Cyan Limited informed Pakistan Stock Exchange that subsequent to recent election of directors held on May 21, 2020, Mr. Hasan Reza Ur Rahim has been re-appointed as Chairman of the Board of Directors and Mr. Sulaiman Sadruddin Mehdi has been re-appointed as Chief Executive Officer of the Company.

The announcement is available at:

https://dps.psx.com.pk/download/document/148248.pdf

Cyan Limited is a public limited company incorporated in Pakistan on April 23, 1960. The foundations of the company are laid under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a subsidiary of the Dawood Group Limited. The company is engaged mainly in providing funding to Cyan Capital for its private equity investments. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.

The company is in the phase of restructuring the operations so that new business platforms and dimensions can be explored. On November 30, 2011 the insurance license of the company was also revoked by the Securities and Exchange Commission of Pakistan. The associate companies of Cyan Limited Include Dawood Hercules Corporation Limited, Dawood Lawrencepur Limited, Dawood Corporation Private Limited, Elixir Securities Pakistan Private Limited, Sach International Private Limited, Dawood Industries Private Limited, Patek Private Limited, Pebbles Private Limited, Inbox Technologies Private Limited, Engro Corporation Limited, ABL Assets Management Company Limited, UBL Funds Manager.

The symbol "CYAN" is being used by the stock exchange for the shares of Cyan Limited.

© Pakistan Press International, source Asianet-Pakistan