The frontmen of two State-Owned Enterprises (SOEs) have been officially swapped from their designations.
According to Ministry of Finance's update, the Chief Executive Officer (CEO) of Maldives Transport and Contracting Company (MTCC) Hassan Shah has been appointed as the new Managing Director of Maldives Water and Sewerage Company (MWSC).
On the other hand, MWSC's Managing Director Adam Azim has replaced Shah as the new CEO of MTCC.
The changes were updated by Ministry of Finance on their website, while the Hassan Shah, the outgoing CEO of MTCC has confirmed the same.
Meanwhile, the outgoing Managing Director of MWSC, Azim has confirmed on the SOE-swap as well. However, he did not disclose the state's decision behind the move.
