PCB appoints former Deputy Mayor Areesh and two others to boards of major SOEs

Three individuals, including former Male' City Deputy Mayor Mohamed Areesh, have been appointed to the boards of directors of several state-owned enterprises. 

According to the official X account of the Privatization and Corporatization Board (PCB), Areesh has been appointed to the Board of Directors of the Maldives Post.

Alongside Areesh, PCB announced two additional appointments: Ismail Faruhad Ahmed to the Board of StatePharma, and Ahmed Imdhaah Mohamed to the Board of the State Trading Organization (STO).

Areesh served as Under Secretary at the President’s Office until his appointment to the Post Office board. He was appointed to the post in August, though the exact date remains unspecified. Areesh, elected as Deputy Mayor representing Maafannu West on an MDP ticket, assumed the role on March 16 last year. 

މޯލްޑިވްސް ޕޯސްޓް ލިމިޓެޑްގެ ޑިރެކްޓަރުންގެ ބޯޑަށް މެމްބަރަކު އައްޔަނުކުރުން https://t.co/QdQ2j8rvQ0

— Privatization & Corporatization Board (@pcb_gov) October 20, 2026

He later signed up with the PNC following the election of President Dr. Mohamed Muizzu. Areesh contested a second term in the local council elections last April but lost to incumbent councillor Mohamed Rizwan Ali by 365 votes, Rizwan securing 1,040 votes and Areesh 675.

ސްޓޭޓް ފާމަސޫޓިކަލް އެންޑް މެޑިކަލް ސަޕްލައި ކޯޕަރޭޝަން ލިމިޓެޑްގެ ޑިރެކްޓަރުންގެ ބޯޑަށް މެމްބަރަކު އައްޔަނުކުރުން https://t.co/4lOGePCGOS

— Privatization & Corporatization Board (@pcb_gov) October 20, 2026

Faruhad, appointed to StatePharma, has experience in travel, tourism, and local administration. He currently serves as Managing Director at Gems Maldives Pvt Ltd, associated with Skylit Travels, and has held leadership roles including Director or Chairman at the Gaafu Dhaalu Atoll Local Authority Company. His background includes over seven years in the tourism sector.

ސްޓޭޓް ޓްރޭޑިންގ އޯގަނައިޒޭޝަން ޕަބްލިކް ލިމިޓެޑްގެ ޑިރެކްޓަރުންގެ ބޯޑަށް މެމްބަރަކު އައްޔަނުކުރުން https://t.co/O0aRFIcMXo

— Privatization & Corporatization Board (@pcb_gov) October 20, 2026

Imdhaah, appointed to STO, is a long-time corporate figure with extensive experience in construction, design, and private-sector management. He served as Director at Tekton Design Associates from 2008 to 2023, was Managing Director of Proman-Co Pvt Ltd until 2020, and is listed as a key executive at Core Construction Pvt Ltd. He previously served as Vice President of the Hoarafushi Council.