Dawood Lawrencepur Limited (DLL) announced on Tuesday key appointments.
The development was shared in a notice to the Pakistan Stock Exchange today.
As per the notice, Hussain Dawood was appointed as Chairman of the Board of Directors, and Muhammad Bilal Ahmed was re-appointed as Chief Executive Officer of the company.
DLL was incorporated in Pakistan as a public listed company in 2004.
The company is engaged in managing investments in its subsidiaries and associated companies.
Last month, Competition Commission of Pakistan (CCP) approved a merger as part of a corporate restructuring within the Dawood Group, following a review under the Competition Act, 2010.
The transaction involved the amalgamation of Cyan Limited and DH Partners Limited into DLL.
As part of the arrangement, all assets, liabilities, and obligations of the merging entities will be consolidated into DLL, with shares of Dawood Lawrencepur Limited to be issued to the shareholders of Cyan Limited and DH Partners Limited.
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