News Desk
The Privatization and Corporatization Board has appointed Mohamed Nizar as its new chairman following the resignation of Mohammed Anas. The board confirmed that Anas stepped down and that his resignation was accepted.
Nizar’s appointment was made by President Dr Mohamed Muizzu. The PCB said it welcomed Nizar to the role and expressed appreciation for Anas’s service during his tenure.
Nizar returns to the board with long experience in state‑owned enterprise oversight and corporate governance. He previously served as PCB president from 2014 to 2019, a period in which he helped advance the government’s corporatization agenda and strengthen monitoring frameworks for state‑owned companies.
He has more than thirty years of experience in international trade, corporate management and public sector governance. Much of his career was spent at the State Trading Organization, where he held senior executive roles across imports, administration, information technology and sales. He contributed to major initiatives including ERP implementation, supply chain improvements and international trade partnerships.
Nizar has also served on the boards of Maldives Gas and Maldives Structural Products, and has taken part in national committees on procurement, risk management and corporate governance. He holds a Master of Business Administration and a Graduate Certificate in Business Administration from the University of South Australia and has completed several international training programmes in state‑owned enterprise management.
The PCB said it looks forward to working with Nizar as the board continues its mandate to oversee the performance of state‑owned enterprises.
