Privatization and Corporatization Board (PCB) has made appointments to four more companies on Wednesday.

PCB appointed Non-Executive Directors and Chairmen to State Trading Organization (STO), Maldives Transport and Contracting Company (MTCC), utilities company FENAKA Corporation and Maldives Ports Limited (MPL).

Ismail Yasir was appointed as Non-Executive Director of STO.

Non-Executive Directors appointed to MTCC are Abdulla Shaair and Sinan Ali.

Mohamed Shareef and Jafar Rasheed were appointed as Non-Executive Directors of MPL.

In addition, Mohamed Rasheed was appointed as the Chairman of FENAKA Corporation as well as Maldives Sports Corporation Limited.

With these appointments, PCB has appointed board members to a total of eight companies on Wednesday.