Karachi: Saif Power Limited announced the resignation of Mr. Rashid Ibrahim from its Board of Directors, effective August 27, 2025. The company has confirmed that the vacancy created by Mr. Ibrahim’s departure will be addressed by the Board of Directors at a later date.

According to the notice, stakeholders and TRE Certificate Holders of the Exchange have been informed of the development. This announcement comes as part of the company’s routine disclosure practices.

According to information available from the Pakistan Stock Exchange (PSX), Saif Power Limited is among the companies listed in the designated market category. The process to appoint a new director is in progress, ensuring continuity in governance and strategic oversight at the company.

The resignation of Mr. Ibrahim marks a transition period for the Board, which will continue to oversee the company’s operations and strategic initiatives. Further updates on the appointment of a new director will be provided by Saif Power Limited in due course.