Wafi Energy confirms Zubair Shaikh as CEO

July 29, 2025(MLN): A new phase of growth begins as Wafi Energy Pakistan (PSX:WAFI) appoints  Zubair Shaikh as its Chief Executive Officer.

The move comes less than a year after Wafi Energy Holding completed its acquisition of Shell Pakistan, marking a key phase of transformation and growth in the country's evolving energy sector, according to a press release issued.

The confirmation ensures continuity of leadership at a time when the company is ramping up its investments and deepening its presence in Pakistan.

With nearly two decades of experience across energy and finance, Zubair has been central to steering Wafi Energy through the post-acquisition transition.

Under his leadership, the company has delivered operational improvements while laying the groundwork for long-term strategic goals.

“Zubair’s confirmation reflects the Board’s confidence in his ability to lead Wafi Energy Pakistan,” said Ghassan Al Amoudi, Chairman of the Board.

“His deep sector knowledge, commercial insight, and ability to deliver results make him well-positioned to drive sustained value for our shareholders, customers, and partners.

As CEO, he will continue to shape Wafi Energy Pakistan’s next phase of growth to become a leading energy player delivering innovative, responsible, and future-ready energy solutions for the country.”

Zubair’s tenure with Shell began in 2006, covering senior roles in finance, strategy, and operations. He has led both the lubricants and retail fuels segments in Pakistan, serving as General Manager Lubricants and General Manager Mobility.

 A Fellow Member of the Institute of Chartered Accountants of Pakistan, he also brings experience from the banking, ports, and audit sectors.

As the exclusive licensee of Shell fuels and lubricants in Pakistan, Wafi Energy is positioned to carry forward the legacy of a brand that has been present in the country for 78 years.

Backed by the Saudi-based Asyad Group, the company is aligning itself with Pakistan’s growing demand for innovative, responsible, and resilient energy solutions.

Wafi Energy's renewed leadership marks a strong step toward realizing its ambition of becoming a key player in the country’s energy transformation.

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