ZUMA approves accounts, revamps leadership

MG News | January 01, 2026 at 11:18 AM GMT+05:00

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January 01, 2026 (MLN): Zuma Resources Limited (PSX: ZUMA), formerly Bilal Fibres Limited, held a meeting of its Board of Directors today in which several key decisions were approved.

The Board approved the company’s quarterly accounts for the period ended 30 September 2025.

The Board accepted the resignation of Mr. Naeem Omer as Chief Executive Officer, and Mr. Muhammad Usman Saber was appointed as his replacement with effect from 01 January 2026.

A change in leadership at the board level was also approved, with Mr. Syed Tahir Nawazish appointed as Chairman in place of Mr. Muhammad Aslam Bhatti, effective 01 January 2026.

In addition, the resignation of Mr. Muhammad Ijaz Shahid as Company Secretary was accepted, and Mr. Muhammad Saeed was appointed as the new Company Secretary with effect from 01 January 2026.

The aforementioned information was disseminated through a notification to Exchange.

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