Shimad Ibrahim, CEO and Managing Director of STO, has been appointed Board Chair of Fenaka Corporation as the utilities state-owned enterprise transitions into an STO subsidiary. A roadmap involving Fenaka, the Ministry of Finance and STO, including an independent audit and interim board appointments, will see the full transition completed by January next year.
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The Chief Executive Officer (CEO) and Managing Director (MD) of the State Trading Organization (STO), Shimad Ibrahim, has been appointed Board Chair of Fenaka Corporation as the state-owned utilities enterprise transitions to an STO subsidiary.
Word for word from the report in Maldives Republic. Open the report
As such, Ahmed Mazin, Minister of State for Finance, and Mohamed Nizam, STO’s Chief Financial Officer, have been appointed as non-executive directors at Fenaka.
Word for word from the report in Maldives Republic. Open the report