Former Privatization and Corporatization Board President Mohamed Anas has been appointed Managing Director and Chief Executive Officer of Maldives Industrial Fisheries Company Limited, as the government seeks to strengthen oversight of the state-owned fisheries company.
According to the PCB, Anas assumed management of MIFCO on Thursday. He previously served as President of the PCB, where his responsibilities included overseeing and monitoring the operations of state-owned enterprises.
The board described Anas as a financial and policy expert with experience in public finance management, debt management policies and institutional strengthening.
Anas has also held senior government roles, including Deputy Minister of Finance and Planning. In that position, he headed the ministry’s debt management department and contributed to the formulation of national debt management policies and risk-management frameworks.
His previous work also included involvement in public debt management strategies, debt bulletins and sovereign bond issuance in the Maldives.
The appointment comes at a time when MIFCO remains central to the government’s efforts to address issues faced by fishermen and improve the management of the fisheries sector. The company has faced repeated leadership changes under the current administration, reflecting the broader challenges around its operations and financial position.
Anas replaces Farhath Shaheer, who resigned earlier this month. Farhath had been appointed CEO of MIFCO in March last year.
Before Farhath, the post was held by Dr Vitaliy Lyubimov of Ukraine, following earlier discussions around appointing a foreign CEO to the company. Prior to that, Ahmed Shamah had held the role, before being dismissed twice under the current administration.
