Sun Siyam Group promotes Ahmed Rasheed to Group Director of Finance
Sun Siyam Group has announced the promotion of Ahmed Rasheed to Group Director of Finance, marking a key development in the group’s leadership structure and its continued focus on developing Maldivian talent.
With more than 15 years of service at Sun Siyam Group, Rasheed’s career reflects a progressive advancement through the organisation’s finance function. He joined the group at a junior level and has since held a number of senior roles, including Financial Accountant, Corporate Systems and Business Analyst, Assistant Director of Finance and, most recently, Deputy Director of Finance. His appointment makes him the first Maldivian to assume the role of Group Director of Finance within the organisation.
During his tenure, Rasheed has played a central role in strengthening financial governance across the group, including consolidated IFRS reporting, internal control frameworks and systems development. He has led group-wide budgeting and forecasting processes, overseen treasury and liquidity management, and supported major financial transformation initiatives across the portfolio. His professional background also includes experience in public sector auditing with the Ministry of Finance and Treasury, providing a strong foundation in compliance, risk management and regulatory oversight.
In his new position, Rasheed will be responsible for providing strategic financial leadership across Sun Siyam Group. He will work closely with senior management, business development teams and resort general managers to support financial performance, operational efficiency and long-term growth. His remit includes group-wide financial planning, treasury management, risk and tax oversight, audit functions, capital planning, and the financial support of investment and expansion initiatives across the group’s diversified portfolio.
Commenting on the appointment, Ahmed Siyam Mohamed, Chairman and Managing Director of Sun Siyam Group, said that Rasheed’s progression reflects the strength of the organisation’s people and its commitment to nurturing Maldivian leadership. He noted that Rasheed brings clarity, discipline and long-term perspective to the group’s financial strategy and will play an important role in supporting continued growth.
Founded by Ahmed Siyam Mohamed, Sun Siyam Group has evolved over more than three decades through hands-on leadership and sustained investment in the Maldives’ tourism sector. The group has developed through a combination of operational expertise, focus on guest experience and a commitment to building local talent. Today, it is one of the country’s major contributors to tourism and employment, with a diversified portfolio spanning hospitality, travel services, construction, media and sustainability-focused ventures.
Operating across the Maldives and Sri Lanka, and supported by global sales and representation offices in Europe, Asia Pacific, the Middle East, Asia and the Americas, Sun Siyam Group owns and operates a collection of resorts across its Luxury, Privé and Lifestyle brands. The appointment of Rasheed reinforces the group’s continued investment in people development and local leadership as it expands its presence across hospitality and related sectors.
