Privatization Board Seeks CEO for MIFCO Once Again

  • Maldives
  • Business
PUBLISHED 29 September 2024

The Privatization and Corporatization Board (PCB) has announced a second recruitment drive for the position of Chief Executive Officer (CEO) of the Maldives Industrial Fisheries Company (MIFCO). This time, the position is open to foreign candidates as well.


Interested applicants are encouraged to submit their applications by October 8. PCB has emphasized that the selection will be based on the candidates’ qualifications and experience.


According to the announcement, the salary for the position will range between USD 12,000 (MVR 185,040) and USD 15,000 (MVR 231,300). This is an increase from the previous offer, which was USD 12,000 (MVR 185,000) and MVR 9,500 (MVR 146,000).


In June, PCB had to cancel the earlier recruitment announcement as they did not receive any applications from qualified candidates by the deadline.


The CEO position at MIFCO became vacant following the dismissal of Ahmed Samah Rasheed, the previous government appointee. His dismissal was executed after a suspension due to several complaints received by PCB.