Dadex Eternit Limited informed Pakistan Stock Exchange that M. QA Sajid Ali has been re-appointed as the Chief Executive for period of 3 years with effect from May 01, 2020 at remuneration of Rs. 21,000,000/- per annum in addition to other benefits, all other terms and conditions of the employment shall remain same.

The announcement is available at:

https://dps.psx.com.pk/download/image/147544-1.gif

Dadex Eternit Limited is a limited liability company incorporated in Pakistan on April 13, 1959 as a public limited company under the Companies Ordinance, 1984. Sikander Private Limited is the holding company which represents 63.18% shares of the company. The principal business activities of the company include manufacturing and sale of construction material which includes piping systems and other allied products manufactured from chrysotile cement, rubber and plastics, merchandising of imported pipe fittings, accessories and other building products. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company operates with three factories located Karachi, Hyderabad and Lahore.

The company has a rubber plant located within Karachi which produces rubber rings to meet the international standards. Besides this the company is also associated with providing irrigation solutions for agriculture and landscaping.

The symbol "DADX" is being used by the stock exchanges for the shares of Dadex Eternit Limited.

© Pakistan Press International, source Asianet-Pakistan