Karachi: Awwal Modaraba Management Limited, the management company of First Prudential Modaraba, has announced the appointment of Syed Shahid Owais as the new Company Secretary. This change is effective from February 11, 2025, replacing the outgoing Ms. Misbah Asjad.

The company has communicated this significant update to its stakeholders, emphasizing that the transition in the role of Company Secretary is aimed at ensuring continued excellence in governance and operational management. Syed Shahid Owais brings a wealth of experience to the position, expected to enhance the company’s administrative and compliance operations.

According to information available from the Pakistan Stock Exchange (PSX), Awwal Modaraba Management Limited is actively engaged in the financial management sector, ensuring the prudent handling and growth of investments for its certificate holders. The company operates within the designated market category and continues to focus on delivering value to its investors.

Stakeholders, including certificate holders, have been duly informed of this strategic appointment, which underscores the company’s commitment to maintaining robust corporate governance practices. This leadership change is part of Awwal Modaraba’s ongoing efforts to strengthen its management team and enhance operational efficiency.