On Monday, the Privatization and Corporatization Board (PCB) appointed Mohamed Afeef Hussain as the head of Fenaka Corporation, a firm that has faced numerous corruption allegations.

Afeef is the third Managing Director chosen for Fenaka by the present administration. Muaz Mohamed Rasheed was the first to resign voluntarily, and Mohamed Najah was appointed on December 23, 2024, afterward. Nevertheless, Najah was ousted from the role on April 6 of this year.

On Monday, PCB declared that Afeef, M. Waveside, 304 Flat has been appointed as a member of the Board of Directors and Managing Director of Fenaka Corporation, effective immediately.

Afeef has worked in the public sector for more than 40 years, possesses a Master’s degree in Shariah, and has earned a Board Executive Certificate in Directorship from Singapore Management University. He possesses diplomas in Business Management and Business Administration and is certified as a Balanced Scorecard Professional and Risk Management Professional, showcasing a solid base in governance, strategic performance, and organizational leadership.

With more than forty years of public service, Afeef has cultivated a vast career that encompasses infrastructure, utility services, and government administration in the Maldives. He formerly held the position of Chairman of the Board of Directors at the Maldives Transport and Contracting Company (MTCC), where he offered strategic guidance for significant national infrastructure initiatives. His past leadership positions encompass being the Chairman of the State Electric Company Limited (STELCO) and Fenaka Corporation, along with various board roles in regional utility companies.