In accordance with the authority granted to him by Law No. 3/2013 (Privatization, Corporatization, Monitoring, and Evaluation of Government Businesses Act), President Dr Mohamed Muizzu has on Wednesday appointed Hamdhy Ageel as the President of the Privatization and Corporatization Board.

Hamdhy Ageel graduated with a Master of Commerce from Australia's Curtin University. He previously held the position of Managing Director at Maldives Road Corporation and also served as the Managing Director of Fuel Supply Maldives.