Ahmed Shamaah Rasheed Removed as STELCO Managing Director After Four Months

Ahmed Shamaah Rasheed has been removed as Managing Director of STELCO after only four months, as announced by the Privatization and Corporatization Board (PCB) on Thursday. No official reason was given. Shamaah was appointed in September last year. Previously, he served as MD of MIFCO, where he was dismissed after a suspension amid mismanagement allegations. He later became a State Minister. This is the second MD removal under the current administration; the first was Hussain Fahmy in September last year, who now serves as Principal Secretary at the President's Office.

Ahmed Shamaah Rasheed has been removed as Managing Director of STELCO after only four months, as announced by the Privatization and Corporatization Board (PCB) on Thursday. No official reason was given. Shamaah was appointed in September last year. Previously, he served as MD of MIFCO, where he was dismissed after a suspension amid mismanagement allegations. He later became a State Minister. This is the second MD removal under the current administration; the first was Hussain Fahmy in September last year, who now serves as Principal Secretary at the President's Office.

Ahmed Shamaah Rasheed has been removed as Managing Director of STELCO after only four months, as announced by the Privatization and Corporatization Board (PCB) on Thursday. No official reason was given. Shamaah was appointed in September last year. Previously, he served as MD of MIFCO, where he was dismissed after a suspension amid mismanagement allegations. He later became a State Minister. This is the second MD removal under the current administration; the first was Hussain Fahmy in September last year, who now serves as Principal Secretary at the President's Office.

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