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Governance Governance / state-owned enterprises Maldives Impact 6.0/10 1 min read
President Muizzu seeks parliamentary approval for new PCB Chairman

President Muizzu seeks parliamentary approval for new PCB Chairman

President Dr. Mohamed Muizzu has formally requested parliamentary approval for Mohamed Nizar as the new Chairman of the Privatization and Corporatization Board (PCB), following the resignation of former PCB President Mohamed Anas. The parliamentary State and Enterprises Committee will vet the appointment. Nizar brings over three decades of experience in international business, corporate management, and public administration, including more than 20 years at the State Trading Organization (STO) where he held senior executive positions. He also served as PCB Chairman from 2014 to 2019, advancing the government's privatization and corporatization agenda. Nizar holds an MBA from the University of South Australia. The committee is expected to complete its review shortly, after which the full Parliament will vote on the confirmation.

President Dr. Mohamed Muizzu has formally requested parliamentary approval for Mohamed Nizar as the new Chairman of the Privatization and Corporatization Board (PCB), following the resignation of former PCB President Mohamed Anas. The parliamentary State and Enterprises Committee will vet the appointment. Nizar brings over three decades of experience in international business, corporate management, and public administration, including more than 20 years at the State Trading Organization (STO) where he held senior executive positions. He also served as PCB Chairman from 2014 to 2019, advancing the government's privatization and corporatization agenda. Nizar holds an MBA from the University of South Australia. The committee is expected to complete its review shortly, after which the full Parliament will vote on the confirmation.

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Jun 17, 2026

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President Dr. Mohamed Muizzu has formally requested parliamentary approval for Mohamed Nizar as the new Chairman of the Privatization and Corporatization Board (PCB), following the resignation of former PCB President Mohamed Anas. The parliamentary State and Enterprises Committee will vet the appointment. Nizar brings over three decades of experience in international business, corporate management, and public administration, including more than 20 years at the State Trading Organization (STO) where he held senior executive positions. He also served as PCB Chairman from 2014 to 2019, advancing the government's privatization and corporatization agenda. Nizar holds an MBA from the University of South Australia. The committee is expected to complete its review shortly, after which the full Parliament will vote on the confirmation.

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