Former PCB chair Mohamed Anas takes over as MIFCO MD and CEO after resigning from the board

Former Privatization and Corporatization Board (PCB) Chairman Mohamed Anas has been appointed as the Managing Director and Chief Executive Officer of Maldives Industrial Fisheries Company Limited (MIFCO).  

According to the PCB, Anas took over the management of MIFCO on Thursday. Prior to this appointment, he served as President of the PCB.  

During his tenure at the board, he held senior responsibilities overseeing and monitoring the operations of state‑owned enterprises.  

The PCB described Anas as a financial and policy expert with experience in public finance management, debt management policies and institutional strengthening.  

Anas has previously held several senior government positions. He served as Deputy Minister of Finance and Planning, where he headed the ministry’s debt management department and played a key role in formulating national debt management policies and risk‑management frameworks.  

He has also contributed to the development of public debt management strategies, the preparation of debt bulletins, and the issuance of sovereign bonds in the Maldives.  

The appointment of a new MIFCO MD comes as the government works to strengthen the company’s management and address challenges faced by fishermen.  

Anas replaces Farhath Shaheer, who resigned on Thursday, the 12th of this month.  

Farhath was appointed CEO of MIFCO in March last year. Before him, the position was held by Dr. Lyubimov of Switzerland, who had encouraged the government to appoint a foreign CEO for the company.  

Prior to the foreign CEO, the role was held by Ahmed Shamah, who was dismissed twice under the current administration.