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PCB presents letter of appointment to Saeed on Tuesday. (Photo/PCB)

Shipping company's Saeed appointed as STO MD

PCB handed over the letter of appointment to Saeed at a ceremony held at the finance ministry Monday afternoon.

4 April 2023
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Abdulla Saeed, who served as the Managing Director of Maldives State Shipping (MSS), has been appointed to the post of Managing Director of STO.

Privatisation and Corporatisation (PCB) handed over the letter of appointment to Saeed at a ceremony held at the finance ministry Monday afternoon.

PCB had in late March granted a government request to remove Hussain Amr Rashad from his post as the Managing Director of the state's main trading company STO.

Since the MDP's presidential campaign in January, Amr has been openly working with party president Mohamed Nasheed, who has been working against President Ibrahim Mohaned Solih.

Saeed:

  • Served as the Managing Director of Maldives State Shipping (MSS) until his appointment to STO

  • Cabinet secretary in Nasheed's government

  • He was the head of the Singapore office of Maldives National Shipping Limited (MNSL), a former national shipping company

  • He was the chairman of the former national oil company

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