Committee on State Owned Enterprises

State-Owned Enterprises Committee's 5th meeting for the year 2025

18 Jun 2025 Number M20/M/SOE/2025/05

Summary

At today's meeting, it was decided to file the State Trading Organization's annual reports for 2023 and 2024, and the Housing Development Finance Corporation's annual report for 2024, as those documents were shared with the committee members.


Also, it was decided to meet with the Board members to review the 2024 Annual Report of the Privatization and Corporatization Board.


Although the Maldives Fund Management Corporation had assigned China National Electric Engineering Company to develop the Integrated Tourism Concept in Hankede, Addu City, since the actual work of the project has been delayed without commencement, it was decided to send a letter to the Maldives Fund Management Corporation to clarify information regarding the matter.


It was decided to send letters to State Electric Company Limited, Maldives Water and Sewerage Company Limited, and Fenaka Corporation Limited to inquire regarding establishment of a system to bill tenants directly for water and electricity instead of billing property owners.

Attendance

Mohamed Nazim

North Maafannu

Absent

Ibrahim Shujau

Baarashu

Present

Hussain Sameer

Thoddoo

Official

Ibrahim Didi

South Feydhoo

Present

Ahmed Nazim

Dhiggaru

Official

Ibrahim Hussain

South Fuvahmulah

Present

Ali Ashrag

Kinbidhoo

Present

Mohamed Ali

Gadhdhoo

Present

Yoosuf Nasheed

Gan

Present

Ashraf Rasheed

Faresmaathodaa

Present

Ahmed Shakir

Maavashu

Present

Votes

Vote Details

Ibrahim Shujau

Baarashu

Chairperson

Mohamed Nazim

North Maafannu

Absent

Hussain Sameer

Thoddoo

Absent

Ibrahim Didi

South Feydhoo

Absent

Ahmed Nazim

Dhiggaru

Absent

Ibrahim Hussain

South Fuvahmulah

Yes

Ali Ashrag

Kinbidhoo

Proposed By
Yes

Mohamed Ali

Gadhdhoo

Yes

Yoosuf Nasheed

Gan

Seconded By
Yes

Ashraf Rasheed

Faresmaathodaa

Yes

Ahmed Shakir

Maavashu

Absent
Total
11
Yes
5
Voted
5
Present
6
No
0
Not Voted
0
Eligible
5
Abstain
0
Vote Required
3
Total
11
Present
6
Eligible
5
Yes
5
No
0
Abstain
0
Voted
5
Not Voted
0
Vote Required
3

Vote Details

Ibrahim Shujau

Baarashu

Chairperson

Mohamed Nazim

North Maafannu

Absent

Hussain Sameer

Thoddoo

Absent

Ibrahim Didi

South Feydhoo

Absent

Ahmed Nazim

Dhiggaru

Absent

Ibrahim Hussain

South Fuvahmulah

Seconded By
Yes

Ali Ashrag

Kinbidhoo

Yes

Mohamed Ali

Gadhdhoo

Yes

Yoosuf Nasheed

Gan

Yes

Ashraf Rasheed

Faresmaathodaa

Proposed By
Yes

Ahmed Shakir

Maavashu

Absent
Total
11
Yes
5
Voted
5
Present
6
No
0
Not Voted
0
Eligible
5
Abstain
0
Vote Required
3
Total
11
Present
6
Eligible
5
Yes
5
No
0
Abstain
0
Voted
5
Not Voted
0
Vote Required
3

Vote Details

Ibrahim Shujau

Baarashu

Chairperson

Mohamed Nazim

North Maafannu

Absent

Hussain Sameer

Thoddoo

Absent

Ibrahim Didi

South Feydhoo

Absent

Ahmed Nazim

Dhiggaru

Absent

Ibrahim Hussain

South Fuvahmulah

Yes

Ali Ashrag

Kinbidhoo

Proposed By
Yes

Mohamed Ali

Gadhdhoo

Yes

Yoosuf Nasheed

Gan

Yes

Ashraf Rasheed

Faresmaathodaa

Seconded By
Yes

Ahmed Shakir

Maavashu

Absent
Total
11
Yes
5
Voted
5
Present
6
No
0
Not Voted
0
Eligible
5
Abstain
0
Vote Required
3
Total
11
Present
6
Eligible
5
Yes
5
No
0
Abstain
0
Voted
5
Not Voted
0
Vote Required
3

Works

04 Jun 2025

Housing Development Finance Corporation's Annual Report of the Year 2024

Completed

21 May 2025

State Trading Organization's Annual Report of the Year 2024

Completed

12 May 2025

The issue of delays in establishing a system for billing water and electricity to tenants of rental properties.

Ongoing

13 Apr 2025

The issue of prolonged delays in commencing the work of the Integrated Tourism Development Project in Hankede, Addu City.

Ongoing

16 Mar 2025

Privatization and Corporatization's 2024 Annual Report

Ongoing

24 Jul 2024

State Trading Organization's Annual Report of the Year 2023

Completed

Attendance Summary

  • Present
    08
  • Absent
    01
  • Simultaneous Committee
    00
  • Sick Leave
    00
  • Leave
    00
  • Official
    02
  • Attendance Not Required
    00

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