Despite directives to implement cost-cutting measures, the Housing Development Corporation (HDC) yesterday granted several politically motivated promotions.
Adhadhu has learned that HDC promoted nine employees to high-salaried positions, including Directors, Deputy Directors, and General Managers.
The details of the promoted employees are as follows:
- Hassan Shaheed – Director, Corporate Social Responsibility
- Mohamed Saif Abdulla – Director, Sales
- Ahmed Sofwan – Director, Real Estate Management
- Mariyam Iuthisham – Director, Cost Planning and Contracting
- Abdul Salaam – Director, Contract Management
- Ali Wajeeh – Director, Project Management
- Ahmed Asbah – Deputy Director, Internal Audit
- Hussain Shamil – General Manager, Risk and Compliance
- Ibrahim Jilan – Deputy Director, Urban Planning
Among those promoted, Hassan Shaheed was recently elected as the Vice President of the People's National Congress (PNC) Youth Movement during the party's last congress.
At HDC, Directors receive a total remuneration package of MVR 58,000, while Deputy Directors receive MVR 48,000 in salary and allowances.
These high-salary promotions come at a time when the Privatisation and Corporatisation Board (PCB) has instructed State-Owned Enterprises (SOEs) to take all necessary measures to reduce expenditure on employee salaries and benefits.
In April, the PCB issued a directive to SOEs to suspend staff promotions. The board also instructed companies to refrain from hiring new personnel, even for positions within their approved administrative structures, unless such recruitment is essential to maintain operations.
