Maldives Islamic Bank (MIB)’s board of directors have proposed to disburse MVR 27.5 million as dividend, amounting to MVR 1.2 per share.
The resolution will be voted at the Annual General Meeting set to be hosted soon albeit no exact date has been fixed yet.
Last year, MIB received MVR 3.34 as revenue per share and MVR 27.34 as net asset value per ordinary share. Moreover, a total revenue of MVR 4.51 per share was recorded.
MIB’s revenue in 2020 was much lower than previous years due to the impact of COVID-19 pandemic. However, the bank still managed to make a profit.