Karachi: IGI Holdings Limited has announced a significant change in its Board of Directors, with Mr. Shamim Ahmad Khan stepping down from his position, effective June 30, 2026. The Board has formally accepted his resignation and expressed its appreciation for his contributions since joining the Board in 2000.

Mr. Khan has been acknowledged for his extensive experience and expertise in corporate governance and financial sector regulation, areas where he has provided considerable value to the company. The Board conveyed its best wishes for his health and future endeavors.

In the wake of Mr. Khan's resignation, Mr. Hasan Askari has been appointed as a new Director to fill the ensuing vacancy. The Board welcomed Mr. Askari and expressed optimism about the experience and contributions he will bring to the company.

According to information available from the Pakistan Stock Exchange (PSX), IGI Holdings Limited operates within the designated market category of financial services. This transition marks a notable shift in the company's strategic direction as it continues to navigate the complexities of the financial market.