Kooddoo, Felivaru merged with MIFCO

The government-owned canneries Kooddoo Fisheries Complex and Felivaru Fisheries Complex have been brought back under the management of the Maldives Industrial Fisheries Company (MIFCO), reports local media.

The major business units or factories of MIFCO were separated from the company during the administration of former President Mohamed Nasheed and began operations as independent entities on June 1, 2010.

Privation Board Chairman Mohamed Nazeer told newspaper Haveeru yesterday that the separate entities would be dissolved and some of its board members have been appointed to a reconstituted MIFCO board of directors.

While former Felivaru Managing Director Hassan Rasheed has been appointed chairman of the board, former Kooddoo Managing Director Adhly Ismail has been appointed managing director at MIFCO.