Board members appointed for two new state-run companies

Board members appointed for two new state-run companies

Ministry of Finance's Privatisation and Corporatisation Board (PCB) on Sunday appointed board members to recently founded state-run companies Road Development Corporation (RDC) and Trade Net Maldives.

Moosa Ali Manik was formerly appointed as the Managing Director of RDC on October 10. The Chairman position is still vacant although three Directors were designated on Sunday.

RDC Board Members:

Managing Director - Moosa Ali Manik

Director - Ahmed Shareef

Director - Ahmed Marzooq

Director - Shamveel Mohamed

Road Development Corporation was established on June 9, 2019, tasked with developing and overseeing the roads in islands across the country. The state has 100 percent ownership of the company.

In addition to RDC, a Chairman, Managing Director and four additional Directors were chosen for the board of Trade Net Maldives. According to the Privatisation Board, one more Director will be appointed in the future.

Trade Net Board Members:

Chairman - Yoosuf Riza

Managing Director - Ahmed Shiham Ali

Director - Nahiya Mohamed

Director - Shurufaa Abdul Wahid

Director - Mahmood Riyaz

Director - Mariyam Wishama Ali

The state holds 100 percent of shares in this company as well. Trade Net Maldives was established within the last week to shift all business interactions under one roof.