SG Power appoints Mr. Umer Ali Malik as CEO
MG News | April 02, 2026 at 02:18 PM GMT+05:00
April 02, 2026 (MLN): SG Power Limited (PSX:SGPL) has
named Mr. Umer Ali Malik as its new Chief Executive Officer with immediate
effect.
The Board of Directors has mandated the newly appointed CEO
to develop and present a comprehensive, future-focused business plan aimed at
transitioning the Company from its current operations into a scalable,
high-growth model aligned with emerging market opportunities and long-term
sustainability.
Mr.Malik has also been authorized to explore strategic
capital initiatives, including equity-based capital raising, strategic
partnerships, and other financial structuring options to strengthen liquidity
and support the Company's transformation into a profitable, growth-oriented
organization.
The Board emphasized its commitment to driving strategic
growth, operational excellence, and enhanced shareholder value, adding that the
Company will keep the Exchange informed of all material developments going
forward.
The aforementioned information was disseminated
through a notification to Exchange.
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