Hussain Sham Adam Appointed as Chairman of FENAKA Corporation

MV+ News Desk | July 9, 2025

Hussain Sham Adam has been appointed as the new Chairman of the Board of Directors of FENAKA Corporation Limited.

Sham currently serves as the Minister of State for Finance and Planning. His appointment follows the resignation of Shimad Ibrahim, the former Managing Director of the State Trading Organisation (STO), who had been serving as Chairman of the utility company.

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FENAKA has confirmed Sham’s appointment and expressed support for his leadership, describing his addition to the board as a positive step forward for the company.

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