Governance

Board of Directors

Mr. Alau Ali

Mr. Alau Ali

Chairman

Maldives Securities Depository

About

The Chairman provides leadership to the Board and ensures effective governance of MSD in accordance with its legal and regulatory obligations. The Chairman presides over Board meetings, sets the Board agenda in consultation with members, and facilitates constructive dialogue among directors to support informed decision-making.

“MSD plays a foundational role in the Maldivian capital market. Our responsibility as a Board is to ensure that the depository operates with integrity, resilience, and a clear focus on serving investors, issuers, and the broader market.”

Board leadership and governance
Strategic direction and oversight
Stakeholder engagement
Regulatory and compliance alignment

Executive Directors

Ms. Noorbaan Fahmy

Ms. Noorbaan Fahmy

Managing Director / Chief Executive Officer

Mr. Mohamed Latheef

Mr. Mohamed Aushan Latheef

Group Chief Executive Officer

Independent Non-Executive Directors

Mr. Mohamed Ahmed

Mr. Mohamed Manih Ahmed

Director

Ms. Aiminath Shamrath

Ms. Aiminath Shamrath

Director

Mr. Ali Shiyam

Mr. Ali Shiyam

Director

Mr. Hassan Manik

Mr. Hassan Manik

Director

Mr. Abdulla Habeeb

Mr. Abdulla Habeeb

Director

Governance

Board Responsibilities

The Board is responsible for:

Strategic oversight
Governance and compliance oversight
Risk management oversight
Oversight of financial and operational performance
Oversight of technology and system resilience
Protection of stakeholder interests
Supervision of executive management
Approval of major policies and strategic initiatives