Appointment of Chief Executive Officer of Atlas Honda Limited

Business & Finance

Karachi, Atlas Honda Limited informed Pakistan Stock Exchange that Mr. Saquib H. Shirazi has been appointed as Chief Executive Officer of the Company with effect from March 27, 2023 in place of Mr. Saquib H. Shirazi.

Atlas Honda Limited is a Public Limited Company, it was incorporated in Pakistan on October 16, 1962. The Company is engaged in the manufacturing and marketing of motorcycles and spare parts. The registered office of the Company is located in Lahore. The Company has five branch office all over the Pakistan to provide its services.

The Company currently has a production capacity of over 1.35 million units per annum and continues to maintain its status as market leader both in terms of volume and quality. It also exports its motorcycles and spare parts to Bangladesh and Afghanistan.

The total numbers of shares of the Company are 124,087,935. The Earnings per shares of the Company are 28.97 in 2021 which was 24.81 in 2020. The Profit after Taxation is Rs. 3,594,798,000 in 2021 which was Rs. 3,078,400,000 in 2020.