Karachi February 13, 2026: Further to the announcement at the Pakistan Stock Exchange (PSX) dated February 06, 2026, the board of directors of K-Electric (KE) in its meeting held on Friday (February 13, 2026) has appointed Adeeb Ahmad as Interim Chief Executive Officer (CEO) of the company in place of Syed Moonis Abdullah Alvi with immediate effect.
About K-Electric:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih Power Limited of Saudi Arabia, National Industries Group (Holding) of Kuwait, and KE Holdings (Formerly: Infrastructure and Growth Capital Fund or IGCF). The Government of Pakistan is also a shareholder (24.36%) in the Company while the remaining are listed as free float shares.