Wafi Energy Pakistan Limited (WEPL), formerly known as Shell Pakistan Limited, has reappointed its chairperson and chief executive officer for fresh three-year terms, reinforcing leadership continuity at a time when the company is reporting strong financial growth. The company disclosed the appointments in a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday. According to the filing, the Board of Directors has reappointed Ghassan Al Almoudi as Chairperson of the Board for a term of three years effective June 16, 2026. “The Board of Directors has re-appointed Ghassan Al Almoudi as the Chairperson of the Board, for a term of three (03) years with effect from June 16, 2026,” the company informed the bourse. The board also renewed the appointment of Zubair Shaikh as Chief Executive Officer for another three-year term. The leadership decisions come less than two years after Saudi Arabia’s Wafi Energy completed its acquisition of a majority stake in Shell Pakistan, marking one of the most significant transactions in Pakistan’s downstream energy sector in recent years. Leadership Stability During Growth Phase The reappointments signal the company’s intention to maintain strategic continuity as it expands operations under the Wafi Energy brand. Wafi Energy acquired a controlling stake in Shell Pakistan through Wafi Energy Holding Limited after receiving regulatory approvals in 2023. Following the transaction, the company rebranded as Wafi Energy Pakistan Limited while continuing operations across its retail fuel network, lubricants business and commercial energy segments. Industry analysts say leadership stability remains critical as Pakistan’s fuel marketing sector navigates changing energy demand, economic challenges and increasing competition. Ghassan Al Almoudi has played a key role in overseeing the company’s transition following the ownership change. Meanwhile, Zubair Shaikh has led day-to-day operations during a period of restructuring and business integration. The company remains one of Pakistan’s well-known energy marketers, operating a nationwide network of fuel stations and serving industrial, commercial and retail customers. Profit Jumps 148% in First Quarter The leadership announcement coincided with strong financial performance. Wafi Energy Pakistan recently reported a profit after tax of Rs2.16 billion for the first quarter of 2026. The figure represents a 148% increase compared with Rs873 million recorded during the same period last year. The sharp rise reflects improved operational performance and stronger earnings across key business segments. The company has focused on enhancing efficiency and strengthening its market position since the ownership transition. Wafi Energy Pakistan is a publicly listed company incorporated in Pakistan. Its majority shareholder is Wafi Energy Holding Limited, which operates from Abu Dhabi in the United Arab Emirates. Wafi Energy itself is one of the region’s major energy companies and has expanded its footprint across several Middle Eastern and international markets. The latest appointments suggest the company intends to build on recent momentum as it pursues long-term growth opportunities in Pakistan’s evolving energy landscape.