Karachi: In a significant development within the corporate landscape of Pakistan, United Distributors Pakistan Limited has announced the appointment of Mr. Amir Iqbal as its new Independent Director. This change will take effect starting September 25, 2024, as confirmed in a recent disclosure to the Pakistan Stock Exchange (PSX).

Mr. Iqbal will be taking over the role from Mr. M.A. Samie Cashmiri. The decision comes as part of a routine board restructuring aimed at infusing new perspectives and maintaining a dynamic governance framework within the company.

According to information available from the Pakistan Stock Exchange (PSX), this appointment is expected to bring a wealth of knowledge and experience to the boardroom of United Distributors. Mr. Iqbal's expertise in corporate governance and strategic planning is anticipated to be instrumental in steering the company through its future initiatives and challenges.

In compliance with regulatory requirements, the company has also notified the TRE Certificate Holders of the Exchange regarding this new appointment. This ensures that all market participants are well-informed of the changes within the company's leadership, maintaining transparency and fostering trust in the market.

United Distributors Pakistan Limited, a key player in the distribution sector, looks forward to the contributions of Mr. Iqbal as it continues to navigate the competitive market landscape. The company remains committed to upholding the highest standards of corporate governance and operational excellence.