PCB Announces Changes to Board of Directors for 11 SOEs

The Privatization and Corporatization Board (PCB) has announced changes to the boards of directors of 11 state-owned enterprises (SOE)s.

In a press release publicised on X today, PCB said the changes are effective from 7th March to 14th May 2024. 

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The appointed individuals are:

• Bank of Maldives: Ali Faris Mohamed, G. Sina Male 3, 35-04, Male’ (Member)
  
• SME Development Finance Corporation: Mohamed Maaiz Munaz, G.Azaro, Male’ (Member)
  
• Island Aviation Services Ltd: Mohamed Waheed Hussain, Fresco, S. Hithadhoo (Managing Director)
  
• Fahi Dhiriulhun Corporation: Mohamed Saeed, M.Snow Flakes, Male’ (Member)
  
• Maldives Fisheries and Ocean Resources Marketing and Promotion Ltd: 
  • Ahmed Zareer, Dhilkusaage/Dh.Maaenboodhoo (Member)
  • Munshidha Ibrahim, G.Onuhuri, Male’ (Member)
  • Ahmed Shifaz, Night Rose, Th. Dhiyamigili (Member)
  • Ahmed Yaameen, Green Villa, S.Meedhoo (Member)
  • Adam Manik, H.Summer Blue, Male’ (Member)
    
• Maldives Islamic Bank: Ahmed Siraj, V. Sinamale, 2-4-4 (Member)
  
• Regional Airports Company Ltd: Aishath Wafa Mohamed Manik, Abhareege, Lh.Hinnavaru (Member)
  
• Maldives Industrial Fisheries Company Ltd:
  Shazna Mohamed, Dhanbufashuvige, F.Dharaboodhoo (Member)
  Zulaikha Yoomi Rasheed, H. Lhareethige, Male’ (Member)
  
• Business Centre Corporation Ltd:  Ali Mausoom, Venus Villa, Adh. Maamigili (Member)
  
• Maldives Air Traffic Services: Hassan Miras, Ma.Maafuna, Male’ (Member)
  
• State Electric Company Ltd: Yoosuf Waheed, Boduge, Ha.Vashafaru (Member)
  
• Maldives Hajj Corporation Ltd: Mohamed Rasheed Ibrahim Rasheed (Chairman)

The PCB implemented the changes in accordance with the provisions outlined in Law No. 3/2013 (Privatization, Corporatization, Monitoring, and Evaluation of Government Businesses Act).