President Dr. Mohamed Muizzu has appointed Major (Retd) Mohamed Najah as the new Managing Director of Fenaka Corporation, replacing Muaz Mohamed Rasheed.
Muaz submitted his resignation letter earlier today, which was confirmed by the President’s Office. President Muizzu acknowledged the resignation and announced Najah’s appointment as both a member of the Board of Directors and the Managing Director of Fenaka.
In his resignation statement, Muaz highlighted the financial challenges faced by Fenaka, noting that the company’s expenditures have surpassed its revenues, making sustainable operations increasingly difficult.
The government has expressed confidence in Major (Retd) Mohamed Najah’s ability to address these challenges and lead Fenaka Corporation toward greater financial stability and operational success.
Muaz submitted his resignation letter earlier today, which was confirmed by the President’s Office. President Muizzu acknowledged the resignation and announced Najah’s appointment as both a member of the Board of Directors and the Managing Director of Fenaka.
In his resignation statement, Muaz highlighted the financial challenges faced by Fenaka, noting that the company’s expenditures have surpassed its revenues, making sustainable operations increasingly difficult.
We are honored to welcome Major (Retd) Mohamed Najah as the new Managing Director of Fenaka Corporation. With his extensive leadership experience and vision, we are excited for the future and confident that his guidance will drive our continued growth and success. We look forward… pic.twitter.com/1g4Bcaq5UL
— Fenaka Corporation Ltd (@TeamFenaka) December 23, 2024
The government has expressed confidence in Major (Retd) Mohamed Najah’s ability to address these challenges and lead Fenaka Corporation toward greater financial stability and operational success.
