The Housing Development Corporation (HDC) has appointed Ibrahim Thoaam Mohamed as a member of its Board of Directors, the Privatisation and Corporatisation Board (PCB) announced today.

Thoaam previously served as State Minister at the Ministry of Construction, Housing and Infrastructure.

His appointment comes as part of broader changes to HDC’s senior management, aimed at strengthening the corporation’s leadership and improving its overall performance.

The Government has reiterated its commitment to accountability in state-owned enterprises, stating that it will not permit individuals in senior positions to engage in actions that harm the state or violate the law.