Fecto Cement Ltd has announced the appointment of Abdul Wahab as its new chief financial officer, replacing Hanif Idrees with immediate effect. The change is expected to bring fresh strategies to the company’s financial leadership.

The appointment, confirmed on 28 October 2023, highlights Fecto Cement’s commitment to enhancing its financial management. A prominent player in Pakistan’s building materials industry and listed on the Pakistan Stock Exchange (PSX), the company looks to leverage Mr Wahab’s extensive expertise to drive growth and maximise shareholder value.

The company has informed PSX TRE Certificate Holders of the appointment, reflecting its ongoing efforts to maintain transparency with stakeholders. Fecto Cement remains optimistic about achieving its financial goals under Mr Wahab’s leadership.