Mohamed Nizar has been appointed President of the Privatization and Corporatization Board, the Board announced in a statement.

The appointment follows the resignation of Mohamed Anas, whose departure has been formally accepted. The PCB welcomed Nizar to the role and expressed appreciation for Anas’s service.

Nizar brings over three decades of experience in international business, corporate management and governance. He previously served as President of the PCB from 2014 to 2019, during which he played a key role in advancing the government’s privatisation and corporatisation agenda and strengthening governance frameworks for state-owned enterprises.

He has also held senior positions at the State Trading Organization for more than 20 years, including roles in import operations, administration, information technology and sales. His work included overseeing major projects such as ERP system implementation, supply chain development and enhancing international trade relations.

In addition, Nizar has served on several national committees focused on risk management, procurement and corporate governance, and has been a board member of Maldives Gas Private Limited and Maldives Structural Products Private Limited.

He holds a Master of Business Administration and a Graduate Certificate in Business Administration from the University of South Australia, and has participated in a range of international programmes on corporate governance and public sector operations.