Habib Insurance Company Limited’s appointment of chief executive

Karachi: We are enclosing herewith statement u/s 218(2) of the Companies Ordinance. 1984 in respect of appointment of Mr. Ali Raza D. Habib as Managing Director & Chief Executive of the Company for a period from July 01, 2011 to June 30, 2014.

Statement under section 218(2) of the companies ordinance, 1984

This is to inform you that the Board of Director of the Company vide Resolution by Circular dated June 30, 2011 have re-appointed Mr. Ali Raza D. Habib, as the Managing Director and Chief Executive of the Company for a period from July 01, 2011 to June 30, 2014.

He will be entitled to a salary of Rs. 500,000 per month, subject to an increment not exceeding 20% per annum. In addition, he will be provided with Company maintained car and driver and shall be entitled for leave fare facility, telephone and security guards at residence and other benefits incidental or relating so such office in accordance with his contract of service with the Company.

For more information, contact:
Shabir Gulamali
Company Secretary
Habib Insurance Company Limited
Habib Square, M. A. Jinnah Road
P.O. Box # 5217, karachi.
U.A.N: +9221 111 030 303
Tel: +9221 32424211
Fax: +9221 32421600

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