Karachi: Habib Insurance Company Limited has announced the appointment of Ms. Zahida Habib as a Director on its Board. This appointment took effect on December 2, 2025, and will continue until May 10, 2026. The position became available following the passing of Mr. Rafiq M. Habib, creating a casual vacancy on the Board.

According to information available from the Pakistan Stock Exchange (PSX), the change in the Board’s composition was necessitated to maintain governance and operational continuity within the company. The market participants are being informed of this development, as it holds significance for the company’s stakeholders and certificate holders.

Ms. Zahida Habib’s appointment is expected to bring her expertise and leadership to the Board, ensuring a seamless transition during the remaining term. The company has communicated this update to ensure transparency and compliance with regulatory requirements.