The Capital Market Development Authority (CMDA) has appointed its Deputy Chief Executive Officer, Ms. Fathimath Abdulla Kamaludeen, to temporarily oversee the authority’s operations. This transition follows the retirement of the former CEO, Mr. Mohamed Hussain Maniku, on the 30th of last month.
In an official statement, the CMDA clarified that in accordance with the Maldives Securities Act, the Deputy CEO will lead the authority until a new CEO is formally appointed.
Ms. Fathimath Abdulla Kamaludeen has been serving as the Deputy CEO of CMDA since July 2021. Under the Maldives Securities Act, the CEO of the authority is appointed by the President of the Maldives, upon the recommendation of the Board of Directors.
