⚡ Flash Summary

ABL Funds announced the sad demise of Sheikh Mukhtar Ahmed Sahab, the Chairman of ABL Asset Management Company Limited, in a notice dated October 10, 2025, to the Pakistan Stock Exchange. The announcement was made by Saqib Matin, the Company Secretary. The notice informs the TRE Certificate Holders of the Exchange about this event. There is no immediate information given on a replacement or changes to the management structure.

📌 Key Takeaways

• 😔 Sheikh Mukhtar Ahmed Sahab, Chairman of ABL Asset Management Company Limited, has passed away.
• 📅 The announcement was made on October 10, 2025.
• 🏢 The notification was addressed to the General Manager of the Pakistan Stock Exchange Limited.
• ✍️ Saqib Matin, Company Secretary, issued the announcement.
• ℹ️ TRE Certificate Holders of the Exchange are being informed.
• 💔 The announcement conveys deep sadness regarding the loss.
• 🙏 “Inna lillahi wa inna ilayhi raji’un” is recited, expressing grief and acceptance.
• 💼 The company’s operations might be temporarily affected during the transition period following the Chairman’s death.
• 🔍 Investors should monitor for updates regarding the succession plan and any potential strategic shifts.
• 🤔 The notice does not discuss immediate succession plans or interim leadership arrangements.
• 📍 ABL Asset Management Company Limited is based in Karachi.
• 📞 Contact information for the company’s head office and Karachi office are provided.

🎯 Investment Thesis

HOLD. While the passing of the Chairman is a significant event, there is insufficient information to warrant a change in investment strategy at this time. Further announcements regarding succession and strategy are needed before reassessing the investment thesis. It is recommended to closely monitor upcoming communications from ABL Funds.