Mohamed Nimal has been removed from his post as Managing Director of Fenaka Corporation, replaced by former Thimarafushi MP Ahmed Shareef.
President of Privatization and Corporatization Board, Mohamed Nizar confirmed the decision to “Sun” this Monday.
Shareef had been working as Deputy Minister of Education when he was appointed to the post.
Nimal – who was removed from the post, had been working as Managing Director of Fenaka Corporation ever since it was established.