Karachi: The shareholders of Arif Habib Limited have confirmed the election of seven directors during an Extra Ordinary General Meeting held on Wednesday, October 28, 2026. The meeting took place at the PSX Auditorium, Stock Exchange Building on Stock Exchange Road in Karachi, marking a critical event for the designated market category within the financial services sector.

During the meeting, the shareholders approved the minutes of the 22nd Annual General Meeting, which took place on September 25, 2026. The Chairman has been authorized to sign these minutes as a token of confirmation. This procedural step was part of the agenda prior to the main event of the election of directors.

In accordance with section 159 of the Companies Act, 2017, the election of directors for a term of three years commencing from October 28, 2026, was approved. The meeting confirmed that the number of candidates matched the number fixed by the board, leading to an unopposed election of the following directors: Mr. Zafar Alam, Mr. Muhammad Shahid Ali, Mr. Muhammad Sohail Salat, Mr. Alamgir A Shaikh, Mr. Muhammad Irfan Moton, Ms. Sharmin Shahid, and Mr. Aamir Hafeez.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions affirming these appointments were certified as true copies passed at the meeting. The meeting underscored the strategic direction of Arif Habib Limited as it moves forward with its newly confirmed board members.

This development comes as Arif Habib Limited continues to navigate the intricate landscape of the financial sector, with the newly elected directors tasked with steering the company through the next three years.