Al Shaheer's Karachi Plant resumes operation ahead of schedule

MG News | January 30, 2024 at 03:53 PM GMT+05:00

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January 30, 2024 (MLN): Al Shaheer Corporation Limited (PSX: ASC) has announced that its Karachi plant has commenced operations ahead of schedule, as revealed in the company's filing on PSX today.

To recall, upon recommendation of the Management, the Board of Directors had decided to temporarily close the plant for maintenance, for a period of two weeks starting from January 26, 2024.

In another development, the BoD has also accepted the resignation of Mr Kamran Ahmed Khalili (Director and the Chief Executive Officer) from the position of CEO effective from April 24, 2024.

The appointment of the new CEO will be announced in due course.

ASC is primarily engaged in trading of different kinds of halal meat including goat, cow, chicken and fish, both for the export market and local sales through a chain of retail stores.

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