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Appointment of Chief Financial Officer of Oil and Gas Development Company Limited

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange the Mt. Muhammad Anas Farook has been appointed as Chief Financial Officer of the Company with effect from August 31, 2021 in place of Mr. Irteza Ali Qureshi.

Oil and Gas Development Company Limited (OGDCL), was incorporated on 23 October 1997. The Company was established to undertake exploration and development of oil and gas resources, including production and sale of oil and gas and related activities formerly carried on by Oil and Gas Development Corporation. The nature of business of the Company is exploration and production of Oil and Gas / Hydrocarbons.

The total number of shares are 4,300,928,400. The Earnings per shares is 23.27 in 2020 which was 27.53 in 2019. The Profit After Taxation is 100,081,671,000 in 2020 which was 118,385,788,000 in 2019.