation, Corporatisation, Monitoring and Evaluation of Government Businesses. The newly appointed directors are Hassan Miras, Ahmed Azyan Hameed, Maeesha Ibrahim, and Azmeen Rasheed.
The Development Bank of Maldives was established by President Dr Mohamed Muizzu on 16 May 2024. The bank was created in line with government policies aimed at promoting sustainable economic and social development.
Its objectives include securing funding for infrastructure projects, addressing financing challenges in Public Sector Investment Programme (PSIP) projects through syndicated finance, and retaining foreign exchange within the country’s banking system.
