Parliament approves Nizar as PCB president
This is Nizar's second term as head of the PCB. He previously served as President of the board from 2014 to 2019.
The People's Majlis on Wednesday approved the appointment of Mohamed Nizar as President of the Privatization and Corporatization Board (PCB), the body responsible for overseeing state-owned enterprises.
Nizar, of Ma. Yellowball, was appointed to the position on 30 April. Parliament voted on his appointment during Wednesday's sitting, with 49 members supporting the nomination.
This is Nizar's second term as head of the PCB. He previously served as President of the board from 2014 to 2019.
Nizar holds a Master of Business Administration from the University of South Australia and has worked in both the public and private sectors.
According to information submitted to Parliament, he has more than 30 years of experience in trade, corporate management and public administration.
He spent more than two decades in various senior positions at the State Trading Organization and has also served as a board director of Maldives Gas.
Nizar has additionally participated in a number of national committees dealing with procurement, risk management and corporate governance.
The PCB is responsible for monitoring the performance and governance of state-owned enterprises and advising the government on corporatisation and privatisation matters.
His appointment comes as the government continues efforts to strengthen oversight and management of state-owned companies.
