Zuma Resources Announces Key Management Changes, Approves Quarterly Accounts

PAKISTAN – Technology

Zuma Resources Limited (formerly Bilal Fibres Limited) has approved its quarterly financial statements for the period ended September 30, 2025, and announced a series of key changes in its top management and board, following a meeting of the company held on Wednesday.

According to a formal disclosure, the board reviewed and approved the unaudited quarterly accounts for the first quarter of the current financial year, reflecting the company’s ongoing operational and strategic transition.

The board accepted the resignation of Mr. Naeem Omer from the position of Chief Executive Officer. In his place, Mr. Muhammad Usman Saber has been appointed as the new CEO, with effect from January 1, 2026.

In another significant development, Mr. Syed Tahir Nawazish has been appointed as Chairman of the Board, replacing Mr. Muhammad Aslam Bhatti, also with effect from January 1, 2026.

The meeting further approved changes in the company’s secretarial leadership. The resignation of Mr. Muhammad Ijaz Shahid as Company Secretary was accepted, and Mr. Muhammad Saeed has been appointed as the new Company Secretary, effective January 1, 2026.

The board expressed its appreciation for the outgoing executives for their services and welcomed the newly appointed leadership, reaffirming its commitment to strong corporate governance and the company’s evolving strategic direction.

Zuma Resources Limited, recently rebranded from Bilal Fibres Limited, is undergoing a transformation aimed at diversifying its business focus while strengthening its management structure to support future growth. – ER Web Desk

READ MORE