President Dr Mohamed Muizzu has appointed Mohamed Nizar as the President of the Privatisation and Corporatisation Board (PCB).
Nizar was appointed to this position following the resignation of Mohamed Anas, who had been serving as the President of the PCB.
Nizar is a professional with over 30 years of experience in international business, corporate management, and public sector administration. He is an expert in corporatising state-owned enterprises and overseeing their operations through monitoring and governance frameworks.
Previously, from 2014 to 2019, Nizar also served as the Chairman of the PCB. During that period, he played a key role in advancing the government’s privatisation and corporatisation agenda. His leadership was instrumental in strengthening governance systems and improving operational efficiency in state-owned enterprises.
Nizar has over 20 years of service at the State Trading Organisation (STO), where he held several senior executive roles including General Manager and Deputy Director in key areas such as import, administration, IT, and sales. During his tenure at STO, he contributed to major strategic initiatives including the implementation of ERP systems, strengthening supply chain operations, and expanding international business partnerships.
In addition, Nizar has served as a board member of Maldives Gas Private Limited and Maldives Structural Products Private Limited. He has also contributed to national-level committees related to risk management, procurement, and corporate governance.
Nizar holds a Master of Business Administration (MBA) and a Graduate Certificate in Business Administration from the University of South Australia. He has also participated in numerous international training programmes and high-level forums related to corporate governance and the management of state-owned enterprises.