Resignation of Chief Executive Officer of Dadex Eternit Limited


Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that Mr. Qazi Sajid Ali has ceased to be the Chief Executive Officer of the Company with effect from June 28, 2021.

Dadex Eternit Limited is a Pakistan-based company, which manufactures and sells construction materials, including piping systems and other allied products manufactured from chrysotile cement rubber and plastics, and merchandises imported pipe fittings, accessories and other building products.
The Company was incorporated in Pakistan as a Public Limited Company on April 13, 1959.

The Company’s segments include Chrysotile Cement, which relates to the manufacturing and supply of corrugated sheets and pipes, and the manufacturing and supply of rubber rings; Plastic products, which includes polyvinyl chloride (PVC), Polydex and Polyethylene pipes, and Others, which includes merchandising of other imported building products and services.

The total shares of the Company are 10,764,000. The Earnings per shares are (33.59) in 2020 which was (18.16) in 2019. The Company had a loss of 361,519,000 in 2020 which was 195,528,000 in 2019.