Wafi Energy Pakistan Limited (PSX: WAFI), formerly known as Shell Pakistan Limited, has reappointed Ghassan Al Almoudi as Chairperson and Zubair Shaikh as Chief Executive Officer, each for a further three-year term effective June 16, 2026. The decision ensures continuity in the company’s governance and strategic direction as it continues to strengthen its position in Pakistan’s downstream petroleum sector.
Read More: iTANZ Technologies Secures $5 Million UAE Digital Transformation Deal
The Board has also inducted Waheed A. Shaikh and Habib Haider as directors. Both bring extensive experience in Pakistan’s downstream petroleum sector across energy operations, retail fuels, corporate relations, strategic planning, and business transformation. Their appointments are expected to further strengthen the Board’s collective expertise as the company navigates an evolving energy landscape.
Financial Performance
Alongside the leadership announcements, WAFI reported a profit after tax of Rs2.16 billion, representing a 2.5x surge from Rs873 million recorded in the corresponding period last year. The exceptional growth reflects the company’s successful operational strategy and its ability to capitalize on market opportunities in Pakistan’s competitive energy sector.
| Leadership Appointment | Detail |
|---|---|
| Chairperson | Ghassan Al Almoudi (reappointed for 3 years) |
| Chief Executive Officer | Zubair Shaikh (reappointed for 3 years) |
| Effective Date | June 16, 2026 |
| New Directors | Waheed A. Shaikh, Habib Haider |
| Financial Highlight | PAT Rs2.16 billion (2.5x YoY) |
About Wafi Energy Pakistan
Formerly known as Shell Pakistan Limited, Wafi Energy Pakistan is a publicly listed company majority-owned by Wafi Energy Holding Limited, headquartered in Abu Dhabi, UAE. The company is a key player in Pakistan’s downstream petroleum sector, operating a nationwide network of retail outlets and providing fuel, lubricants, and related energy solutions to consumers and businesses across the country.
