President Dr. Mohamed Muizzu has forwarded the nomination of Mohamed Nizar to the People’s Majlis to seek parliamentary approval for his appointment as the President of the Privatization and Corporatization Board (PCB).

Following the reading of the President’s official letter on the parliament floor, the matter was forwarded to the State-Owned Enterprises (SOE) Committee for further evaluation.

Nizar was appointed to the post on April 30 following the resignation of the former PCB President, Mohamed Anas. This marks Nizar's return to the leadership role, having previously served as the President of the PCB from 2014 to 2019, a tenure during which he played a pivotal role in advancing the government’s privatization agenda and restructuring the governance frameworks of state-owned enterprises.

With over 30 years of experience in international trade, corporate management, and public administration, Nizar is a seasoned expert in monitoring and corporatizing state operations. He dedicated over two decades of his career to the State Trading Organization (STO), holding senior executive roles such as General Manager and Deputy Director across key sectors including imports, administration, IT, and sales. During his time at STO, he spearheaded strategic milestones including the implementation of the company's ERP system, supply chain optimization, and the expansion of international commercial relations.

Beyond his tenure at STO, Nizar has served as a board member for prominent companies such as Maldives Gas Private Limited and Maldives Structural Products Private Limited, and has contributed to various national committees on risk management, procurement, and corporate governance. He holds a Master of Business Administration and a Graduate Certificate in Business Administration from the University of South Australia, complemented by extensive participation in high-level international forums on corporate governance.