Wafi Energy Pakistan Appoints Zubair Shaikh As Interim CEO

The Board of Directors of Wafi Energy Pakistan Limited (formerly Shell Pakistan Ltd) has appointed Zubair Shaikh as interim chief executive officer. “Further to our announcement dated October 10, 2024, we would like to inform you that Waqar I. Siddiqui will step down as Chief Executive Officer of Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited) (the “Company”) on January 31, 2025,” the company informed the main bourse on Wednesday. “The Board of Directors of Wafi Energy Pakistan Limited have appointed Zubair Shaikh as the interim CEO of the Company, effective February 1, 2025,” the filing added. This comes just a day after Shell Pakistan informed PSX that it had been officially renamed Wafi Energy Pakistan Limited after the completion of its acquisition by Wafi Energy Holding Limited. The acquisition process which was initiated through a Share Purchase Agreement dated October 31, 2023, saw Wafi Energy Holding Limited acquire 87.78 percent of Shell Pakistan’s issued share capital, equivalent to 187,866,141 ordinary shares.