Mohamed Nizar appointed President of Privatization and Corporatization Board

The government has appointed Mohamed Nizar as the new President of the Privatization and Corporatization Board (PCB), following the resignation of Mohamed Anas.

In a statement, authorities welcomed Nizar to the role, expressing confidence in his ability to lead the Board’s mandate on privatization and corporatization of state-owned enterprises.

Nizar is a seasoned business leader with more than three decades of experience spanning international trade, corporate management and public sector governance.

He previously served as President of PCB from 2014 to 2019, during which he played a key role in advancing the government’s privatization agenda. His leadership was credited with strengthening governance frameworks and improving operational efficiency across state-owned enterprises.

Nizar also spent over 20 years at State Trading Organization Plc (STO), where he held several senior executive positions, including General Manager and Deputy Director. His portfolio covered critical areas such as imports, administration, information technology and sales. During his tenure, he contributed to major strategic initiatives including enterprise resource planning (ERP) implementation, supply chain optimization and the development of international trade partnerships.

He holds a Master of Business Administration and a Graduate Certificate in Business Administration from the University of South Australia.

Nizar’s return to PCB comes at a time when the government continues efforts to reform and enhance the performance of state-owned enterprises.