Karachi: In a significant organizational shift announced on October 14, 2024, Lucky Cement Limited has reported a reshuffling of its top executives. Mr. Muhammad Sohail Tabba has been named as the new Chairman of the Board of Directors, and Mr. Muhammad Ali Tabba will take over as the Chief Executive Officer of the company.

The changes, slated for a three-year term, were made public through a formal notification sent to key stakeholders, including the Pakistan Stock Exchange. This move is expected to bring fresh leadership dynamics to the company, which is part of the broader Yousuf Bashir Qureshi Group.

According to information available from the Pakistan Stock Exchange (PSX), the appointments are part of Lucky Cement’s strategic efforts to strengthen its market position and leadership within the cement industry. The notification also addresses the regulatory bodies, underscoring compliance and transparency in the management transition.

Lucky Cement, headquartered on A. Aziz Hashim Tabba Street in Karachi, remains a pivotal player in the cement sector, with significant contributions to Pakistan’s construction and infrastructure projects. The new leadership is anticipated to uphold the company’s commitment to quality and innovation, further enhancing its competitiveness and market share.

The communication to the Pakistan Stock Exchange underscores the company’s adherence to corporate governance norms and its proactive approach in informing the market about significant internal changes.

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