Election of Chairman and Appointment of CEO of Crescent Steel and Allied Products Limited.

Karachi: Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that Mr. Ahmad Waqar has been re-elected as Chairman of the board and Mr. Ahsan M. Saleem has been re-appointed as Chief Executive Office of the company for the term of three years.

Crescent Steel and Allied Products Limited was incorporated on August 1, 1983 as a public limited company in Pakistan under the Companies Ordinance, 1984. The steel segment of the company manufactures large diameter spiral submerged arc welded steel line pipes and a pipe coating facility capable of applying multi and single layer, high density polyethylene internal and external coatings. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The steel segment operates an engineering unit, capable of fabricating and erecting reliable machinery at par with international standards. The unit is located in Faisalabad and caters...