The Privatization and Corporatization Board (PCB) has lifted the suspension of MIFCO's CEO and Managing Director Ahmed Samah Rasheed.
Following the lifting of the suspension, Samah resumed his duties today. MIFCO has announced the dissolution of the interim committee established to oversee the company during Samah's absence. The company's operations will now be conducted through the company's board.
The PCB was investigating various cases related to MIFCO, including allegations of the misuse of company assets and resources for personal and political purposes.
