Maldives Transport and Contracting Company (MTCC) Managing Director Mohamed Ziyadh and Island Aviation Services Limited (IASL) Chairman Mohamed Mihad have been sacked.

The Privatization and Corporatization Board (PCB) today announced the changes to the boards of government-owned companies. According to it, the two have been dismissed.

The PCB has also appointed people to the board of the newly formed Development Bank of Maldives. Ahmed Ali, Saeed Abdul Nasir and Robert Daniel Kant have been appointed to the board.

The PCB said the changes were made under the Privatization, Corporatization and Monitoring and Evaluation of State Enterprises Act.