Abdulla Saeed to be appointed as STO Managing Director

The President’s Office has requested the Privatisation and Corporatisation Board (PCB) to appoint Abdulla Saeed as the new Managing Director of the State Trading Organisation (STO). He is currently filling the position of Managing Director of the Maldives State Shipping Company Private Limited (MSS).

PCB dismissed Hussain Amr from the position after receiving the request from the President’s Office. Chief Financial Officer (CFO) Mohamed Nizam is now the Acting Managing Director of STO.

The President's office said that the administration is always looking to further enhance the company and the decision to dismiss Amr is part of the restructuring to achieve this.