Nazeem dismissed as RDC Managing Director; MTCC CEO Saudee appointed as interim head
15 އޮކްޓޯބަރު 2026 | ބުރާސްފަތި 08:50Following the dismissal of Ibrahim Nazeem as Managing Director of the Road Development Corporation (RDC), the Privatization and Corporatization Board (PCB) has appointed MTCC Managing Director Ahmed Saudee to oversee the company’s operations on an interim basis. Additionally, the Board confirmed the removal of Muayad Afif from his position as Managing Director of Fenaka Corporation.
Ahmed Saudee, Managing Director of MTCC. | MTCC
The management of the Road Development Corporation (RDC) has been temporarily handed over to Ahmed Saudhee, the Managing Director of MTCC and a retired Deputy Commissioner of Police.
This change follows the removal of Ibrahim Nazeem from his position as the company's Managing Director.
The Privatization and Corporatization Board (PCB), the regulatory body for state-owned enterprises, announced in a post on X on Thursday that Ibrahim Nazeem has been dismissed from his position as Managing Director and from the Board of Directors of the Road Development Corporation (RDC). The PCB did not disclose the reason for his removal.
The Privatization and Corporatization Board (PCB) has announced the appointment of Ahmed Saudee as the Acting Managing Director of the Road Development Corporation (RDC), effective October 14, 2024. Saudee currently serves as the Managing Director of the Maldives Transport and Contracting Company (MTCC).
Furthermore, Muahmmad Afif Hussain was also removed from his position as Managing Director and from the Board of Directors of Fenaka Corporation Limited on Wednesday.
