2016-10-23 15:47:09
Mr. Alau Ali to be the Chairman of the Maldives Stock Exchange Board
Mr. Alau Ali to be the Chairman of the Maldives Stock Exchange Board
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The Board of Directors of Maldives Stock Exchange Company Private Limited and Maldives Securities Depository Company Private Limited have announced the appointment of Mr. Alau Ali as Chairman of the Board, effective from 5th October 2016
The newly elected chairman Mr. Alau Ali said, “I have had the honor of being an active long term Board member. I thank the former Chairman for the kind words and the confidence the Board members and Management team have in me.
It is also particularly gratifying to know that the former Chair will continue to stay active on the Board and provide his valuable insights and guidance. I look forward to a prosperous period ahead for MSE and MSD working closely with CMDA and related government authorities to reach newer heights."
Their Former Chairman Mr. Mohamed Manih Ahmed has stepped down from his position as Chairman effective from 5th October 2016. Thereafter, Mr. Mohamed Manih Ahmed will remain as Director of the Company.
Speaking about his resignation Mr. Manih said,"Having completed my tenure as Chairman of the board, I would like to inform that I wish to step down from my position as Chairman of the Board of Directors of MSE/MSD. I thank my fellow board members, the management and the staff for the unfailing cooperation they had extended to me during my tenure.
While departures are always a bit sad, I’m happy to note that I shall be succeeded by my very able colleague and friend Mr. Alau Ali. Alau is an excellent communicator and organizer. His acumen and experience would make him a great helmsman to guide MSE & MSD to the next phase of its development. I’m confident that the board and staff would continue to provide Mr. Alau the same cooperation they had extended to me.
Even though I shall no longer remain chairman, I shall continue to be a member of the Board. Furthermore, I would also like to inform my intentions of starting a brokerage firm, in hopes of creating a better capital market."
The Company wishes to express its appreciation and gratitude to Mr. Manih for his invaluable contribution, leadership and insight during his many years of service. The Company believes that Mr. Manih will continue to contribute immensely to the development of the Company, albeit in a different capacity.
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The newly elected chairman Mr. Alau Ali said, “I have had the honor of being an active long term Board member. I thank the former Chairman for the kind words and the confidence the Board members and Management team have in me.
It is also particularly gratifying to know that the former Chair will continue to stay active on the Board and provide his valuable insights and guidance. I look forward to a prosperous period ahead for MSE and MSD working closely with CMDA and related government authorities to reach newer heights."
Their Former Chairman Mr. Mohamed Manih Ahmed has stepped down from his position as Chairman effective from 5th October 2016. Thereafter, Mr. Mohamed Manih Ahmed will remain as Director of the Company.
Speaking about his resignation Mr. Manih said,"Having completed my tenure as Chairman of the board, I would like to inform that I wish to step down from my position as Chairman of the Board of Directors of MSE/MSD. I thank my fellow board members, the management and the staff for the unfailing cooperation they had extended to me during my tenure.
While departures are always a bit sad, I’m happy to note that I shall be succeeded by my very able colleague and friend Mr. Alau Ali. Alau is an excellent communicator and organizer. His acumen and experience would make him a great helmsman to guide MSE & MSD to the next phase of its development. I’m confident that the board and staff would continue to provide Mr. Alau the same cooperation they had extended to me.
Even though I shall no longer remain chairman, I shall continue to be a member of the Board. Furthermore, I would also like to inform my intentions of starting a brokerage firm, in hopes of creating a better capital market."
The Company wishes to express its appreciation and gratitude to Mr. Manih for his invaluable contribution, leadership and insight during his many years of service. The Company believes that Mr. Manih will continue to contribute immensely to the development of the Company, albeit in a different capacity.
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