Maldives Islamic Bank Recommends MVR 129.6 Million Dividend for 2025, Reflecting a 25.81% Increase Over Previous Year

Maldives Islamic Bank PLC has announced that its Board of Directors has recommended a cash dividend of MVR 129,647,106.45 (MVR 5.41 per share) for the financial year ended 31st December 2025, marking a significant reward for shareholders on the back of the bank's strong performance throughout the year.

The proposed dividend represents a 35% payout ratio and a 25.81% increase compared to the dividend distributed in 2024, reflecting the bank's improved financial performance and its commitment to delivering growing value to its shareholders year on year. The dividend remains subject to shareholder approval at MIB's 16th Annual General Meeting (AGM), scheduled to take place in May 2026.

Important Reminder for Shareholders

In conjunction with the dividend announcement, MIB has reminded all shareholders to update their residency status in line with the Income Tax Act of the Maldives, as dividends are subject to a 10% Non-Resident Withholding Tax. Shareholders wishing to update their residency information may do so up until the date of the AGM, ensuring their records are accurate ahead of the dividend distribution process.