Karachi: Al Shaheer Corporation Limited announced a change in its board of directors following the withdrawal of consent by Mr. Arshad Shehzad to act as a director. The company disclosed this update to its stakeholders on July 18, 2025.

Mr. Shehzad, who has been serving as a director, cited increasing professional commitments as the primary reason for his decision to step down. These commitments reportedly require his full attention, hindering his ability to fulfill the responsibilities of a director at Al Shaheer Corporation Limited.

Mr. Shehzad's resignation was communicated to the TRE Certificate Holders of the Exchange, as per standard procedure.

According to information available from the Pakistan Stock Exchange (PSX), Al Shaheer Corporation Limited is a key player in the designated market category, necessitating a robust board of directors to oversee its operations and strategic direction.

The company has not yet announced a replacement for Mr. Shehzad. The management is expected to address this vacancy in the coming weeks to maintain effective governance and oversight.