News

STO Managing Director to be dismissed

The President’s Office has decided to dismiss Managing Director of State Trading Organisation (STO) Hussain Amr from his position.

The President’s Office stated that it has submitted the request to the Privatisation and Corporatisation Board (PCB).

Additionally, the President’s Office stated that positions at state-owned companies are always subject to change and that the decision to dismiss Amr from his position is part of this process.