United Arab Emirates

K-Electric holds Election of Board of Directors

K-Electric Limited organized the Extra-Ordinary General Meeting (EOGM) on Friday, 29 July, at a local hotel. The purpose of the Meeting, which was attended by Shareholders in person and via a video link, was to elect the Directors in place of the retiring Directors. The following persons have been elected/appointed as Directors of K-Electric Limited for a term of three years commencing from 29 July 2022: Adeeb AhmadArshad Majeed MohmandBoudewijn Clemens WentinkCh. Khaqan Saadullah KhanDr. Imran Ullah KhanMark Gerard SkeltonMubasher H. SheikhMuhammad Kamran KamalMuhammad Zubair MotiwalaSaad Amanullah KhanSadia KhuramShan A. AsharySyed Moonis Abdullah Alvi

K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.

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source: biztoday

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