Karachi: The Arif Habib Limited announced the resignation of Mr. Muhammad Haroon from its Board of Directors, effective May 2, 2025. The company stated that the resulting casual vacancy will be addressed by the Board of Directors in due course.

The departure of Mr. Haroon marks a notable change in the composition of the company's governance at Arif Habib Limited, a firm that holds a significant position in the financial services sector. His resignation necessitates the appointment of a new director to maintain the board's operational effectiveness and strategic oversight.

According to information available from the Pakistan Stock Exchange (PSX), the resignation and upcoming board appointment are of interest to the TRE Certificate Holders of the Exchange. The market category affected by this announcement falls under the designated financial services domain.

The company has yet to announce a timeline for the appointment of Mr. Haroon's successor, which will be crucial for ensuring continuity in the board's activities and maintaining investor confidence.