Mr. Shauzab Ali Appointed to AGP Limited’s Board of Directors, Replacing Resigning Director

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Karachi, AGP Limited, a prominent entity in the business landscape, has announced significant changes within its Board of Directors in accordance with regulatory requirements and guidelines.

Following the procedures outlined in Section 96 of the Securities Act 2015 and Clause 5.6.1 (a) of the Rule Book of the Pakistan Stock Exchange Limited, AGP Limited has formally communicated a change in its Board of Directors.

Mr. Naved Abid Khan, who served as a Director on the Board of AGP Limited, has tendered his resignation. The company has accepted Mr. Khan’s resignation, and he will no longer serve as a Director effective immediately.

In Mr. Khan’s stead, Mr. Shauzab Ali has been appointed as a Director on the Board of AGP Limited. Mr. Ali’s appointment will be in effect from September 1, 2023, and he will serve for the remainder of the term.

The change in the composition of the Board of Directors signifies the company’s commitment to ensuring effective governance, strategic decision-making, and continuity of leadership. AGP Limited continues to focus on enhancing its corporate governance practices and maintaining transparency in its operations.

As Mr. Shauzab Ali takes on his role as a Director, he is expected to bring his expertise and insights to contribute to AGP Limited’s strategic direction and growth objectives. His appointment comes at a pivotal time, and his experience is expected to be valuable in guiding the company’s future endeavors.

AGP Limited remains dedicated to its mission of delivering excellence in the sectors it operates in and serving the interests of its shareholders, stakeholders, and the broader business community. The company’s commitment to adhering to regulatory standards and best corporate practices remains unwavering as it navigates the evolving dynamics of the business environment.

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