TRG Pakistan Chairman Mohammed Khaishgi withdrew from Ibex Board nomination

December 10, 2025 (MLN): Mohammed Khaishgi, Chairman of TRG Pakistan Limited and CEO of TRGI, has withdrawn his nomination for re-election to the Ibex Limited Board of Directors, according to a supplement to the Company’s 2025 Proxy Statement.

As per the communique, Mr Khaishgi withdrew for personal reasons and not due to any disagreement on any matter relating to Ibex’s operations, policies, or practices. Moreover, his service on the Ibex Board shall end immediately following the 2025 Annual Meeting, which was held on December 5.

Ibex’s management and Board expressed gratitude for Mr Khaishgi’s years of service. The Company has said it has not yet identified a replacement and is evaluating how to fill the vacancy.

Shareholders who had already voted for Mr Khaishgi were advised that such votes would be disregarded, and they may update their vote before the final tally.

Mr Khaishgi has not resigned from any other Boards, including those of TRG and TRGI, for the same personal reasons.

Mr Khaishgi is a prominent figure in the TRG ecosystem, serving as CEO and Chairman of TRGI, the parent investment holding company, and as Chairman of TRG Pakistan, overseeing the company’s strategic direction.

Mr Khaishgi is a founding partner, CEO, and director of TRGI, an investment holding company. Before being appointed CEO in 2021, Mr Khaishgi served as TRGI’s Chief Operating Officer, having served in that position since 2004.

At TRGI, Mr Khaishgi is responsible for overseeing TRGI’s day-to-day operations, including management and oversight of its portfolio of direct holdings. Mr Khaishgi served as the Company’s CEO from September 2017 to June 2019.

He also serves as a Director and COO of TRG Holdings, LLC, an investment holding company and wholly-owned indirect subsidiary of TRGI, since 2004; a Director of BPO Solutions, Inc., an outsourcing company and wholly-owned indirect subsidiary of TRGI, since 2010; a Director of Bluecourt Management LLC, an investment company and a partnership among TRGI and TRGI management, since 2019; and a Director of Afiniti Newco LLC since 2025.

Mr Khaishgi previously served as a director of Afiniti Ltd from 2013 to 2020 and from March 2022 to December 2024.

Afiniti Ltd went through a major restructuring recently, resulting in the substitution of its control to the creditors’ group.

Before joining TRGI, Mr Khaishgi was a Senior Director at Align Technology from 2000 to 2002, where he managed Align’s offshore delivery center and back-office services operations.

 From 1995 to 2000, Mr Khaishgi was a Senior Investment Officer at the World Bank’s International Finance Corporation (the “IFC”) where he was responsible for the IFC’s portfolio of investments in the Asian telecommunications and technology sectors.

Copyright Mettis Link News