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PCB leaders in Parliament's SOE committee: Some board members of state-owned companies have been sacked. Photo/Parliament

Board directors of 9 companies sacked

Three members were also sacked from the board of WAMCO.

12 August 2024

The board directors of nine government-owned companies, including the chairman of SME Bank or SDFC (SME Development Finance Corporation), have been sacked.

The PCB, the parent body of government companies, said in a statement on Sunday that the board members were sacked from:

  • 1-

    Housing Development Finance Corporation (HDFC)

  • 2-

    Maldives Post Limited

  • 3-

    Addu International Airport

  • 4-

    Business Center Corporation (BCC)

  • 5-

    Fahi Dhiriulhun Corporation (FDC)

  • 6-

    Police Welfare Corporation (POLCO)

  • 7-

    SDFC

  • 8-

    Trade Net

  • 9-

    Waste Management Corporation (WAMCO)

According to the PCB statement, HDFC board members Mohamed Rasheed and Hamid Sodiq have been sacked. Zidna Ibrahim has also been appointed to the company's board.

Post Chairman Mohamed Abdullah and Board Member Mohamed Nashid have been sacked. Hawwa Safna was newly appointed to the board.

Three members of the board of the Addu Airport Operating Company have been sacked. They are Hussain Mohamed Didi, Shathif Ali and Shazra Shakir.

Three members were also sacked from the board of WAMCO. They are Ali Nabeel, Musthafa Mohamed and Ali Ikram.

In addition, the other board members that were sacked are:

  • Lamia Ibrahim and Ahmed Iftihar from the BCC board

  • Najeel Ahmed from the Board of Fahi Dhirulhun Corporation

  • Ali Zahir from the board of POLCO

  • SDFC Chairman Shuhad Ibrahim

  • Nahia Mohamed from the Board of Trade Net

Last Thursday, the Privatization Board sacked Fenaka Chairman Ahmed Shaheer, DMD Ibrahim Naif and Board Member Ahmed Ehab.

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