PTCL Announces Director Election Slate for Upcoming Term

Islamabad: In a recent corporate announcement, the Pakistan Telecommunication Company Limited (PTCL) has notified its members of nine candidates slated for election as directors. This election is scheduled for November 6, 2024, during the Extraordinary General Meeting at Islamabad.

According to information available from the Pakistan Stock Exchange (PSX), the candidates include Mr. Azfar Manzoor, Mr. Imdad Ullah Bosal, Mr. Jawad Paul Khawaja, Mr. Ahad Khan Cheema, Mr. Abdulrahim A. Al Nooryani, Ms. Brooke Marie Lindsay, Dr. Mohamed Karim Bennis, Mr. Khalid Murshed, and Mr. Khaled Hegazy. These individuals have formally expressed their intent to serve as directors pursuant to Article 64 of the company's Articles of Association.

The PTCL board has set the number of directors for the upcoming term at nine. Given that the number of candidates equals the slots available, the board has indicated that these nominations will likely result in direct appointments without the need for a contested election. Profiles of each nominee are available for review on PTCL’s website, providing transparency and allowing shareholders to assess the proposed board's composition ahead of the voting process.

This approach by PTCL underscores a smooth transition and governance stability, reflecting a structured corporate process in line with regulatory requirements and shareholder expectations. The elections are part of PTCL’s ongoing efforts to ensure effective leadership and strategic direction, crucial for maintaining its competitive position in Pakistan's rapidly evolving telecommunication sector.