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November 23, 2023
Hamdhy Ageel - Photo: Raajje mv / President's Office

President Dr. Mohamed Muizzu on Wednesday appointed Hamdhy Ageel as the President of the Privatization and Corporatization Board.

Hamdhy Ageel graduated with a Master of Commerce from Australia’s Curtin University. He previously held the position of Managing Director at Maldives Road Corporation and also served as the Managing Director of Fuel Supply Maldives.

President also recently appointed four new members to PCB. They are:

  1. Ahmed Mushthag, Accounting and Finance Sector
  2. Leena Abdul Jaleel, Banking Sector
  3. Uz. Moosa Fathuhy Adam, Business Administration Sector
  4. Hassan Mughnee

Privatization and Corporatization Board (PCB), consisting of 7 members was established under the ‘Law of Privatization, corporatization, monitoring and Evaluation of Government businesses’ (Law no. 3/2013) to carry out privatization, corporatization, monitoring, evaluation, selling of public shares from Government companies, Government shareholding companies and commercial government businesses as under this law and all procedures relating to such activities.