Karachi: Al Shaheer Corporation Limited has announced a significant change in its leadership structure. In a statement dated June 16, 2026, the company confirmed that Mr. Ghulam Farooq has ceased to be the Director/Chief Executive of the company effective June 15, 2026. Mr. Muhammad Farrukh has been appointed as the new Chief Executive.

The announcement has been made in accordance with regulatory requirements, and the company has requested that the TRE Certificate Holders of the Exchange be informed of this leadership change. Al Shaheer Corporation Limited is a key player within the designated market category, and such changes in its executive leadership are closely monitored by stakeholders.

According to information available from the Pakistan Stock Exchange (PSX), the leadership transition at Al Shaheer Corporation is a noteworthy development. The decision aligns with the company's strategic objectives and is expected to impact its operations moving forward. The market will be observing how this change influences the company's performance and overall market position.