Afeef removed as Managing Director of Fenaka ahead of planned dissolution
15 އޮކްޓޯބަރު 2026 | ބުރާސްފަތި 10:25Although the Privatization and Corporatization Board (PCB) has not disclosed the specific reason for Afeef's dismissal as the Managing Director of Fenaka Corporation, he marks the third individual appointed to the role under the current administration. This leadership change comes at a critical juncture as the government moves forward with plans to dissolve Fenaka and the Road Development Corporation (RDC), transitioning their services under the mandate of other state-owned enterprises.
Afeef, who was recently dismissed from his position as the Managing Director of Fenaka Corporation. | Fenaka
Mohamed Afeef Hussain has been dismissed from his position as the Managing Director of Fenaka Corporation Limited, a state-owned utility company currently slated for dissolution.
The Privatization and Corporatization Board (PCB) announced on Wednesday that Afeef has been removed from his position as Managing Director and member of the Board of Directors of Fenaka Corporation. However, the PCB did not disclose a specific reason for his dismissal.
He was appointed as the Managing Director of Fenaka on April 27, 2026. He is the third individual to lead the corporation under the current administration. The position was previously held by Muaz Mohamed Rasheed and Mohamed Najah.
The removal of Afeef from his position as Managing Director of Fenaka Corporation comes at a time when the government has decided to bring all of Fenaka’s operations and services under the management of STELCO.
President Dr. Mohamed Muizzu announced the decision to dissolve the Road Development Corporation (RDC), in addition to Fenaka, during a press conference held at the President's Office on September 7, 2024.
