Appointment of Chief Executive Officer of Shell Pakistan Limited

Karachi, Shell Pakistan Limited informed Pakistan Stock Exchange that the Board of Directors has appointed Mr. Waqar Siddiqui as Chief Executive Officer of the Company with effect from November 01, 2021 in place of Mr. Haroon Rashid.

Shell Pakistan Limited is a limited liability Company incorporated in Pakistan. The Company is a subsidiary of Shell Petroleum Company Limited, United Kingdom which is a subsidiary of Royal Dutch Shell Plc. The Company markets petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oils.

The total number of shares the company has introduced are 214,024,662. The Earnings per share is (45.05) in 2020 which was (13.88) in 2019. The Company had a loss of Rs. 4,821,027,000 in 2020 compared to a loss of Rs. 1,485,767,000 in 2019