Karachi: Arif Habib Limited has announced the unopposed election of its directors, with seven individuals set to assume their roles at the upcoming Extraordinary General Meeting, scheduled for October 28, 2026, at 10:00 a.m. This development was disclosed in connection with a prior announcement on August 24, 2026, with a formal notice to shareholders issued on October 7, 2026.

The election process, conducted in accordance with section 159 (4) of the Companies Act, 2017, has seen seven candidates file their notices of intention to contest for the directorship positions. The meeting will take place at the PSX Auditorium, located in the Stock Exchange Building on Stock Exchange Road in Karachi, and will also be accessible via electronic means.

The candidates include 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. In line with the provisions of section 159 (1) of the Companies Act, 2017, the number of candidates matches the number of positions available on the board, resulting in their automatic election as directors for a term of three years.

According to information available from the Pakistan Stock Exchange (PSX), the election process is in line with the regulatory requirements and ensures transparency and compliance with corporate governance standards.

The unopposed nature of the election reflects the alignment of shareholder interests and the strategic direction set forth by the company's board. As Arif Habib Limited continues to navigate the complexities of the market, the newly elected board members are expected to play a crucial role in steering the company's future endeavors.