Nazeem has been removed from the post of managing director of the Regional Development Corporation, with Saudi appointed as acting managing director.
The decision was announced today. RDC is involved in development projects across the outer atolls. The reasons for the change in leadership have not been detailed publicly.
Acting appointments at state-owned enterprises are typically temporary while a permanent successor is identified or while the board completes its review.
Further information on the transition and any impact on ongoing projects has not yet been released.