PTCL announces board changes after change of management
PTCL announced resignations and appointments to its Board of Directors effective July 1, 2026, following a change of management, as reported in a notice to the PSX.
Pakistan Telecommunication Company Limited (PTCL) has announced changes to its Board of Directors following a change of management, according to a notice submitted to the Pakistan Stock Exchange (PSX).
The company informed the exchange that Mr. Khaled Hegazy and Mr. Marwan Bin Shakar have resigned from the Board of Directors with effect from July 1, 2026.
In their place, Mr. Mohamed Dukandar and Mr. Sabri Ali Yehya have joined the board as directors, also effective July 1, 2026.
Following the changes, PTCL’s new board consists of nine members.
Mr. Zarrar Hasham Khan will serve as Chairman, while the directors include Mr. Khalifa Al Shamsi, Mr. Anad Khan Cheema, Mr. Imdad Ullah Bosal, Mr. Jawad Paul Khawaja, Ms. Lamia Lemkecher, Mr. Nazih El Hassanieh, Mr. Mohamed Dukandar and Mr. Sabri Ali Yehya.
Read This: Islamabad High Court clears final legal hurdle in Telenor Pakistan merger with PTML
On Wednesday, PTCL said in a stock filing that the Islamabad High Court had approved the proposed Scheme of Amalgamation/Arrangements for merging Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited, clearing the final legal requirement for one of Pakistan’s largest telecom mergers.
Both Telenor Pakistan and Pak Telecom Mobile Limited are wholly owned subsidiaries of Pakistan Telecommunication Company Limited.
The court ruled that the merger met all legal requirements, was fair to shareholders and creditors, and was not against the public interest.
PTCL said in its notice that the scheme provides for the amalgamation of Telenor Pakistan into Pak Telecom Mobile Limited by transferring, merging and vesting the entire undertaking of Telenor Pakistan into PTML as a going concern.
The undertaking includes all assets, liabilities, and obligations of Telenor Pakistan as defined under the Scheme of Amalgamation. The scheme also provides for the cancellation of the entire shareholding of PTCL in Telenor Pakistan.
Following the amalgamation, Telenor Pakistan will stand dissolved without winding up, and its name will be struck off from the records of the Registrar of Companies.
Reports suggest that the merged company is expected to discontinue both Ufone and Telenor brands after the integration process and adopt the e& identity as part of the UAE-based group’s global branding strategy. The move would align Pakistan’s merged telecom operation with e&’s international branding strategy.
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