Shabbir Tiles & Ceramics Limited announced the resignation of its Chief Executive Officer (CEO), Masood Abbas Jaffery, on Friday, citing personal reasons for his departure. The company made this disclosure in a notice to the Pakistan Stock Exchange (PSX).
The notice confirmed that Jaffery would continue in his role until the completion of his three-month notice period. During this time, he will continue to fulfill his responsibilities as CEO.
Shabbir Tiles & Ceramics Limited, incorporated as a public limited company in 1978, specializes in the manufacturing and sale of tiles under the brand name “Stile.” In addition to its tile manufacturing, the company has diversified into the trading of building materials and installation products.
Shabbir Tiles is part of the Habib Group of Companies, a prominent business conglomerate in Pakistan with interests in diverse sectors including banking, textiles, and real estate. The relationship with the Habib Group has enabled Shabbir Tiles to expand its market reach and strengthen its position in the ceramics industry.
