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Karachi, Security Leasing Corporation Limited announced a significant change in its leadership, According to information available from the Pakistan Stock Exchange (PSX). The Board of Directors, in a meeting held on May 20, 2024, approved the resignation of Ms. Farah Azeem as the Chief Executive Officer. Muhammad Yaqoob has been appointed to replace her, effective from June 1, 2024, pending the approval of relevant regulatory authorities.
The company, located at Block GB’, Lakson Square Building No. 3, Sarwar Shaheed Road, Karachi, communicated the leadership changes through a disclosure form mandated by Section 15D of the Securities and Exchange Ordinance, 1969. This transition follows the rules of the Listing Regulations under the Code of Corporate Governance of the KSE Rule Book.
The change in leadership comes at a critical time for Security Leasing Corporation Limited, and the new CEO will take over the responsibilities from the beginning of next month, subject to regulatory approval. For further information, the company can be contacted at +92 21 35672649.