⚡ Flash Summary

First Dawood Properties Limited announced the election of directors for a three-year term during the 31st Annual General Meeting held on October 24, 2025. The elected directors include both non-executive and independent members. Mr. Christopher John Aitken Andrew has been reappointed as the Chairman of the Board, and Mr. Muhammad Rizwan-ul Haque has been reappointed as the Chief Executive Officer, both with immediate effect and for a term of three years. This announcement ensures leadership continuity and board stability for the company.

📌 Key Takeaways

• 📅 Election of directors held on October 24, 2025.
• 💼 Directors elected for a term of three years.
• 👤 Mr. Christopher John Aitken Andrew reappointed as Chairman.
• 👔 Mr. Muhammad Rizwan-ul Haque reappointed as CEO.
• ⏱️ Reappointments effective immediately.
• 📜 Reappointments comply with Section 187(1) of the Companies Act, 2017.
• 🏢 Seven directors elected to the board.
• 📊 Board includes non-executive and independent directors.
• 🔒 Ensures leadership continuity.
• 🤝 Board composition reflects corporate governance standards.

🎯 Investment Thesis

HOLD. The re-appointment of key leaders provides stability but lacks immediate catalysts for significant price appreciation. A ‘Hold’ recommendation is appropriate until there are tangible improvements in financial performance or strategic shifts. The price target remains unchanged for the time being, with a medium-term horizon.