Karachi, Ibrahim Fibres Limitedinformed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on January 29, 2018 at Lahore, has appointed the CEO of the Company, Chairman for the next tenure of three years commencing from January 30, 2018, confirmed the composition of Board, reconstituted Audit Committee and Human Resource and Remuneration Committee.
Ibrahim Fibres Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of poltyester staple fibre and yarn. The manufacturing units are located at Faisalabad – Sheikhupura Road, in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.
The symbol “IBFL” is being used by the stock exchange for the shares of Ibrahim Fibres Limited.