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Some MDs (R-L): Shimad for STO, Muaz for Fenaka, Fazul for Urbanco, Shareef for MACL, Wajeeh for MPL, Mohamed Abdul Kareem for Aasandha, Shuhaila for MMPRC, Mujthaba for WAMCO and Matheen for MWSC.

Pres nominates managing directors to 22 state companies

PCB President Hamdi Ageel told Atoll Times that the screening and interview process is underway before approving the nominations.

27 November 2023
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President Mohamed Muizzu on Sunday sent nominations to the Privatisation and Corporatisation Board (PCB) for the appointment of managing directors of 22 state-owned enterprises (SOEs).

PCB President Hamdi Ageel told Atoll Times that the screening and interview process is underway before approving the nominations. He said the PCB is looking to approve the appointments as soon as possible.

"We are looking to expedite the appointment process as soon as possible as the appointment of heads of companies has already been delayed," Hamdi said.

Although the PCB did not disclose the names of the appointees, a senior official in the President's Office confirmed the names.

  • STO - The company's board member Shimad Ibrahim

  • Fenaka - Former Madaveli MP Muaz Mohamed Rasheed

  • Urbanco - Felidhoo MP and ruling PNC's parliamentary group leader Mohamed Fazul Rasheed

  • MACL - Former Customs Commissioner Ibrahim Shareef Mohamed

  • MPL - Mohamed Wajeeh Ibrahim

  • Maldive Gas - Abdulla Mohamed

  • Aasandha - Former Henveiru South MP  Mohamed Abdul Kareem

  • MTCC - Ziyad Latheef

  • FSM - Ismil Shuhail

  • MIFCO - Former Male city councillor Ahmed Shamah Rasheed

  • MWSC - Abdul Matheen Mohammed

  • Fahi Dhiriulhun Corporation - Hamdan Shakeel

  • Regional Airports - Former Bileiydhoo MP Ahmed Mubeen

  • WAMCO - Male city council's secretary general Mujthaba Jaleel

  • PSM - Former Broadcasting Commission (Broadcom) Member Zeena Zahir

  • MMPRC - Coco Collection's Director of Sales Aishath Shuhaila

  • RDC - Former Brigadier General Ali Zuhair

  • Hajj Corporation - Former PPM secretary general Mohamed Shakeel

  • Fund Management Corporation - Former National Centre for the Arts (NCA) chief Ahmed Nazim

  • STELCO - General Manager Hussain Fahmy

In addition, PPM spokesperson Heena Waleed has been appointed as the CEO of the National Social Protection Agency (NSPA).

When the government took over, the PCB board was at a standstill due to insufficient members to hold meetings. However, President Muizzu has recently appointed members to the board.

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