The Privatization and Corporatization Board (PCB) on Tuesday appointed new managing directors to 21 government-owned companies.
The delay in appointing managing directors after the change in government was caused by the lack of a quorum of PCB members to hold a meeting when President Dr. Mohamed Muizzu assumed office.
President Muizzu reconstituted the board on Sunday and removed the legal obstacle to appointing company bosses. The PCB has since handed over management of the companies to the individuals chosen by the new government.
New managing directors:
- Male' Water and Sewerage Company (MWSC) - Abdul Matheen Mohamed
- Maldives Transport and Contracting Company (MTCC) - Abdulla Ziyad
- State Electricity Company (STELCO) - Hussain Fahumy
- Urbanco - Ibrahim Fazul Rasheed
- Maldives Airports Company Ltd (MACL) - Ibrahim Shareef
- Maldives Ports Ltd (MPL) - Mohamed Wajeeh Ibrahim
- State Trading Organization (STO) - Shimad Ibrahim
- Island Aviation - Ibrahim Iyas
- Waste Management Corporation (WAMCO) - Mujthaba Jaleel
- Aasandha - Aminath Zeeniya
- Fahi Dhiriulhun Corporation (FDC) - Hamdhan Shakeel
- Maldives Integrated Tourism Development Corporation (MITDC) - Hawwa Shiuna Khalid
- Hajj Corporation - Mohamed Shakeel
- TradeNet - Saeed Umar
- Public Service Media (PSM) - Zeena Zahir
- Road Development Corporation (RDC) - Brigadier General (Rtd) Ali Zuhair
- Fenaka - Muaz Mohamed Rasheed
- Regional Airports - Ahmed Mubeen
- Maldives Fund Management Corporation (MFMC) - Ahmed Nazim
- Maldives Tourism Development Corporation (MTDC) - Ahmed Niyaz
The number of women among the managing director appointees is notably low. Before assuming office, President Muizzu said at a meeting with journalists that he would put women in charge of eight government companies.
However, there are only four women among the managing directors appointed so far.
