SDFC Managing Director sacked

Aishath Fifsheen Ali has been terminated as the Managing Director of SME Development Finance Corporation (SDFC) on Saturday, March 15, 2025.

Privatization and Corporatization Board (PCB) confirmed to 'Sun' Online, that she was terminated following a government instruction, but did not specify the reason.

Fifsheen was appointed to helm SDFC in January last year.

The outgoing SDFC Managing Director had attained a Bachelor of Commerce from Curtin University, UK and a Masters in Business Administration from Edith Cowan University in the UK.

Besides this, she has an 20-year-long illustrious career at the Bank of Maldives where she had held key positions including Head of Cards, Head of Channle Management, and Head of Acquiring and Digital Payments.

SDFC was established to provide financial assistance to local small and medium enterprises.