Leading trading company in the Maldives, State Trading Organization (STO) has removed Mohamed Gais from their Board of Directors.

Gais was appointed as a Director of STO’s board, on 19 May 2019.

He was removed from the post on 15 December 2023.

Gais was removed from the post by the Privatization and Corporatization Board (PCB).

With his removal, STO’s Board of Directors now comprises of six members including Chairman Amir Mansoor, CEO and Managing Director Shimad Ibrahim, Mohamed Nazim, Ismail Zumail Rasheed, Mohamed Murad and Mohamed Ahusan Saleem.