⚡ Flash Summary

Habib Insurance Company Limited announced a change in management effective December 2, 2025. Syed Ather Abbas has resigned from his position as Chief Executive Officer. Mr. Murtaza Hussain, currently serving as the Chief Financial Officer, has been appointed as the new Chief Executive Officer. The company will fill the vacancy for the Chief Financial Officer in due course.

📌 Key Takeaways

• 📅 Effective December 2, 2025, Habib Insurance has a new CEO.
• 👤 Syed Ather Abbas has stepped down as CEO.
• 💼 Mr. Murtaza Hussain, previously CFO, is the new CEO.
• 🏦 The CFO position is now vacant and will be filled.
• 📜 The changes were approved by the Board of Directors via circular resolution.
• ℹ️ TRE Certificate Holders of the Exchange are being informed.
• 🏢 Muhammad Asif, Company Secretary, issued the notice.
• 🇵🇰 Habib Insurance is listed on the Pakistan Stock Exchange.
• 📍 The Head Office is located in Karachi.
• 📞 Contact information: Tel: 32424211, UAN: 111-030303
• ⚠️ Key managerial changes always bring uncertainty. Assess impact.
• 🧐 Watch for the appointment of the new CFO. Sign of company strategy.

🎯 Investment Thesis

Given the lack of financial information and the uncertainty surrounding the impact of the new CEO, a HOLD recommendation is appropriate. Further monitoring of the company’s performance and strategic direction is necessary before making a BUY or SELL decision. The new CEO’s vision and the appointment of a new CFO are key factors to watch.