Parliamentary approval sought for Nizar following reappointment as PCB’s president

Parliamentary approval has been sought for Mohamed Nizar, who was reappointed as the President of the Privatization and Corporatization Board (PCB), the regulatory authority overseeing State-Owned Enterprises (SOEs).

Nizar, who previously served as the President of PCB, was reappointed to the position following the resignation of former PCB President Mohamed Anas on April 30^th.

President Dr. Mohamed Muizzu’s letter requesting parliamentary approval for Nizar’s appointment was sent on May 21 and was formally presented during Wednesday’s sitting. The nomination has since been referred to the State-Owned Enterprises Committee for vetting.

Mohamed Nizar has more than 30 years of experience in international trade, corporate management, and public administration. He previously served as President of the PCB from 2014 to 2019.

During his distinguished career, Nizar spent over two decades at the State Trading Organization (STO), where he held several senior leadership roles, including General Manager and Deputy Director in key departments. He played a significant role in major strategic initiatives, including supply chain optimization efforts and the expansion of international trade partnerships.

Furthermore, Nizar has served on the boards of several prominent companies, including Maldive Gas and Maldives Structural Products Private Limited.

Nizar holds a Master of Business Administration (MBA) and a Graduate Certificate in Business Administration from the University of South Australia. He has also taken part in numerous international training programs and high-level forums focused on corporate governance and the management of state-owned enterprises.