Further to the announcement at the Pakistan Stock Exchange (PSX) dated February 06, 2026, the board of directors of K-Electric (KE) in its meeting held on Friday (February 13, 2026) has appointed Adeeb Ahmad as Interim Chief Executive Officer (CEO) of the company in place of Syed Moonis Abdullah Alvi with immediate effect.
This comes a week after former CEO Syed Moonis Abdullah Alvi tendered his resignation, according to a material information filing dated February 6, 2026, submitted to the regulator.
Adeeb Ahmed’s career spans 34 years including C-suite roles. He has been involved in managing private equity funds, M&A and transformation focused on energy and other infrastructure sectors across MENA, Turkey, CIS, Southeast Asia, and Pakistan.
He has been engaged with investment banking institutions in the GCC and Pakistan leading several M&A, privatization and capital raising assignments. He recently served as the CEO of Hascol Petroleum Limited.
He has also served as Senior Advisor to the CEO and Deputy CEO-Designate at Islamic Corporation for the Development of the Private Sector (ICD) in Saudi Arabia. He holds an M.Sc. from the LSE, UK, and an MBA from IBA, Karachi.
