Ideal Spinning Mills Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on May 30, 2020 has re-appointed Mr. Muhammad Saeed Sheikh as Chairperson of the company for a term of three years.

Further, the Board of Directors has also re-appointed Mr. Amjad Saeed as Chief Executive Officer of the company for a term of three years.

The announcement is available at:

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Ideal Spinning Mills Limited is being run by Arshad Group and The Arshad group is one of the leading vertically Integrated Textile Group comprising of spinning, weaving, dyeing, printing, stitching & energy units. The Group has been serving the textile sector since 6 decades by providing the premium and exemplary quality of integrated textile products and also contributing to the national economy by adding 110 Million of U.S dollars in foreign reserves through its export business. Arshad Group is enjoying a remarkable reputation globally in textile sector. This reputable status is achieved by the efforts of prudent management policies, commitment to its core values and responsiveness to the customers, hardworking and dedicated employees. The Group is always in a process to adopt ultra modern quality enhancement techniques and state of the art technology to cater the customers' demands. A welfare program under the title of "Arshad Welfare Foundation" has been launched to cater their labor force and the impoverished people of the society, providing them with health care, education, zakat (to the eligible) and loans.

© Pakistan Press International, source Asianet-Pakistan