This collaborative agreement outlines the commitment of STELCO to enhance the skill sets of Fenaka employees. The training, which will be conducted at STELCO facilities and Fenaka powerhouses, focuses on mechanical and electrical engineering. The expected outcome is the expansion of services to the public, fostering a heightened level of confidence in the offerings of both entities.

Expressing gratitude during the signing ceremony, Fenaka’s Managing Director, Muaz Mohammed Rasheed, acknowledged STELCO’s invaluable support in helping Fenaka overcome prevailing technical and financial challenges, all without incurring any costs. He emphasized that Fenaka’s significant expenditure, amounting to MVR 117 million last year, was primarily directed towards servicing pumps and generators. Through collaborative efforts with STELCO, Fenaka aims to optimize service costs, providing more affordable and efficient services.

Beyond skills development, the signed agreement between these two state-owned enterprises is designed to streamline financial assistance to Fenaka in a systematic manner, contributing to the sustainable growth of both organizations.

Through interactive workshops, group activities, and real-life case studies, the participants were able to enhance their understanding of customer needs and expectations, as well as develop strategies to meet those needs effectively. Additionally, the leadership training component provided valuable insight into effective leadership styles and techniques, equipping the employees with the skills to motivate and guide their teams towards achieving organizational goals. Overall, the training program was a valuable opportunity for the employees to acquire new knowledge and skills, ultimately contributing to the improvement of customer service and leadership within Fenaka branches in the region.

Fenaka Institute has been organizing various training programs for employees of Fenaka branches nationwide. The institute is dedicated to conducting more training and development initiatives to improve the knowledge and skills of its staff in the coming years.

This MoU marks a pivotal commitment towards enhancing workforce development, with the main objective of ensuring that the technical personnel of Fenaka are well-versed in the water and sanitation laws and regulations, as well as the issuance of licenses for electricity generation and supply. Furthermore, a core component of this partnership is the provision of invaluable industrial experience opportunities to polytechnic graduates, thereby bridging the gap between academic knowledge and practical application.

This collaborative endeavor signifies an intensive effort to enhance the skillsets of the workforce while concurrently aligning with regulatory frameworks essential for the effective operation of Fenaka’s activities. By facilitating comprehensive training initiatives, the aim is to cultivate a set of highly competent professionals poised to meet the evolving demands of the industry.

Looking ahead, this MoU serves as the foundation for similar training programs, emphasizing a steadfast commitment to human capital development and organizational excellence. Through sustained collaboration and shared vision, this partnership is poised to yield enduring benefits for the workforce, the company, and the broader community alike.

With a distinguished career spanning decades and a wealth of experience in leadership roles, Mr. Shaheer’s journey in the corporate world is marked by his commitment to excellence and his ability to drive results. His tenure as Managing Director and a Board Director at State Trading Organization PLC showcased his adeptness at developing and strengthening management teams to enhance company profitability and efficiency as well as successfully initiating and leading the development of new ventures for the organization.

Throughout his career, Mr. Shaheer has been actively involved in board positions in various companies, including Chairman roles at various subsidiaries of STO PLC.

A highly educated individual, Mr. Shaheer holds a master’s degree in Business Administration as well as an undergraduate degree in Business Administration from Australia.

As Fenaka Corporation Limited welcomes Mr. Shaheer as our new Chairman, we look forward to leveraging his insights, leadership, and vision to drive our organization’s success. With his guidance, we are confident in our ability to navigate challenges, capitalize on opportunities, and deliver exceptional services.

Please join us in extending a warm welcome to Ahmed Shaheer as he embarks on this new chapter with Fenaka Corporation Limited. We are excited about the journey ahead under his capable leadership.