Karachi: JS Global Capital Limited has officially appointed Muhammad Khalilullah Usmani as its new Chief Executive Officer, effective as of July 26, 2024. This key leadership position was confirmed following a circular resolution by the company’s Board of Directors on July 10, 2024.

In compliance with section 96 of the Securities Act, 2015, and clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book, the appointment aligns with all regulatory prerequisites. The Pakistan Stock Exchange (PSX) has verified that Usmani meets the Fit and Proper Criteria essential for the role, as detailed in their recent correspondence.

According to information available from the Pakistan Stock Exchange (PSX), Usmani’s appointment was approved on July 26, 2024. He has since assumed responsibilities and begun his tenure as CEO. This transition comes after an earlier announcement made in a letter from JS Global on July 10, indicating the planned change in leadership.

Stakeholders, including TRE Certificate Holders of the Exchange, have been duly informed of this significant update, marking a pivotal step for JS Global Capital Limited as it continues to navigate the complexities of the financial sector under new leadership.