Parliament approves Mohamed Nizar as PCB President

The People's Majlis has approved Mohamed Nizar as President of the Privatisation and Corporatisation Board, PSM News reported. The approval passed with the votes of 49 members. President Dr Mohamed Muizzu appointed Nizar on 30 April, following the resignation of the board's previous president, Mohamed Anas.

Sham'aan Shakir

24 June 2026, 10:04

The People's Majlis has approved Mohamed Nizar as President of the Privatisation and Corporatisation Board, PSM News reported.

The approval passed with the votes of 49 members.

President Dr Mohamed Muizzu appointed Nizar to the post on 30 April. The appointment followed the resignation of the board's previous president, Mohamed Anas.

Under the law, the President must seek parliamentary approval after appointing a PCB president. The Majlis Committee on State-Owned Enterprises reviewed the appointment and recommended approval before the matter went to the floor.

Nizar brings more than 30 years of experience in international trade, corporate management and the running of state institutions, PSM News reported. He previously served as PCB President from 2014 to 2019.

He spent more than 20 years at the State Trading Organisation, holding senior executive posts including general manager and deputy director across import, administration, IT and sales. He has also served as a board member of Maldive Gas Private Limited and Maldives Structural Products Private Limited.

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

Parliament approves Mohamed Nizar as PCB President

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