SECP Appoints Salman Hamid Afridi as Chairman of Religious Board

The Securities and Exchange Commission of Pakistan (SECP) has appointed Salman Hamid Afridi as the Chairman of the Religious Board. The SECP issued a notification in this regard on Friday. According to the S.R.O.1323(I)/2024, in exercise of the powers conferred by section 9 of the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 read with Securities and Exchange Commission of Pakistan Act, 1997  and rule 6 of the Modaraba Companies and Modaraba Rules, 1981, read with S.R.O. 698(I)86 dated 2nd July 1986, the SECP has appointed Salman Hamid Afridi as the Chairman of the Religious Board against the casual vacancy, for the remainder of the term, which ends on January 13, 2025.