Attock Cement Pakistan Limited has officially appointed Omer Ashraf as its Chief Executive Officer effective May 2, 2026, according to a revised notification submitted to the Pakistan Stock Exchange (PSX).

In its clarification, the company stated that Ashraf has been appointed as a permanent CEO, correcting an earlier disclosure that had mistakenly described his role as acting chief executive.

The leadership announcement comes shortly after a significant change in ownership structure. Kot Addu Power Company Limited (KAPCO) and Fauji Cement Company Limited jointly acquired a 92.03 percent stake in Attock Cement, securing effective control of the company.

As part of the post-acquisition management overhaul, Lt Gen Anwar Ali Hyder has been appointed chairman for the remaining tenure of the outgoing chairman, signaling a broader restructuring of the company’s leadership following the takeover.

The acquisition was finalized on April 24, 2026, making it one of the most notable transactions in Pakistan’s cement sector in recent years. The deal followed a share purchase agreement signed in January 2026 and received all required regulatory approvals, including clearance from the Competition Commission of Pakistan.

Established in 1981 and listed on the Pakistan Stock Exchange, Attock Cement operates a major manufacturing facility in Hub, Balochistan. Over the decades, the company has expanded its production capacity and remains a prominent player in Pakistan’s cement industry.