Karachi: Fecto Cement Limited announced the appointment of Mr. Abdul Wahab as the new Chief Financial Officer (CFO), replacing Mr. Hanif Idrees, with immediate effect. This significant change in the company’s financial leadership aims to bring fresh perspectives and strategies to its operations.

The appointment was officially confirmed on October 28, 2023. Mr. Abdul Wahab is bringing a wealth of experience to Fecto Cement Limited, a prominent player in the building materials category on the Pakistan Stock Exchange (PSX). His leadership is expected to steer the company towards achieving its financial goals and enhancing shareholder value.

According to information available from the Pakistan Stock Exchange (PSX), Fecto Cement Limited has been a steady performer in the market, consistently striving to innovate and expand its footprint within the industry. The new appointment is a strategic decision to bolster the company’s financial management and ensure sustainable growth.

The company has communicated this appointment to TRE Certificate Holders of the Exchange, emphasizing its commitment to maintaining transparency and informing its stakeholders promptly. Fecto Cement Limited remains optimistic about the future under the new financial leadership of Mr. Abdul Wahab.