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The government has appointed Dr Ali Azwar to lead Fenaka Corporation Limited as acting managing director, while Ibrahim Nitham has been named to the company’s board of directors.
Mariyam Adheela
Dr. Ali Azwar
Male’ — Dr Ali Azwar has been appointed executive director and acting managing director of Fenaka Corporation Limited as the government moves to reduce spending and improve the management of state-owned companies.
The Privatization and Corporatization Board (PCB) announced the appointment, identifying Azwar as a resident of Nesspro Villa in S. Feydhoo.
Azwar currently serves as managing director of the State Electric Company Limited (STELCO).
The appointment comes as part of broader changes aimed at reducing operational costs and streamlining the management of state-owned enterprises.
Under the planned changes, STELCO will become the sole provider of electricity services once the ongoing work is completed.
The PCB also confirmed the appointment of Ibrahim Nitham, of H. Hudhuriyaa, to Fenaka’s board of directors.
