Chairperson of the State-owned fisheries firm, Maldives Industrial Fisheries Company (MIFCO), Ahmed Shareef has been transferred to head the Maldives Fisheries and Ocean Resources Marketing and Promotion Limited (MFOMPC).
The Privatization and Corporatisation Board (PCB) on Monday said Ahmed Shareef has been removed from his post as the Chairperson of MIFCO and appointed to the directors of board of MFOMPC as its Chairperson.
The State-owned MFOMPC was founded in February with the primary objective of expanding the nation’s fishing industry, and enhancing its social benefits by promoting and advertising Maldivian products on the global market.
This includes products from aquaculture, mariculture, and all marine sources. To boost revenue, the company has been tasked with launching a distinctive brand for local fisheries, advertising it locally and in various lucrative international markets.