Pakistan Refinery Limited (PRL) has announced the acceptance of the resignation of Mr. Zahid Mir as the Managing Director & Chief Executive Officer (CEO) during an Emergent Board Meeting held today. Despite his resignation, Mr. Mir will remain in his role as Managing Director & CEO until December 31, 2025, as confirmed in the company’s notice to the Pakistan Stock Exchange (PSX).
The announcement follows the company’s adherence to the regulatory requirements outlined in Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of PSX. A formal disclosure form, as per SRO 143(1)2012, has been submitted to the relevant authorities and is enclosed as Annexure A.
The PSX is to inform the TRE Certificate Holders of the Exchange accordingly.
