Board Resignations and Appointments Announced at LSE Capital Limited

Karachi, LSE Capital Limited, the management company of Modaraba Al-Mali, announced the resignation of two board members, Mr. Usman Hassan and Mr. Siddique Ur Rehman Khuram, effective May 07, 2024, and May 08, 2024, respectively. According to information available from the Pakistan Stock Exchange (PSX), Mr. Hassan and Mr. Khuram have stepped down from their roles as directors.

To address the vacancies, the Board of Directors has decided to appoint Mr. Aftab Ahmad and Mr. Muhammad Iqbal as the new directors. Mr. Ahmad will serve in the capacity of Executive Director, and Mr. Iqbal will serve as Non-Executive Director, pending approval from the Registrar Modaraba.

The company has instructed to inform the TRE Certificate Holders of the Exchange about these changes.