Hussain Fahmy has been appointed as the managing director of Male’ Water and Sewerage Company (MWSC), marking his return to a state-owned enterprise following his earlier dismissal from the State Electric Company (STELCO).
The Privatisation and Corporatisation Board (PCB) confirmed that Fahmy was appointed as both a board member and managing director of MWSC on Tuesday. He replaces Abdul Matheen, who stepped down from the role on Sunday.
Matheen’s resignation comes amid a broader reshuffle across several state-owned enterprises, following the ruling People’s National Congress (PNC)’s defeat in the recent local council elections. The changes have affected multiple senior positions, with a mix of resignations and dismissals across key companies.
Hussain Didi was removed from his post as managing director of Agro National Corporation, while Mohamed Najah was dismissed from Fenaka Corporation. At the same time, Farhath Shaheer resigned as chief executive officer of Maldives Industrial Fisheries Company (MIFCO), and Mohamed Rishwan stepped down as managing director of Maldives Ports Limited (MPL).
Fahmy’s appointment follows a period outside operational leadership roles in state enterprises. He had served at STELCO for more than 27 years and was appointed managing director of the company in November 2023. His tenure ended in September 2025, when he was dismissed without a public explanation.
Shortly after his removal from STELCO, Fahmy was appointed as principal secretary to the president on policy and manifesto, a minister-level position at the President’s Office.
His move to MWSC comes as the government restructures leadership across state-owned enterprises, with changes taking place in parallel across multiple sectors.
