Parliament endorses Nizar’s reappointment as head of PCB

The Parliament has endorsed the reappointment of Mohamed Nizar as the president of the Privatization and Corporatization Board (PCB).

The Parliament endorsed Nizar with a unanimous vote of 49 on Wednesday afternoon, a day after the State-owned Enterprises Committee greenlighted his appointment.

The vote took place after nine lawmakers from the main opposition Maldivian Democratic Party (MDP) were ejected from the Parliament chambers for protesting over the legislature’s committee allocation.

Nizar previously served as president of PCB from 2014 to 2019. He was reappointed to the role on April 30, after former president Mohamed Anas resigned from the board to take on his new role as managing director of the Maldives Industrial Fisheries Company (MIFCO).

Nizar has more than 30 years of experience in international trade, corporate management, and public administration.

He 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 has served on the boards of several prominent companies, including Maldive Gas and Maldives Structural Products.

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.