Karachi: Jubilee General Insurance Company Limited has announced the resignation of Mr. Badaruddin Fatehali Vellani from its Board of Directors, effective August 12, 2024. According to information available from the Pakistan Stock Exchange (PSX), Mr. Vellani's departure from his role has created a casual vacancy within the Board, which the company has stated will be filled in due course. The resignation was formally communicated to the Certificate Holders of the Exchange as per regulatory requirements.

The specifics of the succession plan for the vacant director position remain undisclosed at this time. Jubilee General Insurance has committed to addressing this vacancy promptly, ensuring that the governance structure of the company remains robust and compliant with regulatory standards.