Four members on Tuesday were appointed to the board of National Investment Management Company.
The Privatization Board’s president Mohamed Nizar made the announcement in a tweet, revealing the new appointments:
Chairman – Mohamed Jaleel, former finance minister and incumbent advisor to the finance minister
Managing Director – Abdulla Fazeel, former managing director of Gulhifalhu Investments
Director – Rushaaha Ahmed Shareef, appointed to the company by Maldives Monetary Authority (MMA)
Director - Aminath Nada Hussain, appointed to the company by the President’s Office
In addition to the board, the government has also established an advisory committee for the National Investment Management Company, comprising of Minister of Economic Development Mohamed Saeed, Minister of Fisheries and Agriculture Dr. Mohamed Shainee, and the President’s Office’s Director of State Economic Relations Mohamed Luwaiz.
The state-run company was founded by President Abdulla Yameen in order to observe and determine the changes to the Maldives’ economic landscape and protect the nation’s investments. The company’s objectives also include increasing the profits of investments, and bringing in more Islamic finance and financial products to the Maldives.