Two replaced from STO Board

Two members have been replace from the Board of Directors of the State Trading Organization (STO).

STO said that the Privatization Boars made changes to the Directors Board on Monday.

And so, Abdul Haadhee and Ibrahim Ziyath were dismissed from their positions s directors.

Aishath Rayaheen Shareef and the company's Chief Financial Officer, Mohamed Mihad have been appointed as directors effective from last Monday.

According to the STO's shareholder and company regulations, only one Director can be elected to the Board from the public shareholders. And seven Directors would be assigned by the government.

The company pushes that all elected Board members are experienced and educated in the business sector.